Small cars on track to grab largest share of US auto market since 1993

Article by Anita Panait, on October 10, 2012

With carmakers from the U.S., Europe and Japan posting superb sales figures for their small cars, this sector is on its way to grab its largest share of the US vehicle market since 1993. Carmakers Chevrolet, Fiat, Volkswagen, Toyota and Honda all came up with excellent numbers in September that drove small cars to their best sales month in four years. Helped by high pump fuel prices as well as the entry of very outstanding compact and subcompact cars, the US car maker saw a 50-percent year-on-year increase in sales of small sedans, coupes and wagons in September. Nearly all carmakers posted huge figures in September for small models, which accounted for one in five sales for the first time in more than three years.

Toyota and Honda are still the top-sellers of small cars in the US, although local carmakers are steadily gaining on them. As proof, GM’s Chevrolet was the top-seller for the subcompact and compact segments in September with its Sonic and Cruze models. Ford sold more small cars than in any September in a decade while Chrysler’s Fiat brand logged a second straight monthly sales record.

Tom Libby, an analyst at R.L. Polk & Co, told Bloomberg in phone interview that small cars that were previously perceived as econo- boxes now feature equipment that’s also available in bigger, more expensive cars. Libby remarked that the current crop of small cars has everybody agreeing that they are “much better cars with more integrity than their predecessors."

If you liked the article, share on:

Comments

Recommended

The primary suggestion of a 4x4 ute from French company Peugeot was first revealed in 2016. Fifteen months later, the production version is launched. Now, Peugeot is not shying away...
by - June 24, 2017
The new Jaguar E-Pace crossover will soon hold its official launch on July 13 and is expected to arrive at the showrooms by early next year. It couldn’t have come...
by - June 24, 2017
As prices of the original Shelby Cobra have skyrocketed into astronomical proportions, there are firms like Superformance that serve replicas to consumers who demand the same levels of performance at...
by - June 24, 2017
New and improved 2018 Subaru Legacy comes packed with a number of upgraded features from the get go - from the exterior to the interior. And the company has finally...
by - June 23, 2017
In an interview involving Lamborghini CEO Stefano Domenicali and Automotive News, the topic about the Urus was thoroughly discussed. This super SUV is scheduled to make its debut later this...
by - June 23, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries