Sales in the Premium Large SUV segment rose by 8.7 percent in 2016 to 616,093, allowing the segment to retain a healthy margin ahead of the Premium Mid-sized SUV segment. The growth figure becomes an even-more-impressive 10.0 percent with the inclusion of the Tesla Model X, which is listed in the Alternative Power segment – impressive in this era of downsizing. The popularity of this segment is borne out in the sheer number of models offered by manufacturers: with a total of 25 models following the introduction of Maserati Levante and Bentley Bentayga, this segment is now one of the most populous. 2017 will see the introduction of the newest versions of the BMW X5, Mercedes-Benz GLE and Porsche Cayenne, as well as the new Land Rover Discovery which should reintroduce the Discovery name in the US.
Sales in the Premium Large SUV segment rose by 11 percent in the third quarter of 2016, one percent faster than in the first two quarters of 2016. When you include Tesla Model X, which technically belongs in the Alternative Power segment, that rate of growth rises to 13 percent YTD – impressive in this era of downsizing. Moreover, the popularity of the segment is borne out in the sheer number of models offered by manufacturers: with a total of 24 models following the introduction of Maserati Levante and Bentley Bentayga, this segment is now one of the most populous.
The Large Premium SUV segment in the US has picked up its growth in the fourth quarter of 2015, as it finishes the year with an 8.2% increase over 2014, totaling 557,982 sales. Only 4 models of the 22 that are continued in this segment lose volume, while 8 enjoy sales records. The traditional leader of the segment, the Lexus RX is due for a new generation, but manages to keep its sales relatively stable at just -6%. In 2016 the redesigned RX will undoubtedly break its 2005 record of 108,775 US sales. The second place of the Acura MDX is under fire as the Japanese #2 loses 11% while the BMW X5 in third place improves an impressive 17% to come within 3.300 sales of the MDX. This is the second consecutive year that the X5 breaks its US volume record for the 17 years it’s been sold here. [Read more…]
The Large Premium SUV segment grew by 3% in Q3, and 6% since the beginning of the year, compared to the respective periods in 2014. This makes it the slowest-growing SUV segment bar the non-premium Large SUV segment, suggesting that consumers are slowly but surely moving to smaller SUVs and crossovers. [Read more…]