The midsized premium SUV segment in Europe continues its steady growth in the first quarter of 2019 with a 5% increase to nearly 143.000 sales. In the top-10, only three nameplates improve their sales, helped by model updates. The segment leader Mercedes-Benz GLC loses ground with an 11% loss, which means it loses 2,8 percentage points of share and is now fewer than 1.500 sales ahead of both the #2 and the #3. The BMW X3 storms to second place with sales more than doubling thanks to the new generation. The X3 is looking to claim the top spot of the segment for the first time since 2013. Former leader Volvo XC60 is now down to 3rd place with sales stable on last year. It’s still in the running to reclaim the segment crown it held from 2014 till 2016, but the momentum is now with the X3. The XC60 has a take rate of 22% for the plug-in hybrid version, but the German brands are launching their full electric crossovers this year, with the Mercedes-Benz EQC, the BMW iX3 and the slightly larger Audi e-Tron, to which Volvo does not yet have an answer. The Audi Q5 is down to 4th place at a distance to the top-3 as it saw its sales decline by 18% in the first quarter. [Read more…]
Sales of midsized premium SUVs in Europe continue to grow in 2018, but at a lower rate than before. After four consecutive years of double digit growth, of which the last three years showed at least 20% growth, the segment was up “only” 5% in 2018. This still means that for the first time ever, over half a million luxury midsized crossovers were sold in Europe. And after claiming the segment lead last year, the Mercedes-Benz GLC consolidates its lead with a 13% gain to over 125.000 sales, almost one in every four sales in this segment. Please note that these figures include sales of the GLC Coupe, but even without those the GLC would easily top the ranking. Just imagine the sales volume (and turnover) Mercedes-Benz has missed by completely failing with the design of its predecessor GLK, which peaked at just 33.000 sales and 15% of the segment in 2012. The Volvo XC60 is down 19% in the first full year of sales for the new generation, and this is mostly due to the strong finish of the previous generation, which even continued to be sold alongside the new model in its home market Sweden. Despite sales back to its 2016 level but its market share thawed to the lowest in at least 7 years, the XC60 still holds on to its #2 spot ahead of the Audi Q5, which sees stable sales in 2018, as it also did in 2017. The Q5 has been around 70.000 annual sales for three years now, even during the changeover to the next generation and last year’s introduction of the WLTP fuel efficiency testing procedures, which meant some versions of the Q5 (and many other models) could no longer be sold after September 1st, 2018.
BMW X2 and Volvo XC40 gain great traction in market, while E-Pace struggles
Sales in the US Premium Compact SUV segment rose by 23.7% to 70,770 in the first half of 2018, thanks to a remarkable 42.5% growth in the second quarter of the year. With the new BMW X2, Jaguar E-Pace and Volvo XC40 beginning to stretch their legs sales-wise, the second-generation Audi Q3 and Lexus UX arriving imminently, [Read more…]
Mini Countryman soars, Infiniti QX30 stumbles, as Volvo XC40 heads fellow freshmen BMW X2 and Jaguar E-Type
Sales in the US Premium Compact SUV segment rose by 7,2% to 32,476 in the first quarter of 2018, a significant slowdown from the 18.2% growth the segment achieved in 2017. With the new BMW X2, Jaguar E-Pace and Volvo XC40 only just having entered the market, and the new Mini Countryman still stretching its legs sales-wise, the [Read more…]
Just yesterday Volvo finally took the wraps off its latest model, the new XC40. Aimed squarely at the premium compact SUV market, and models like the Audi Q3, BMW X1, Mercedes-Benz GLA and Range Rover Evoque, the XC40 is the first all-new model line the Swedish automarker has introduced since it launched the XC60 in 2008. Seeing as the XC60 did rather well in the European (figures) and US (figures) markets, the question on everyone’s minds is: has Volvo done it again?
Today Volvo unveiled two new concept cars that are, as US vice-president Joe Biden would put it, a “big f’ing deal” for the carmaker. Called the Concept 40.1 and Concept 40.2, the cars preview not only a new range of Volvo small cars, including its first compact crossover, but also a new platform that’s the result of collaboration with Chinese owner Geely.