Compact SUVs Gain Popularity At Expense Of Midsize, Compact Cars

While compact SUVs are doing well in the showroom, their success comes at the expense of midsize and compact car sales.

In a report from Edmunds, 63 percent of compact SUV owners traded a midsize SUV, compact car or midsize sedan for a compact SUV like the Honda CR-V, Ford Escape and Nissan Rogue. Fourteen percent, meanwhile, traded like for like.

Either way, both groups have their reasons for choosing models from this segment:

Compact SUV popularity is truly a product story. They are a desirable size, but concede very little in efficiency and are comparably priced with models in other popular segments. They combine aspects of the market's best-selling and pragmatic segments — establishing a new middle.

The report says that transaction prices for compact SUVs are on par with midsize sedans, averaging $26,420 compared to the latter's $25,887 average. It adds that the popular segment is having an effect on dealer inventories as well, as midsize and compact cars take the longest to leave the lot; the aforementioned Rogue has 36 days-to-turn, while the Sentra takes 85 days to do the same.

The post Compact SUVs Gain Popularity At Expense Of Midsize, Compact Cars appeared first on The Truth About Cars.

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