The subcompact car segment in the United States saw a decline of 6% in sales in 2019, as it now holds just 2% of the overall car market and 7.3% of the overall market for sedans. The class leader Kia Soul consolidates its position as it moves with the segment at -6% while its closest rival Nissan Versa is down by double that at -12% as it’s preparing for a new model generation. The Ford Fiesta, in its last full year on the North American market, shows a 16% gain as dealers are discounting to move them off their lots. [Read more…]
Subcompact segment returns to black on the back of rejuvenated Fiesta sales
Sales in the US Subcompact segment rose by 4.3% in the first half of 2019, raising hopes that the segment will arrest its decline, where its sales have almost halved between 2016 and 2018. However, with no new entrants on the horizon and with many manufacturers debating on whether to even replace their current models (Ford will not [Read more…]
Segment posts a decline of over 20% for the second consecutive year of 20% plus decline
Sales in the US Subcompact segment fell by 20.7% to 374,518 in 2018, making it the second year in a row that the segment has lost more than 20% of sales. As a result, total sales are now 43% lower than their 2014 peak. Moreover, with no new entrants on the horizon and with many manufacturers debating on whether to even replace [Read more…]
Kia Rio is the only model to see its sales rise, as segment once again shrinks by almost 20%
Sales in the US Subcompact segment fell by 18.6% to 203,930 in the first half of 2018, with the segment posting almost identical growth in the second quarter as in the first. With only two models posting positive growth and only two new models on the immediate horizon (the already-revealed new Hyundai Accent, and the Kia Soul), it looks likely [Read more…]
Sales of all models fall as segment dips below 100,000 for the first time in over a decade
Sales in the Subcompact segment fell by 18.7% to 99,099 in the first quarter of 2018, declining below the 100,000 level for the first time in over a decade. Given this rate of decline, it is far from clear whether the already-revealed new Hyundai Accent and Kia Rio, or the incoming Kia Soul, will be enough to inject enough new vigor into a segment [Read more…]
Sales in the US subcompact segment fell by 23.0% to 104,268 in the fourth quarter of 2017, getting dangerously close to 100,000, a level above which sales have been every quarter in the last decade. For 2017 as a whole, the segment shrank by 20.7% to 480,998, the steepest decline from among all mainstream segments. However, there may be [Read more…]
Sales in the subcompact segment in the United States continued falling in the third quarter of 2017, dropping from just under half a million in 2016 to 376,213 in the first three quarters of 2017, which is less than the number of minivans sold over the same period. The decline has been pretty consistent so far this year, with the rate of decline ranging between 15% and 25% over the three quarters, and suggests customers are eschewing this segment in favor of subcompact SUVs. It will be interesting whether the new Ford Fiesta, Hyundai Accent and Kia Rio will be able to turn this around once they hit the market, but given the disappointing performance of the new Honda Fit the signs are not very promising.
Sales of subcompact cars rebounded slightly in the fourth quarter of 2016, growing by 2 percent relative to Q4’15, allowing the segment to cut the annual fall in sales to 3 percent. This is a very respectable performance for a segment where most cars are older designs, either in the second half of their life-cycle (Nissan Versa, Toyota Yaris) or about to be replaced (Chevrolet Sonic, Ford Fiesta, Hyundai Accent and Kia Rio). And while the segment still only sells less than a third of what the Compact segment manages, 2016 is notable as the first time that the Subcompact segment outsold the Minivan segment over the course of a year.