American Honda reported the Fit's best October ever last month. At 6851 U.S. sales, Fit volume was up 83% year-over-year to the highest total since April 2011, when Fit sales shot up 73% to 8116.
The new Fit, the third version of Honda's sub-Civic car for North America has certainly been well-received early on in its tenure. With Honda sales rising to the highest October level ever and a new Mexican-built version of the brand's least costly car finally readily available, seeing the Fit rise to new heights was not an unexpected occurrence.
It's no E-Type on the outside, but the Fit's purposeful design pays dividends inside for owners and even passengers. It is in some ways a mini-MPV with a very monobox shape. It's not conventional, but its flexibility makes it strangely desirable as a result. Honda's share of the subcompact category grew to 17.8% in October 2014, up from 10.8% a year ago and 10.6% in calendar year 2013 as a whole. It's worth noting, as well, that the Fit is available only as a hatchback, while the four other members of the subcompact category's October top five are sold as hatchbacks and sedans.
It's also worth noting that the category continues to be controlled in large part by the cheap-and-roomy Nissan Versa, sales of which improved 29% in October 2014 to 11,097 units, 28.8% of the segment's total.
With a higher price tag and fewer build options, it's hard to see the Fit unseating the Versa any time soon, even on a semi-long-term basis.
Added competition may pose the greater danger to the Fit over the next few years, however. And we don't mean competition from more subcompact hatchbacks. While Nissan Canada has seen Versa sales tumble 43% over the last three months as the Micra slotted in below and stole sales (and added many more), Honda will challenge their own Fit and Civic with the new HR-V, set to be displayed in detail at the Los Angeles auto show this week.
It's a long-running theme. America's new vehicle market is expanding at a 5.5% clip in 2014, and while subcompact sales shot up 11.5% in the month of October, specifically, subcompact volume is up just 3.4% this year. That outpaces the overall passenger car market, which is up just 1.2%. But combined sales of the Buick Encore, Mini Countryman and Paceman, Mitsubishi Outlander Sport, Nissan Juke, and Subaru XV Crosstrek are up 28.2% to a combined 181,370 units. Sure, as a group they're not as popular as subcompact cars – they're certainly more costly, too. Yet their growth does represent a real turning of the tide.
Back in the here and now, Detroit subcompacts, in the form of the Chevrolet Sonic and Ford Fiesta, have earned 31% market share in 2014. Sales of the Hyundai Accent rose 34% to 4839 in October and are up 5% this year; Kia Rio volume was down 12% both in October and through the first ten months. Combined Prius C/Yaris sales are down 19% in Toyota showrooms in 2014. Mazda 2 sales have increased 34% in advance of the next 2's arrival, but October volume plunged 38% to just 457 units.
Meanwhile, America's four top-selling compacts – Corolla, Civic, Cruze, Focus – combine to outsell the whole subcompact category by more than two-to-one.
Timothy Cain is the founder of GoodCarBadCar.net, which obsesses over the free and frequent publication of U.S. and Canadian auto sales figures.
The post Versa Still Rules Roost As Fit Sales Reach 42-Month High In October appeared first on The Truth About Cars.
from The Truth About Cars http://ift.tt/Jh8LjA
Put the internet to work for you.
No comments:
Post a Comment