Peter Morici: Four reasons Detroit should keep making sedans

The Detroit Three have always had a tough time competing with Asian auto makers in the markets for mid-sized and compact sedans. Often superior Japanese product designs and a field crowded by smaller rivals too, make sedans the toughest competitive arena in the industry. Margins are thin too.

Compounding these issues, improvements in vehicle design, which reduced the gas-cost penalty of driving a car-based sport utility vehicle relative to a sedan, and lower gas prices — the national average price fell from $3.30 in 2008 to $2.25 in 2017 — caused sedans’ share of overall vehicle sales to fall to 37% in 2017 from 47% a decade earlier.

>>> Original Source <<<