Sales of minicars in Europe decline again by 1% in 2018 to 1,24 million units, which means their share of the total European car market is slightly down from 8,1% in 2017 to 8,0%, which is not a bad performance considering there haven’t been any major updates to any of the models in this segment in 2018. Despite the lack of investment by manufacturers due to the slim margins on this kind of vehicle, the segment is expected to stabilize at this level sales until 2020. Fiat’s dominance in this segment shrinks to a share of 28,7% with its two models, as the aging Panda lost 10% of its volume while the 500 maintains stable despite being just about as old. The decline of the Italian market and the Panda’s dependence on its home market are the biggest reason for that model’s troubles, as Italy is responsible for more than the Panda’s lost volume, meaning sales outside Italy actually increased and the share of its home market is down from 78% to 73,9%. The 500 also loses 14.000 sales in Italy but wins them back in other markets, as now just 21,2% of its European registrations happen in its home market, down from 28,5% in 2017. The Volkswagen Up! is down 3% to just below 100.000 sales but manages to hold on to its podium place that it has held ever since its first full year of sales 2012. [Read more…]
Mitsubishi Mirage takes the sales crown as Mini Cooper stumbles; Fiat 500 and Smart ForTwo wither away
Sales in the US Minicar segment fell by 10.3% to 76,442 in 2018, making it the fourth straight year of decline. Overall, total segment sales have fallen by over 40% since their peak in 2014, a trend that may well continue in the near future with no new models on the horizon.
Mitsubishi Mirage retakes segment lead as collapse in Chevy Smart sales drops it to third
Sales in the US Minicar segment fell by 15.1% to 37,708 in the first half of 2018, a result driven by a 26.0% decline in the first quarter of the year, which masks a modest 0.5% sales decline in the second quarter. This provides a rare respite for a segment that has been in decline for quite some time now, but it is too early to call this a recovery. [Read more…]
Chevy Spark regains leadership of the rapidly-shrinking segment
Sales in the US minicar segment fell by 26.0% to 18,779 in the first quarter of 2018, making it the second fastest-shrining segment in early 2018, ahead of only the small sports segment. This performance is a continuation of the segments recent downward trend (it shrank by 20.0% in 2017), and suggests a grim future for the entire segment. Given [Read more…]
Segment growth tops 25% thanks in large part to Chevy Bolt, despite Tesla Model 3 struggles
Having analyzed 2017 sales of hybrid green cars and PHEV green cars, let’s look at the final green segment: electric vehicles, or EV for short. Sales of EV vehicles rose by 19.2% to 29,486 in the fourth quarter of 2017, while overall sales in 2017 rose by 25.9% to 104,195. This makes this the second-fastest of all types of vehicles, second only [Read more…]
Sales of minicars in Europe decline by 1% in 2017 to just under 1,25 million units, which means their share of the total European car market declined from 8,4% in 2016 to 8,1%. The segment is expected to show another small decline in 2018 before stabilizing at about 1,23 million sales until 2020. Fiat remains ultra-dominant in this segmentwith a share of over 30% thanks to its two models. Thanks to an increase of 3%, the Fiat 500 reclaims the segment lead it also held from 2013 to 2015, knocking its sibling Fiat Panda down into 2nd place. Even though their total European volumes are within a few thousand units of each other, there’s a big difference in the way these two models achieve these sales. The 500 is successful across almost all of Europe, while the Panda is heavily dependent on its home market Italy, which accounts for 78% of its sales (or almost 146.000 units), compared to just 28,5% for the 500 (or nearly 54.000 sales). The closest rival to the Italian duo, [Read more…]
Segments shrinks by a fifth and ends 2017 at the bottom of the mainstream heap
Sales in the US minicar segment fell by 9.6% to 22,199 in the fourth quarter of 2017. This makes it the third quarter in a row that sales in the segment have declined, although the rate of decline was considerably slower than in either Q2 or Q3, when the segment shrunk by 43% and 27%, respectively. Overall, the segment shrunk by 20.0% in 2017, the [Read more…]
The minicar segment shows a slight recovery in Q3 of 2017 with a gain of 1% but is still down by 1% for the first 9 months of 2017, with almost 980.000 sales. Fiat’s share of the segment is down on the first half of the year but up on the first three quarters of 2016, with 30,6% share of the segment and holding on to the top two positions with the 500 and Panda. The Volkswagen Up! remaims #3 of the segment, with less than half the sales of the best seller, but was the only model in the segment that showed double-digit growth in Q3. However, it was still outsold by the Hyundai i10 in the third quarter, the fastest growing model in the year-to-date top-5. The gap between the two models is too large to be closed in the last quarter, so another podium finish for the Up! seems to be wrapped up. The fifth placed Toyota Aygo is the best seller of the Kolin triplets, built together with PSA, and also the only of the three to continue growing its sales, as the Peugeot 108 and Citroën C1 are both down by double digits. The same can be said of the remaining two members of the VW triplets, Skoda Citigo and Seat Mii.
The collapse of the Minicar segment continues
After briefly returning to growth in the first quarter of 2017, the minicar segment in the United States fell back into the red in the second quarter of this year, and firmly remained there in the third quarter, even if the 36% fall in sales in Q3 was slightly less bad than the 47% drop recorded in Q2. All in all, sales in the minicar segment were only 63,023 over the first three quarters of 2017, down from 90,095 in 2016, which is roughly how many Toyota RAV4s are sold in a month and a half!
The minicar segment continues to shrink in 2017 as has been forecasted by analysts, before it is expected to stabilize until 2020. Since minicars are unaffected by competition from crossovers, the segment is expected remain stable after a second year of small declines. Despite the downturn for the segment, minicars still account for 8,3% of new car sales in Europe with just over 692.000 sales in the half. Fiat retains the 31,5% share of the segment it held in Q1, up from 30,1% in the first half of 2016 and 28,1% in all of 2016. Both of its models, the Panda and the 500, improve their sales and each sells more than double the volume of any other nameplate in the segment. But while the 500 is popular across most of Europe, the Panda remains extremely dependent on its home market Italy for almost 80% of its sales (vs. 30,5% for the 500). Thanks to a strong second quarter, the 500 closes the gap to the #1 position and could reclaim the segment leadership after just one year of Panda domination. The Volkswagen Up! is down by 3% but holds on to its third place, although the Hyundai i10 is closing in thanks to a 10% increase. In the first half of last year, the i10 was in 6th place but it finished 2016 in 4th place before dropping back to 5th in Q1. This may be the year the South-Korean hatchback jumps onto the segment podium.