The dominance of the Compact SUV segment extends as sales grow by 17%
Sales in the US Compact SUV segment rose by 17.1% to 850,324 in the first quarter of 2018, a considerably faster rate of growth than the 4.6% recorded in 2017 overall. With a ton of new or facelifted models having made their debuts in the market over the past 12 months this is hardly unexpected, but still serves to underscore the love [Read more…]
The largest segment got larger, while new cars are outperformed by established segment players
Sales in the US compact SUV segment, the largest of all segments, rose by 5.8% to 806,341 in the fourth quarter of 2017, while overall in 2017 sales in the segment grew by 4.6% to 3,159,468. What’s more, there seems to be no end in sight for this bonanza – not only did 2017 see a ton of new models debut in the market (Honda CR-V, [Read more…]
Sales in the largest of all segments, the compact SUV segment (2,379,590 sales YTD), grew by 4% in the third quarter, a better pace than the 1% registered in the second quarter, but some way off all the other SUV segments. Still, this still means that the segment grew by 4% YTD compared to a 3% decline for the market as a whole, as one would expect given the continued shift towards crossovers among the buying public. And with a ton of new models in the market (Honda CR-V, Chevrolet Equinox, Mazda CX-5, Jeep Compass, Kia Niro, GMC Terrain, Subaru XV Crosstrek, VW Tiguan L) it is reasonable to expect the segments dominance will continue for a long time.
Sales in the Compact SUV segment grew at a leisurely 1.4% pace in the second quarter of 2017, a step down from the rate of growth the segment enjoyed in the first quarter (7.8%). Taken together, the segment grew at an average 4.4% in the first half of the year, a much better performance than the market as a whole (sales fell 2.3% overall), but still a slower rate of growth than the other three non-premium SUV segments, all of which grew at around 10%. Still, the segment is assured in its utter dominance of the market, and its sales of over 1.5 million in the first half of the year are 36% higher than in the next-largest segments: compact car and large pickup. What’s more, with a raft of new models either already on the market (Honda CR-V, Chevrolet Equinox, Mazda CX-5, Jeep Compass, Kia Niro) or hitting the market in the next few months (GMC Terrain, Subaru XV Crosstrek, VW Tiguan) it would take a brave person to bet against the segment continuing to thrive in 2017.
After a 3.9% increase in 2016, sales in the Compact SUV segment pick up steam and improve 9% in the first quarter of 2017, to 742,230 units. This makes it by far the largest segment with a comfortable lead of more than 200,000 sales over the second-largest segment, that of large pickup trucks. It’s also 270,000 sales ahead of the midsized sedan segment, which used to be the biggest segment until 2013. A whole bunch of new or redesigned models will hit the market this year or already have in the first quarter, which should only help the cars in this segment consolidate its position as the family-hauler favorites.
Sales in the Compact SUV segment increased by 3.9 percent compared to 2015, to a grand total of 3,067,307 cars sold. This is quite the result – not only does this give the segment a big lead over the second-largest segment, Mid-sized with 2,311,850 sales, but it is the first time ever any one segment has crossed the 3 million threshold. With a bevy of new models entering the market in 2017 (Chevrolet Equinox, GMC Terrain, Honda CR-V, Jeep Compass and Mazda CX-5) it is reasonable to expect the segment will continue growing in the future, as it solidifies its position as the golden middle of the market, and a firm family-favorite.
Sales of Compact SUVs in the United States increased 5 percent in the third quarter of 2016, exactly the same rate of growth it achieved in each of the first two quarters of the year. This steady sales growth achieved a total volume of almost 2.3 million sales so far this year, which means the compact crossover segment widened its lead over the shrinking Mid-sized sedan segment as the largest segment in the US.
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…]
Sales of premium midsized SUVs are up 6% or more than 12.000 units on the first three quarters of 2013, thanks to the introduction of two all-new models from Porsche and BMW.
The Audi Q5 holds on to the first place it claimed in the second quarter, but the recently refreshed Volvo XC60 continues to stay close, even outselling its German rival in September. I don’t think the XC60 will be able to pull a rabbit out of its had and finish in the segment’s first place for the first time ever, but reclaiming the second place it already held in 2009 and 2010 would be almost just as impressive considering the increased competition since.
The Range Rover Evoque led the segment in the first quarter of the year, but has fallen behind since, being outsold by the recently updated BMW X3 in the second and third quarter, although it remains firmly in third place. 2014 is going to be the third year in a row where the Evoque finishes on the third step of the podium of the premium compact SUV segment.
Premium midsized SUV’s were just as popular in the first half of this year as they were in the same period last year. However, that doesn’t mean the ranking is stable as well. While the BMW X3 had the segment crown in 2012 and 2013, the Range Rover Evoque was the number one seller in the first quarter of 2014, leaving the X3 down in fourth position. But in the second quarter, the Audi Q5 was the best seller, while the Evoque was pushed down into fourth spot, behind the X3 again. Surprisingly, the X3 was back on top of the segment again in June, for the first time since September 2013.
The only consistent seller this year is the Volvo XC60, up a cool 34% on last year and second place in both the first and second quarter of the year. It is less than 650 sales behind the year-to-date leader Q5, giving the already six year old model, although recently updated, a shot at the segment crown by the end of the year. [Read more…]