Sales in the US Small Sports segment collapsed by 40.2% to 8,724 in the first quarter of 2018, by far the largest decline from among all segments. What’s more, this follows the 36.9% sales decline the segment experienced in 2017 – could it be the advent of trendy crossovers is pulling all the money away from this segment? It will be interesting [Read more…]
Growing demand for hybrid versions of conventional models helps segment grow despite collapse in Prius sales
Sales of hybrid vehicles rose by 2.6% to 90,377 in the fourth quarter of 2017, while overall sales in 2017 rose by 12.4% to 368,137. Hybrid vehicles remain the most popular from among the three types of green cars by far, selling more than double the volume of the other two types: PHEV and EV. Perhaps unsurprisingly given its size, the growth [Read more…]
Sales in the small sports segment collapse by 55.6% to 7,807 in the fourth quarter of 2017, leading to the highest-among-all-segments year-on-year sales decline in 2017 of 36.9%. Such a decline brought the total sales in 2017 down to 45,911, the lowest level since 2010. What is troubling is that while volatile, sales in this segment usually don’t go [Read more…]
Mazda MX-5 narrows in on the lead as segment sales collapse by half in Q3’17The decline in Small Sports car sales went from troubling to almost catastrophic, as sales fell by almost half in the third quarter of 2017, worse than even the perennially underperforming Minicar segment. Although there is some hope in the form of the new Hyundai Veloster, that car won’t arrive until sometime in 2018 – until then, it’s likely sales will continue declining.
Mazda MX-5 almost takes the segment lead, as RWD cars soar and FWD cars crashThe Small Sports segment lost an astonishing 31.6% sales in the second quarter of 2017, a bad performance second only to that of the Minicar segment that lost almost half its sales over the same period. Combined with the slower decline experienced by the segment in the first quarter of the year, sales in the segment were 22.8% smaller in the first half of 2017 than in 2016. Although there is some hope in the form of the new Hyundai Veloster, that car won’t arrive until sometime in 2018 – until then, it’s likely sales will continue declining.
The Small Sports segment accelerates its decline in the first quarter of 2017 with a loss of 16.8% after already losing 6.5 percent in 2016. Sales of small sports cars dropped to 69,938 in Q1 as 9 out of the 13 models lost volume, of which 7 with double digits. The top-3 are the American muscle cars, which hold more than three quarters of the segment and they lose slightly faster than the rest of the segment. And keeping in mind sales of muscle cars have traditionally proven to be a bellwether for the entire US car market, this could be yet another indication that car sales have hit their peak. Hopefully the facelifted Ford Mustang can breathe some much-needed new life into the segment. The only other sports car news in 2017 will be the new Toyota Supra, co-developed by the Japanese brand with BMW.
The compact car segment in Europe has grown by 3% in 2016, half the growth of the overall market at +6,2% and equal to the subcompact car segment, which remains Europe’s largest segment ahead of this one. Expectedly, the dominant leader of the segment Volkswagen Golf drops back below half a million sales after two years, due to increasing pressure of fresh rivals. The main culprit to the Golf’s demise is the Opel/Vauxhall Astra, movin up from fifth place to #2 for the first time since 2011 thanks to a 30% sales increase on last year, topping a quarter million sales also for the first time since 2011. The bang-for-your-bucks Skoda Octavia holds on to its third place with sales up 5%, helped by the 9% loss for the Ford Focus, dropping from 2nd place to #4. The Peugeot 308 loses a similar share of 9% and drops a place to #5 after topping 200.000 sales for only one year.
Sales of Alternative Power cars across all segments fell by 11.2 percent in 2016, making this the third year in a year of decline in a row. This means that, with 264,287 sales in 2016, the meta-segment is some 25 percent smaller than it was at its peak in 2013, though it is still more than twice as big as it was a decade ago. That said, prospects for cars with alternative power still look pretty bleak because cheap gas keeps luring people away from EVs, hybrids and more fuel-efficient cars in general into larger crossovers, SUVs and pick-up trucks. Not even the new Toyota Prius liftback, Chevrolet Volt or Tesla Model X seem to be able to stop that.
At +4% in the first three quarters of 2016, sales of compact cars in Europe grew faster than the minicar and subcompact segments, but slower than the overall market. The traditional leader Volkswagen Golf is feeling the competition from the Opel/Vauxhall Astra, but its top spot is in no way threatened. In fact, VW feels so confident about the strength of the Golf nameplate, its upcoming facelift will keep exterior design updates to a minimum. The Golf will be made up-to-date on in-car technology, with gesture control for its multimedia system and semi-autonomous features. Meanwhile, the Astra is the biggest winner of the segment in volume terms and is now the only other compact car with a double digit share of the segment. After narrowly edging out the Ford Focus for 3rd place in the first half of 2016, the Skoda Octavia firmly consolidates that position in Q3, as the Focus is the biggest loser in the top-10.
The decline of sales in the Alternative Power segment slowed down somewhat in the third quarter of 2016 to just 6 percent, a much better (less bad) performance than the 21 perent drop in sales in Q2. That said, prospects for the segment still look pretty bleak because cheap gas keeps luring people away from EVs, hybrids and more fuel-efficient cars in general into larger crossovers, SUVs and pick-up trucks. Not even the new Toyota Prius, Chevrolet Volt or Tesla Model X seem to be able to stop that.