Tuesday, March 11, 2014

Cain’s Segments: Midsize Sedans

TTAC_midsize-car-sales-chart-February-2014

By stealing the Toyota Camry's best-selling midsize car crown, albeit likely on a temporary basis, the Nissan Altima ended February 2014 as America's best-selling car overall. The Altima's lead was also substantial enough last month to make the midsize Nissan America's leading car year-to-date.

It's early. But the Altima's trend is a good one. Year-over-year volume has increased in each of the last four months while rising nine times in the last eleven months. As Versa sales have fallen harshly – it's still America's leading subcompact – and the Sentra continues to play in the second tier of popular compacts, the Altima's responsibility to produce big volume for the Nissan car lineup becomes more essential. Three out of every ten Nissans sold in the United States in February 2014 were Altimas.

By one standard of measurement, this means the Altima was far more important to Nissan than the Camry was to Toyota, where only 21% of the brand's sales were midsize-car-derived. Camry volume decreased in February, the eighth such decline in the last year. To suggest there was some great gap between the Altima and camry in February would be to ignore the actual numbers. Per selling day, Toyota sold 1208 Camrys; Nissan sold 1285 Altimas.

Moreover, the Camry's 7.3% drop was par for the midsize course in February. Segment-wide sales slid 6.3% – 6.6% if you discount the more premium-oriented Buick Regal and Volkswagen CC – as the auto industry as a whole levelled off and consumers flocked to entry-level crossovers. From the soon-to-disappear Dodge Avenger and the all-but-disappeared Mitsubishi Galant to high-volume players like the Camry, Honda Accord, Ford Fusion, Hyundai Sonata, and Kia Optima, midsize cars were down.

Volkswagen Passat sales slid 7%. The Subaru Legacy, entering a replacement phase but anything but popular, was down 31%. Help from the Mazda 6 is of little consequence. Mazda's 46% increase translated into just 1243 extra sales. Mazda sold one 6 for every two Dodge Avengers sold in America last month. Fleet or retail, those figures prove the lauded 6's rarity.

According to Automotive News, car sales overall were down just under 6% in February. This isn't a midsize anomaly. But these midsize cars certainly play a large role in the passenger car market, as they were collectively responsible for 32% of the cars sold in the U.S. last month.

At Nissan, even fretting minds must be put at ease by the Altima's improvement, not just in terms of the nameplate's U.S. volume but the increased market share. Through the first two months of 2014, Nissan owns 16% of the midsize market as we've configured it here, up from 13% during the equivalent period one year ago.

Auto
Feb.
2014
Feb.
2013
%
Change
2 mos.
2014
2 mos.
2013
%
Change
Buick Regal
2200 1474 + 49.3% 3634 2479 + 46.6%
Chevrolet Malibu
17,448 14,817 + 17.8% 29,270 30,640 - 4.5%
Chrysler 200
12,046 11,446 + 5.2% 22,958 20,292 + 13.1%
Dodge Avenger
8189 9980 - 17.9% 12,984 19,608 - 33.8%
Ford Fusion
23,898 27,875 - 14.3% 44,615 50,274 - 11.3%
Honda Accord
24,622 27,999 - 12.1% 45,226 51,923 - 12.9%
Hyundai Sonata
11,190 16,007 - 30.1% 21,005 29,254 - 28.2%
Kia Optima
11,226 13,195 - 14.9% 21,205 24,447 - 13.3%
Mazda 6
3945 2702 + 46.0% 7117 4849 + 46.8%
Mitsubishi Galant
25 209 - 88.0% 42 433 - 90.3%
Nissan Altima
30,849 27,725 + 11.3% 53,364 49,189 + 8.5%
Subaru Legacy
2575 3745 - 31.2% 5310 6929 - 23.4%
Suzuki Kizashi
446 - 100% 732 - 100%
Toyota Camry
28,998 31,270 - 7.3% 52,330 63,167 - 17.2%
Volkswagen Passat
6997 7532 - 7.1% 13,233 16,388 - 19.3%
Volkswagen CC
964 1123 - 14.2% 1845 2315 - 20.3%
Total
185,172
197,545 - 6.3% 334,138 372,919 - 10.4%


from The Truth About Cars http://ift.tt/Jh8LjA

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