The Large Pick-up segment grew by 8% in the third quarter of the year, and 5% in the first three quarters of 2015.
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The Small Pick-up segment grew by 46% in Q3, a small step down from the dizzying 62% growth rate in the first half of the year. The reason for this is that the new market players, Chevy Colorado and GMC Canyon, are becoming more established, leading to a “new normal”. At this pace, it seems that the segment might finish the year with some 350,000 sales, and might stabilize with around 400,000 sales in the medium term. [Read more…]
The Large Premium SUV segment grew by 3% in Q3, and 6% since the beginning of the year, compared to the respective periods in 2014. This makes it the slowest-growing SUV segment bar the non-premium Large SUV segment, suggesting that consumers are slowly but surely moving to smaller SUVs and crossovers. [Read more…]
The Premium Mid-sized SUV segment grew by 33% over the first three quarters of 2015, and an impressive 48% in Q3.
The Premium Compact SUV segment grew by 40% compared to the period Q1-Q3 in 2014, thanks mainly to the two models that entered the market roughly a year ago: Mercedes-Benz GLA and Audi Q3. [Read more…]
The Large SUV segment continued shrinking in Q3, with sales down by 10% compared to the same period last year. While the low gas prices seem to have benefited most other SUV segments, these ladder-on-frame dinosaurs clearly have a hard time getting back into favor with customers, possibly due to increasing competition from much newer, and better, competition from the Large Premium SUV segment. [Read more…]
The Mid-sized SUV segment grew by 9% compared to the Q1-Q3 period in 2014, faster than the car market overall (5% growth). [Read more…]
The Compact SUV segment grew by 13% over the period Q1-Q3 compared to the same period in 2014. As such, it is still the second fastest growing non-premium SUV segment, after the Subcompact SUV segment, and easily retains its mantle as the largest single segment in the US, widening its gap to the Mid-sized and Compact car segments (down 2% and up 2%, respectively, on Q1-Q3 2014). [Read more…]
As we’re approaching the final few weeks of 2015, it’s becoming clear that this has been another great year for the automotive industry, most notably in the two largest markets in the world: China and the US. Both markets are on track to set new volume records in 2015, but have taken different paths towards those records. The previous US sales record was set in 2000, when automakers sold 17,4 million cars but never reached that figure ever since. At that time, the US market was more than 30 times bigger than the Chinese car market, but the latter hasn’t stopped growing ever since. And at an amazing pace: 27,5% per year on average. As a result, the Chinese passenger car market caught up with that of the US in 2013, and is set to break through the 20 million units barrier for the first time this year.
The Subcompact SUV grew more than any other segment over the period Q1-Q3, with sales up 168% compared to the same period in 2014. [Read more…]