GM's share of America's subcompact segment fell below 10% in the first-quarter of 2015 as Chevrolet Sonic volume tumbled 53%, year-over-year.
As a whole, the subcompact category is in decline in early 2015, but a large part of the category's 9% drop can be attributed to the Sonic. Sales of the Sonic decreased by nearly 13,000 units over the last three months.
The Sonic ranked as the second-best-selling subcompact in the United States through the first three months of 2014, a position it held at this stage of 2013 and in each of the last three calendar years.
But through the first three months of 2015, the Sonic is America's fifth-best-selling subcompact, 25,683 sales back of the top-selling Nissan Versa, a vehicle it trailed by fewer than 11,000 units at this stage in 2014.
In 2014's first-quarter, the Sonic's market share climbed to 19% thanks to a 4124-unit improvement year-over-year. A market share drop of nearly ten percentage points just one year later is a shock to GM's small car system.
Chevrolet Spark sales are down 5% this year. Chevrolet Cruze volume is off by 7%. Overall Chevrolet car sales are down 17%. Likewise, General Motors car volume in the U.S. is down 17%, a 45,487-unit deficit (year-over-year) that's been erased by a 21% surge in light trucks, including a 48,046-unit increase among pickup trucks.
GM has known for quite some time that demand for the Sonic was way below previous expectations. Automotive News reported three months ago that Sonic production at the Orion plant in Michigan would be suspended to clear out a Sonic glut.
But it's taking a while. At the beginning of this month, GM had a 160-day supply of Sonics. That's well down from the 258-day supply one month earlier, but still well in excess of the 59-day average across the industry.
Meanwhile, the Sonic isn't the only subcompact suffering from a downturn. The aging Ford Fiesta is down 22% this year. Kia Rio volume has plunged 37%. The Mazda 2, in a replacement phase, is down 94%. But none of those holes are as large as the one left by the dramatically less popular Sonic, without which the subcompact category would be up 1% in early 2015.
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 Chevrolet Sonic's U.S. Subcompact Market Share Is Plunging – Started Near The Top Now It's Here appeared first on The Truth About Cars.
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