Despite Falling Sales, Automakers Love Minivans
They're not the sexiest of vehicles, but minivans sure are convenient to the parents of small children, or large families. However, with the explosion of SUV sales in recent years, minivans have taken a hit. Not enough of a hit to discontinue production, though, because automakers love minivans and definitely find them worthwhile. Like pickup trucks, minivans offer automakers generous profit margins. Base models are generally pretty, well, base. Buyers like to load them up with optional features like rear-seat entertainment systems, rear-view cameras and heated mirrors, features that busy parents appreciate. Honda's minivan even offers a built-in vacuum. All of these convenient add-ons provide an exceptional level of padding to the automaker's profits, taking a frumpy base mommy-mobile into the price territory of a luxury vehicle. A Honda Odyssey or Toyota Sienna can easily surpass $50,000.
More Source: autoExpert.ca