The full-sized SUV segment in the US grew 5% in 2019 to return to above half a million annual sales for the first time since 2007. This segment takes 3% of the total US car market, up from 2.8% in 2018. Over half of all sales in this class (including luxury SUVs) are for a General Motors product (52.3% market share), despite having one of the oldest line-ups in the segment. A new generation of the GM products was launched early 2020 and should bring them closer to the competition in terms of technology. Especially in the non-luxury part of this class, fleet sales to government, large businesses and rental companies are a very important market for this type of vehicle, which makes price more important than ride quality, handling and refinement. [Read more…]
- Segment down 23% YTD, one third of its share of the European new car market, now down to just 0,2% at 27.600 sales. All models lose volume, all but one by double digits.
- Sales of the Kia Sorento, Hyundai Santa Fe and Ford Edge split by just 18 units in Q3 and just 38 sales YTD
- The two South Korean models both outperform the segment and Hyundai-Kia increases its share by 7,1 percentage points to 50,4%
- Toyota Land Cruiser also outperforms the segment at -14%
- Mitsubishi Pajero biggest loser of the segment at -87% to just 515 sales YTD, just 5 deliveries in September.
Sales of large SUVs in Europe have been in a downward trend in recent years and that trend continues in the first half of 2019 with a decline of 23% in deliveries as this remains the smallest segment of the European car market with fewer than 19.000 sales in the first six months of the year. Interestingly, this same segment is one of the largest in the United States representing over 12% of the total market with just over one million sales in the first half, compared to just 0,2% of the European market. After every single nameplate in this class lost volume in Q1 of 2019, there’s one model that showed an improvement in Q2, while all the others were down by double digits. The top-3 has been turned upside down in Q2 but not enough to change the ranking for the first half. In the second quarter the new generation Hyundai Santa Fe was outsold by its sibling model Kia Sorento while the Ford Edge took the lead. As a result, the Edge is just one sale behind the Sorento in third place, with the Santa Fe ahead by just another 22 sales. A close race indeed! Hyundai-Kia now holds just under half of this segment and Ford another quarter.
Segment sales rise quickly on the back of good Ford Expedition and GMC Yukon sales growth
Sales in the US Large SUV segment rose by 19.2% to 186,534 in the first half of 2019, a marked acceleration on the 4.6% sales growth the segment experienced in 2018. With the new Ford Expedition still in the growth phase, and the new Chevrolet and GMC models sure to debut before the end of the year, it looks like the segment’s [Read more…]
Sales of large SUVs in Europe have been in a downward trend in recent years and that trend continues in the first quarter of 2019 with a decline of 27% in deliveries as this remains the smallest segment of the European car market with fewer than 10.000 sales in the first three months of the year. Interestingly, this same segment is one of the largest in the United States representing over 12% of the total market with just over 500.000 sales in the first quarter, compared to just 0,2% of the European market. Every single nameplate in this class loses volume in Q1 of 2019 and four out of six are down by double digits with the remaining two down by single digits, both helped by recent model updates. The top-3 has been turned upside down with the new generation Hyundai Santa Fe reclaiming the top spot it last held in 2016, even though its sales are still down by 6%. The Santa Fe improves its share of the segment to 26,1% but its sibling Kia Sorento is still very close behind in second place despite losing more than a quarter of its sales. Hyundai-Kia now holds more than half of this segment as the 2017 leader Ford Edge sees its sales plummet by more than a third. The recently facelifted Toyota Land Cruiser gains share as its deliveries are down by just 9%, while the SsangYong Rexton is already down 30% despite still being the second freshest model in the class. The Mitsubishi Pajero (Montero in Spain, Shogun in the UK and Ireland) is down 78% after struggling with the new WLTP standards.
The large SUV segment is one of the smallest in Europe with fewer than 43.000 sales in 2018, down 20% on the year before. Compare that to the US where over 2 million of these vehicles were sold last year, up 3,4%.The entire top-3 loses share and the segment best seller barely managed to sell over 10.000 units last year. Unlike the midsized crossover segment, where some models are also available as 7-seaters, there are not a lot of new entrants to this segment in Europe, but brands are actually withdrawing their slow selling models, like Nissan which no longer sells the Murano and Pathfinder and Mazda which never really sold the CX-9 in significant quantities, as opposed to the US. The latest newcomer is the Ford Edge in 2016, but after storming to the top of the ranking in its first full year of sales, we have a change of leadership for the fourth consecutive year, as the Kia Sorento reclaims the top spot that the Ford Edge stole from the Hyundai Santa Fe just one year before.
Rising Ford Expedition sales lift the segment into the black, while the Nissan Armada loses steam
Sales in the US Large SUV segment rose by 4.6% to 358,118 in 2018, a return to growth after the small decline in sales the segment experienced in 2017. However, while the total number of cars sold in the segment was the highest it has been since 2008, it still was less than half of the record the segment set in 2001, when more than 750,000 [Read more…]
Ford Expedition sales growth continues to underwhelm, as segment returns to healthy double-digit growth
Sales in the US Large SUV segment rose by 9.3% to 171,647 in the first half of 2018, thanks in large part to a 13.0% growth in the second quarter of 2018. This means that after shrinking slightly in 2017 the segment seems to have well-and-truly returned to growth, and may yet post the best figure since 2007 this year. However, even if it [Read more…]
Chevy and GMC’s twins’ fortunes diverge, as Ford Expedition and Nissan Armada see fast sales growth
Sales in the US Large SUV segment rose by 5.8% to 85,245 in the first quarter of 2018, returning the segment to growth after a small decline in 2017. With the still-new Nissan Armada and the all-new Ford Expedition picking up more sales the segment could grow slowly in 2018, although the really big growth may have to wait until Chevrolet and [Read more…]
The large SUV segment is one of the smallest in Europe with fewer than 53.000 sales in 2017, down 4%. Compare that to the US where almost 2 million of these vehicles were sold last year, up 9,4% and surpassing sales of midsized sedans for the first time. Unlike the midsized crossover segment, where some models are also available as 7-seaters, there are not a lot of new entrants to this segment in Europe, but brands are actually withdrawing their slow selling models, like Nissan which no longer sells the Murano and Pathfinder and Mazda which never really sold the CX-9 in significant quantities, as opposed to the US. Then again, Ford entered the segment in 2016 by bringing the Edge over from the States. And while absolute volume remains relatively low (16.000 in Europe vs. nearly 143.000 in the US), it has quickly become the segment leader with more than 30% share. However, the Edge was already down 31% in the last quarter when the segment as a whole lost 25% as the entire top-5 lost by double digits. Only the low-volume SsangYong Rexton gained volume thanks to the all-new generation now available in Europe. [Read more…]