After booming last year on the launch of two important new models, the midsized car segment still outgrows the overall market in Q1 of 2016, albeit only slightly at +9% vs. +8,2%. The dominant leader Volkswagen Passat loses a bit of market share, but the VW Group actually increases its stranglehold on the segment from 41,2% in Q1 of 2015 and 44,7% over the full year 2015 to 45,2% last quarter, as the new generation Skoda Superb is the fastest growing model in the top-10. The Superb surges from 5th place to the #2 spot, just ahead of the Ford Mondeo, which continues to improve and finally manages to outsell the Opel/Vauxhall Insignia, but not convincingly so, as the Insignia outsold it in March. Still, the Mondeo should be able to hold on to a podium spot by the end of the year, but it won’t threaten the Passat as much as Ford had hoped it would.[Read more…]
Sales of midsized cars have rebounded hard in 2015 from over a decade of losses to add over 100.000 units of volume in 2015, an increase of 20% to 619.474 sales. That’s still just over a third of the almost 1,8 million non-premium midsized cars sold in 2001. Two renewed models carry all of the segment increase: the Volkswagen Passat and the Ford Mondeo. The Passat adds almost half to its 2014 volume to take 36,5% share of the segment. It is the only model in the segment above 200.000 sales, and even the only model above 100.000 sales for that matter. Its closest competitor Opel/Vauxhall Insignia drops 4%, which is not too bad considering there are now two fresher competitors around. The biggest winner of the segment is the Mondeo, but that’s not so hard if you consider how deep it had fallen while customers were waiting for the new generation to arrive, 2 years late. Even then, it took the Ford until December to finally outsell the Insignia, and I’m afraid the very evolutionary styling compared to the outgoing model is to blame for that. The Mondeo just too much like the old one in my opinion, especially 3/4 from the rear. [Read more…]
The European midsized car segment keeps outpacing the market in 2015, growing at almost twice the rate of the rest of the car market, but keep in mind this is a segment that has been declining for a long time already. Unsurprisingly, the Volkswagen Passat tightens its stranglehold of the segment by increasing its share to 35,8%, meaning more than one in three midsized cars sold in Europe bear the VW logo. This is the highest segment share of any model in the European mainstream segments.
In Q3, the all-new Ford Mondeo is still way underperforming on its expectations, as it’s still being outsold by the 7-year old Opel/Vauxhall Insignia. So far this year, the only month the Mondeo outsold the Insignia was July, by a mere 214 units. It probably doesn’t help that it took Ford more than two years to launch the model in Europe and that it looks a lot like the outgoing model, especially from the rear 3/4, although the Passat proves that that doesn’t have to translate into slower sales. [Read more…]
Sales of midsized car in Europe are back up thanks to the new generations of two important players. With an increase of 12% in the first half, the segment recovers from its record low in 2014, and its growth even outpaces the overall market. However, the love isn’t shared evenly, as only 6 out of 19 models (not counting the already killed models: 6 out of 16) show a year-over-year increase. And the new generation Volkswagen Passat accounts for more than 30.000 of the 33.600 additional sales for the entire segment. So with the all-new Ford Mondeo also adding almost 15.000 sales, the picture for most other models is still quite bleak.
Despite being all-new (for Europe, that is. It’s been on sale in the US for over 2,5 years already), and despite sales up more than 50%, the Ford Mondeo hasn’t been able to outsell the 7-year old Opel/Vauxhall Insignia even a single month this year. It the Passat has still outsold it by a 2,5 : 1 margin every single month but March. So it’s safe to say European midsized car buyers are yet to be impressed by the new Mondeo. The previous model sold twice as many times in 2008 and the generation before it again twice as many in 1999. Of course, the segment as a whole was much bigger at that time, but Ford can be glad they’re selling the same car in the US and China as well now, so they can still gain economies of scale. Or perhaps the fact that it’s no longer a European design, but a world-car instead has something to do with the lack of interest in the new generation? [Read more…]
At around the same time Renault introduced the (in my opinion) strikingly handsome and very promising Talisman four-door sedan to replace its struggling Laguna midsized hatchback and station wagon, Citroën CEO Linda Jackson announced that the next generation of its midsized car the C5 will be produced in China and is unlikely to be exported to other parts of the world, including Europe.
According to Jackson, “In China there is clearly a requirement for a C5 segment car, and that is clearly going to be within our product plan. But we need to ask ourselves: Is there opportunity in other regions? I don’t know the answer to that.” That makes perfect sense, considering the company sold just 18.000 units of the model in Europe last year, down from a peak of 145.000 in 2002 with the previous model. Until May, sales are down another 28% this year. Contrastingly, the C5 sold 33.000 units in China last year, where it’s produced since 2010 at the joint venture plant with Dongfeng Motor in Wuhan. 2015 sales are down 22% until May. Jackson didn’t indicate when China sales of the new C5 would start. The current model was introduced in 2008.
What’s clearly missing from this picture is that Citroën should be focusing on finally getting a proper SUV in its line-up, because that’s the way the market is heading right now. The midsized segment is in deep crisis in Europe, and Chinese preferences are shifting from sedans to SUVs at an amazing pace. [Read more…]
The midsized car segment is slowly recovering from its deep crisis after a record low sales last year, and at +10% even grows slightly faster than the overall market at +8,3%. For the most part, this is the result of the new generations of two of the segment’s best selling nameplates, as most of the other models still suffer large volume declines.
The traditional leader Volkswagen Passat tightens its stranglehold on the segment, with more than one in every three cars sold in this segment being the new generation Passat. The model sells more than double of its nearest competitor, the Opel/Vauxhall Insignia, down 3%.
In third place and second-fastest growing model in the top-10 is the all-new Ford Mondeo. Well, technically not all-new since it’s been on sale as the Ford Fusion in the US for almost three years already. But it is a new generation Mondeo for Europe and it adds more than a third to last year’s record low volume for the model, surpassing both the recently facelifted Peugeot 508 and the Skoda Superb. [Read more…]
The European midsized car segment is the fastest declining segment in the market, contracting 8% in 2014 to the lowest figure ever and down more than 50% on as recent as 2007. Only four out of 21 models managed to increase year-over-year sales, and if the fact that the top-3 models now account for over 55% of segment sales isn’t enough as a sign of the segment’s defragmentation, no less than 7 nameplates are either already out of production or will be pulled from the market without a replacement soon: Honda Accord, Opel/Vauxhall Ampera, Renault Latitude, Chevrolet Malibu, Suzuki Kizashi, Seat Exeo and Chevrolet Volt.
That doesn’t mean the segment is officially dead, as there are also 8 new or facelifted models due in showrooms this year, while the new generations Volkswagen Passat and Ford Mondeo have just started customer deliveries. As a result, the midsize segment should be able to return to growth in 2015, making it the second time to do so since 2001. [Read more…]