Thursday, March 19, 2015

Cain’s Segments: Full-Size SUV Sales In America – February 2015 YTD

2015 GMC Yukon XL SLTSales of full-size, body-on-frame, pickup truck-based SUVs from volume brands are up 58% through the first two months of 2015.

The Chevrolet Suburban and Tahoe, GMC Yukon and Yukon XL, Ford Expedition, Nissan Armada, and Toyota Sequoia produced 41,557 sales in January and February, or about the same number as the Toyota RAV4, America's second-best-selling SUV/CUV. RAV4 sales are up 25%, year-over-year.

Part of the reason for the large SUV segment's impressive uptick relates to early 2014's severe downturn. With GM's new quartet still in the on-deck circle, sales of these same seven SUVs tumbled 17% in the first two months of last year.

GM SUV/truck sales chartNevertheless, the category is on track to easily top the 300,000-unit mark in 2015 for the first time since 2008, when 13% of the segment's sales were generated by discontinued (Aspen, Borrego) or totally altered (unibody Durango) participants.

But even with vastly improved volume, these big brutes continue to operate in a far-flung corner of the industry. From a market share perspective, they combined to bring in only 1.7% of all new vehicle sales in the first two months of 2015. That's way up from the 1.2% they achieved at this time last year, but it's down slightly from the 1.8% mustered in calendar year 2014. It's on par with 2013 year-end results, up from the 1.6% share they collected in 2012, and less than half the market share they collected a decade ago, in 2005.

Auto
Feb. 2015
Feb. 2014
% Change
2 mos. 2015
2 mos. 2014
% Change
Chevrolet Suburban
4,436 2,035 118% 8,566 3,740 129%
Chevrolet Tahoe
7,410 4,961 49.4% 14,017 8,475 65.4%
Ford Expedition
3,277 2,830 15.8% 5,737 4,969 15.5%
GMC Yukon
2,796 1,949 43.5% 5,445 3,236 68.3%
GMC Yukon XL
2,048 1,110 84.5% 4,013 1,975 103%
Nissan Armada
990 1,099 -9.9% 2,019 2,128 -5.1%
Toyota Sequoia
856 980 -12.7% 1,760 1,767 -0.4%
Total
21,813
14,964 45.8% 41,557 26,290 58.1%

Moreover, 2005's 4.1% share marked a sharp drop from the 5.1% achieved one year earlier and the 5.3% figure from 2003.

Times have most definitely changed. There is a huge amount of competition from luxury-branded three-row crossovers with similar price tags, an image that contains a certain degree of wastefulness (regardless of whether the owners are poseurs or RV haulers), and a greater tendency to view crew cab pickup trucks as the more appropriate all-around vehicle.

Does that mean GM is unhappy with adding 32,041 Suburban, Tahoe, Yukon, and Yukon XL sales (and another 5141 Escalade and Escalade ESV sales) to the 109,279 Silverado and Sierra sales they managed in the first two months of 2015? Most definitely not.

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 Cain's Segments: Full-Size SUV Sales In America – February 2015 YTD appeared first on The Truth About Cars.



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

IFTTT

Put the internet to work for you.

Delete or edit this Recipe

No comments:

Post a Comment

Archive