Sales of sports cars in the US were down 2% in 2019 as this type of vehicle accounts for 1.6% of the total US car market with fewer than 270,000 deliveries, of which more than two thirds (67.4%, down from 70% in 2018) were one of the three American muscle cars Mustang, Challenger or Camaro. These three are in a continuous battle for the title of America’s best selling sports car and the Mustang has been in the lead since 2016 while the Challenger knocked down the Camaro to grab the #2 spot in 2018 and stayed there in 2019. Just the Chevrolet Corvette and the Hyundai Veloster manage more than 10,000 annual sales in the US with the rest all below that threshold. [Read more…]
Segment bounces back after years of decline on the back of BMW 8-series sales
Sales in the US Large Sports and Exotics segment rose by 7.8% to 21,983 in the first half of 2019, a strong rebound that may put an end to the decline the segment has been experiencing since 2014, including last year when sales fell by almost 20%. With the all-new Chevrolet Corvette looming large on the horizon the future of the segment [Read more…]
Sales in the US Large Sports and Exotics segment fell by 15.9% to 20,339 in the first half of 2018, with the sales decline reaching almost 25% in the second quarter alone. This time, excluding the segment-dominating Chevrolet Corvette does not change the picture that much, with sales of the remaining models still falling by 18%. Although [Read more…]
Chevy Corvette once again drags segment into the red, as sales of the Porsche 911 rise, while those of the McLaren 720S soarSales in the US Large Sports and Exotics segment fell by 8.8% to 10,275 in the first quarter of 2018, continuing on from the 7.0% sales decline in 2017. Once you exclude Chevrolet Corvette, which accounts for more than half the sales in the segment, the outlook is less bleak – sales of the remaining models rose by 6.4%. With outside [Read more…]
Chevrolet Corvette leads segment decline, despite Q4’17 sales surge from Porsche 911 and Mercedes-AMG GTSales in the sports large and exotics segment returned to growth in the fourth quarter (sales up 1.2% to 13,709), although overall sales in 2017 still fell by 7.0% to 51,278. Once you exclude Chevrolet Corvette, which accounts for more than half the sales in the segment, the outlook is much more rosy, with Q4’17 growth of 20.0% and a year-on-year [Read more…]
Sales collapse of segment-leading Chevy Corvette leads segment to unexpected Q3 sales dropSales of Large Sports Cars and Exotics suffered an unexpected collapse in the third quarter of the year – after declining by around 5% in the first two quarters of the year they fell by 23% in the third quarter. Time will tell if this is a sign of tough times ahead, or possibly a temporary correction after two strong quarters. The lack of new metal won’t help – while the new Lexus LC is proving a big hit with buyers, many of the segment stalwarts are rapidly moving past their “sell by” date (Mercedes-Benz SL, Maserati GranTurismo).
Lexus LC enjoys a strong market debut to rank fourth in Q2’17 standings, while Porsche 911 continues to lose salesSales of Large Sports Cars and Exotics fell by 2.6% in the second quarter of 2017, a slower pace of decline than the 10.4% registered in 2016, or the 5.5% registered in the first quarter of the year. Could this be a sign that the segment is going through a bit of a resurgence? As we previously mentioned, this segment had undergone a huge growth in years past, so the recent declines come from a heady height, and suggest the segment may simply be stabilizing at a sort of “good times” average size, before once again shrinking drastically when the next recession hits (such is the fate of a segment where most cars sell for well over $100,000).
Sales of Large Sports Cars and Exotics fell by 5.5% in the first quarter of 2017, following a 10.4% decline in 2016. Total volume in this segment stood at 11,370 in Q1. And there’s not a lot of product news expected this year, so the decline is expected to last throughout the year. Then again, keep in mind the segment peaked at over 60,000 sales in 2015, when it almost doubled up in just 3 years time, so small declines after such an impressive growth curve are nothing to be ashamed of, especially on the lack of product news, as mentioned. We do welcome two newcomers to the segment compared to Q1 of last year, but both are still at the bottom of the ranking: the second generation Acura NSX and the all-new Ford GT.
Sales in the Sports Large and Exotics segment fell by 10.4 percent in 2016 to 54,994, about a third lower than they were a decade ago. The segment’s prospects for 2017 are rather bleak: not only right now it seems that there will be no big new debuts in this segment in the coming year, the early indication is that customers are not very keen on the new, turbocharged iteration of one of the mainstays of the segment: Porsche 911.
Note: going forward, the segments Sports Large and Exotics have been merged, partly to align the US reporting with that for Europe, and partly because data for the old Exotic segment became very thin ever since sales estimates for the truly exotic brands (Aston Martin, Ferrari, Lamborghini) became unavailable.
Sales in the Large Sports segment kept level in the third quarter of 2016, which combined in the saled declines in the first two quarters resulted in a 13 percent fall in sales so far this year, making it the worst performing from among the Sports segments.