Why are hatchbacks becoming more popular?

I've been hearing a lot about hatchbacks lately and I'm wondering why they're gaining popularity. Are there any specific reasons or benefits that make them a better choice for some people?

Hatchbacks have become more popular because of their compact size and fuel efficiency. With rising gas prices and crowded city streets, they are a practical choice for many people, especially young professionals.

Many people also prefer hatchbacks because of their versatility. The rear hatch allows for larger items to be easily loaded and the back seats can be folded down for even more storage space. They're great for road trips or moving small furniture.

Hatchbacks also tend to have lower maintenance and insurance costs compared to larger vehicles. This can save you money in the long run and make them a more affordable option for those on a budget.