Indeed the consensus on this side of the pond re engines is downsizing. From what I know, other EU countries, Greece included, tax vehicles based on the engine size in a way to penalize āgas guzzlersā as polluters and road breakers.
This has, at least over here, created a market where 10-15 year old SUVs (mainly luxury German brands and some American ones) need to pay high annual road taxes, close to those of a new Porsche with a 2.0L engine!! Add to that the fact that gas is more pricey over here compared to the States and you have a market for used SUVs that sell for pennies on the dollar.
Market was flooded so much with Porsche Cayennes selling for 6k as owners who bought them couldnāt afford the payments, taxes and gas prices due to the prolonged crisis that recently ended, to the point that it became a business for dealers to acquire them and exporting them to Germany making a profit.
Back to engine sizes, 2.0L has unofficially been set as the braking point north of which road taxes become incrementally biggger. So I understand that manufacturers targeting the EU market have switched to smaller and forced induction engines. BMW is maybe a good example which was always true to NA engines until the latest generation where almost the entire fleet has smaller but turbocharged engines.
Personal opinion from my driving experience so far and especially when it comes to Jeeps, as
@AndyG mentioned, displacement is king in these vehicles.
Over here, hot hatches and roadsters (from Miatas to high-end AMGs and āMsā are the most lusted by guys in my age group (30s). Jap scene is also present with tuned civics, integras, Subarus, Evos etc being a common sight as well. (Greece votes team Brian vs team Dom
). Unfortunately for me a I have the bug of Jeeps and muscle cars
(a near non-existent sight in the streets of Athens) and I literally need to pay the price.
On the other hand, as mentioned before, since itās more expensive to maintain, itās becoming cheap to acquire. In my case that meant recently grabbing a clean rust-free low mileage 2003 WJ Overland with for 5k.
Bottom line, I guess that environmental concerns and Hybrids/ EVs will put even more pressure in I6s and V8s and downsizing is here to stayā¦