Compact SUV sales growing at the expense of cars Edmunds
Itês not news that compact utility sales are growing steadily. Whatês interesting is that they are not additional sales even though overall sales are growing but are cutting into midsize and compact car sales, according to Edmunds.com. Those segmentsê market share has hit an eight-year low.
At dealerships, midsize and compact cars have the longest days-to-turn numbers on record for those segments. Many compact SUVs sell much faster than their brandsê compact car counterparts for example, 31 days for the Toyota RAV4 vs. 48 days for the Corolla.
Compact SUVs, says Edmunds, are a desirable size but are still efficient and comparably priced with other popular models. Their mpg has risen 21 percent in the past decade to a combined 25.6 mpg for 2015 models.
Many buyers trade in another model for a compact SUV. Only 14 percent of those buying a compact SUV with a trade-in had a compact SUV as their trade-in. Most trade-ins for compact SUVs come from midsize SUVs or compact or midsize cars.Download Bulletin PDF