Two weeks before the Detroit Auto show Honda has revealed the third-generation Honda Insight, and even though the model is still described as “Prototype” I think it’s fair to say it is pretty much exactly the car consumers will be able to buy before long. Prototype or not, the immediate question that comes to mind is whether Honda has finally [Read more…]
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.
At +6% in the first half of 2016, sales of compact cars in Europe grew faster than the minicar and subcompact segments, but slower than the overall market. In Q2 the compact car segment grew by 10%, which is just ahead of the market’s 9,8% gain. The Volkswagen Golf remains untouchable despite the diesel scandal and renewed competition from the Opel/Vauxhall Astra, but it is one of only 3 models in the top-10 to lose volume. The Golf’s closest rival from a year ago, the Ford Focus, loses even more and is pushed down into fourth place by the new generation Astra, up 27%. With the Skoda Octavia in third place and the Seat Leon in sixth, the Volkswagen Group’s MQB platform takes almost 37% of sales in the second largest segment in Europe. With the Focus starting to age, the Peugeto 308 has a shot at grabbing fourth place in the segment by the end of the year, a ranking last achieved by the previous generation in 2008. The 308 already outsold the Focus in May and was just 750 units behind in Q2. The new generation Renault Megane has started deliveries and is aiming for 6th place in the segment by year-end, as it already outsold the Leon and the Toyota Auris in Q2.
Sales in the Alternative Power segment accelerated their freefall by plummeting 21% in Q2 of 2016 to just 63,084 vehicles, after an 11% decrease in the first quarter. This is the biggest decline of all segments in the second quarter, and the main reason for the softening demand is clear: cheap gas keeps luring people away from EVs, hybrids and more fuel-efficient cars in general into larger crossovers, SUVs and pick-up trucks. And there’s no indication of the oil price going back up anytime soon, which spells more bad news for EVs and hybrids. Perhaps a few new model launches can breath some new life into the segment, most notably the new generation Toyota Prius, Chevrolet Bolt and the Tesla Model X.
Sales in the Alternative Power segment fell by 11% Q1 2016 to 54,688 vehicles, a steep decline but actually not as bad as some other sectors (mainly premium mainstream ones). The reason for the decline is clear: cheap gas keeps luring people away from EVs, hybrids and more fuel-efficient cars in general into larger crossovers, SUVs and pick-up trucks. With no large increase in the gas price on the horizon it is hard to see how the fortunes for the sector could turn around anytime soon, though with new cars such as Tesla Model X, as well as Chevy Bolt and Volt models hitting the market at least one can expect some positive stories.
At +4% in Q1 of 2016, sales of compact cars in Europe grew at a similar rate as the minicar and subcompact segments, at half the growth rate of the overall market. The perennial leader Volkswagen Golf is still firmly in control despite losing 2% of its volume on last year. Its nearest competitor from a year ago, the Ford Focus, also loses a percent and is overtaken by the surging Opel/Vauxhall Astra, up 30% thanks to the new generation. That still leaves the Golf untouchable, selling more than the #2 and #3 combined, but at least the competition doesn’t sit still like in the midsized segment. The Skoda Octavia is kicked off the podium, which it has impressively held for two years. And the Peugeot 308 is closing in quickly, as it already did in the final months of 2015. The Seat Leon is surprisingly stable and stays ahead of the facelifted Toyota Auris, while the Renault Megane is the biggest loser of the top-10 and drops a spot as it awaits the arrival of the new, fourth generation.[Read more…]
Sales in the Alternative Power segment fell by 4% in 2015 to 116,065, as cheap fossil fuel caused car buyers away from small cars, hybrids and EVs and into crossovers, SUVs and pick-up trucks. Sales of EVs and PHEVs in Europe, where gas is less cheap, totaled 189,461 units, up 94%. Short sighted Americans? Well, Fiat-Chrysler Automobiles is betting on gasoline to stay cheap for at least a decade as it doubles down on trucks and will forgo sedans and electric cars. Still, EVs and PHEVs are here to stay and Tesla is determined to prove all the others wrong. Its has won its first battle, as a 51% increase in sales has helped the Model S become the best selling electrified vehicle in the United States with over 25,000 sales. The Nissan Leaf drops to second place and loses 43% of its volume, as competition in its price range intensified and an updated version is on its way, promising more range. [Read more…]