Global Sales Of Sedans, Wagons And Hatchbacks Lose Further Ground To SUVs

As customer tastes continue shifting towards crossovers and SUVs of each size and price conceivable, most automakers have expanded their automobile portfolios handling a large number of segments with various proposals.

This has caused a reduction in demand for station wagons, sedans and hatchbacks, sealing the fate of nameplates. According to data released by Jato Dynamics, last year , sales of what was considered ‘traditional’ cars have been down worldwide.

See Also: There’s A Recession In Global Car Sales And It Shows Little Signs Of Abating

Sedans that used to hold a 24 percent market share in 2018, dropped to 23 percent last year, from 20.26 into 18.88 million components. The VW Group holds 18% of the category, followed by Toyota with 13 percent, Hyundai-Kia with 11 percent and Renault-Nissan with 10 percentage.

With 51 percent of new automobile registrations, China stays the largest global market for sedans, while the USA and Canada follow along with 22 percent. Latin America and Europe hold 6 percent each.

What could manufacturers do to continue to appeal using saloons to car buyers that are new? The answer varies from company to company, so although Tesla would like to win them over using electrification, others, like VW and Kia, see the so-called four-door coupes (Arteon and Stinger) as a possible alternative (spoiler alert; it hasn’t labored thus far).

Hatchbacks harbor ’t already been doing either, since they lost 1 percent of the market share, dropping from 12% in 2018 to 11 percent last year. Sales of 3 – and – five-door subcompact and compact models dropped from 10.45 million into 9.25 million in 1 year. Hatchbacks stay popular in Europe, which retains 50% of international sales in the segment in 4.6 million components, although demand decreased by 7 percent more than 2018. The second biggest market for hatchbacks has been Latin America, with 1.2 million units, down by 11 percent, whereas China was the third economy in with 717,000 unitsdown by 36 percent.

In these two segments, the Volkswagen Group retains the high ground, with 21 percent, while Renault-Nissan has 14 percentage, Toyota contains 12 percentage and PSA 11 percent of the market. .

“The decrease in popularity around Europe and Latin America appeared as hatchbacks increased in dimension,” says Jato. “The bigger they became, the functional and manoeuvrable they became more. This growth in size put them at precisely exactly the identical playing field as SUVs, which have been on a mission to significantly decrease their size. ”

Station eagon revenue

Station wagons have lost ground to crossovers and SUVs, as a result of their sanity, says Jato. Much Europe is still the largest core market for diversification, which retained 70 percent of this quantity.

Article Source and Credit carscoops.com https://www.carscoops.com/2020/03/global-sales-of-sedans-wagons-and-hatchbacks-lose-further-ground-to-suvs/ Buy Tickets for every event – Sports, Concerts, Festivals and more buytickets.com