Sales in the Mid-sized SUV segment grew by 2 percent in the second quarter of the year, slightly slower than the 4 percent growth in the first quarter of the year, for a total of 868,715 cars in the first half of 2016. With such sales figures the segment finds itself in a bit of a no man’s land between the likes of Large and Minivan segments (both around 300,000 units over the half year) and segments like Compact or Large Pickup (both with slightly over a million units over the time period). However, if the Compact segment continues shrinking as it has been recently (down 6 percent in the first half of 2016), than the Mid-sized SUV sector will catch it sooner rather than later. [Read more…]
The large SUV segment in Europe shrinks 9% in Q1 of 2016 while the overall market grows by 8%, after the segment grew a healthy 23% in 2015. Only two models improve their volume on the same quarter of last year: the new leader Kia Sorento, boosted by the all-new generation, and the evergreen Mitsubishi Pajero. That leaves last year’s leader Hyundai Santa Fe in 2nd place with sales down 22%, probably thanks to cannibalization from both the new Sorento and the new Hyundai Tucson, even though that model is a class smaller. I have no substantiated explanation for the rebound of the Pajero, which started last year when it gained 22%. A small facelift hasn’t exactly turned the already 10 year old model into a hot fresh thing, especially since the engines are simply carried over.[Read more…]
Despite the cheap gasoline prices and an overall shift towards crossovers and SUVs across the board, we can still see a growing preference for smaller sizes: the larger the mainstream SUV segment, the slower its growth rate in the first quarter of 2016. If sales of subcompact crossovers in the US boomed with an increase of 162,5% and sales of compact crossovers in the US outgrew the market with a plus of 4.9%, midsized SUVs added just 3.7% to their volume in the same period of last year. Total segment sales stood at 412,039 units. And while the two smaller segments both welcomed a new leader, the Ford Explorer still tops the charts for midsized SUVs in the US, thanks to sales up 8%, a similar growth rate as its nearest two competitors Jeep Grand Cherokee and Toyota Highlander. [Read more…]
US consumers bought 1.74 million Mid-sized SUVs in 2015, a 10% increase over 2014 and a growth rate twice of that of the industry’s 5%. Only 2 out of the 18 remaining players in this segment lose volume, while 4 score volume records for their nameplates. Unlike the compact crossover segment, Japanese brands don’t dominate this ranking, as the Ford Explorer remains the best seller of the segment thanks to an increase of 19% to almost a quarter of a million sales, the model’s best volume since 2004. In fact, each of the top-3 models has now scored six consecutive years of volume increases. The Jeep Grand Cherokee added 7% in 2015 for its highest volume since 2005 and the Toyota Highlander added 9% to score a volume record in its 15th year on the market. [Read more…]
With its small volume, the Large SUV segment in Europe is one of the most volatile. It shrunk 24% in 2013 before rebounding 22% in 2014 and another 23% last year. The segment is 100% Asian manufacturers and heavily controlled by Hyundai-Kia, which increase their combined share to 65,7% in 2015. The Kia Sorento is the new leader of the segment with sales up 76% to take more than a third of the segment total sales in Europe, helped by the new generation launched last year. It leapfrogs the Hyundai Santa Fe which has led the segment for the three previous years. Together, the couple has taken the two top spots of the segment for 7 years in a row now.
The Mid-sized SUV segment grew by 9% compared to the Q1-Q3 period in 2014, faster than the car market overall (5% growth). [Read more…]
You know the feeling when you’ve worked on something for a while, and then the end result is really great? At first you’re happy with how it all turned out, and you’re looking forward to all the accolade you’ll receive. But then it dawns on you that, before long, others will probably copy your good solution because, hey, if it works why not copy it? That is what I imagine Jeep felt like when it put the finishing touches on the Mk IV Grand Cherokee. [Read more…]
The large SUV segment in Europe keeps recovering from their years of declines with sales up 33% in Q3 and 30% so far in 2015. Two thirds of the increase is thanks to a single model: the new generation Kia Sorento, which manages to topple its corporate sibling Hyundai Santa Fe from the top spot of the segment for the first time in 4 years. Behind these two South-Korean models which take two thirds of the segment volume, the Toyota Land Cruiser in under fire from the Mitsubishi Pajero, which had already taken third place in Q1 but lost it to the Land Cruiser in Q2. In Q3, the Pajero was the best seller of the two, but not enough to overtake its rival. [Read more…]
The Mid-sized SUV segment grew by 14% year-on-year, slightly faster than the average growth rate of 12% for all non-premium SUVs and a lot faster than the market as a whole (4%). Interestingly, this growth can’t really be attributed to any particularly new model (sales of most newest models actually did not grow that quickly), it is more a factor of practically all models gaining across the board.
The Ford Explorer is the segment leader by a wide margin, selling more than 50% more cars than the second most popular model. The really surprising thing is that its sales grew by 17% even though the new, facelifted model was about to go on sale in the summer 2015 – possibly dealers were offering big discounts to make space for the new model. Also, one has to keep in mind that some of those sales go to the Police, for which the Explorer is the main vehicle in the US, but that is only around 12k units per half-a-year period.
Sales of large SUVs in Europe are rebounding from a year-long decline, with sales up 28% in the first half of 2015. Only one of the 6 carryover models shows a decrease, the others are all enjoying double digit growth. The Hyundai Santa Fe is under threat from its family member Kia Sorento, thanks to that model’s all-new generation. The Sorento already outsold the Santa Fe in April and June and its 70% year-over-year increase compared to the outgoing model places it less than 10% off the segment pole position, even with the Santa Fe adding a still impressive 37%. The Korean siblings are the two fastest growing models in the segment, and together they held a whopping 71% share of the large SUV class in Q2, up from 66% in Q1 and 58% last year. [Read more…]