Sadly, everyone has seemingly forgotten that the lessons of the past can help prepare us for the future. For example, one would assume that the sting of owning an truck or SUV during the financial crisis would stick with consumers long enough to deter them from falling back into the same trap again just because oil was trading lower… then again, just as assuming market participants would remember that time period, one would be wrong. So here we are once again. Last year, SUVs outsold any other type of passenger vehicle in Europe for the first time, and the trend has continued into 2016 as Bloomberg reports . The same is occurring in the US, as today light trucks, vans, and SUVs account for 60 percent of the total vehicle sales , a level only reached briefly in 2005 when Brent averaged $55/bbl – meaning that once again low […]