Luxury compact crossovers are a growing part of the market
In the luxury market, compact crossovers are the vehicles to sell, says Tom Libby, senior forecasting analyst at Polk. Though it remains a niche market at 1.15 percent of new-vehicle sales, registrations have grown almost fourfold since 2008. The number of models has grown from three in 2008 to eight now.
Two of the models, the Acura RDX and Audi Q5, are the top sellers for their makes as of May. Two others, the Land Rover Evoque and Volvo XC60, are runners-up. The other models are the Audi A4 Allroad, BMW X3, Land Rover LR2 and Mercedes Benz GLX.
The growth of this segment will be moderated somewhat, Libby said, by the planned introduction in the next two years of the even smaller subcompact crossovers such as the Mercedes GLA and Audi Q3. That category is expected to grow as well, as automakers work to meet the stricter fuel economy requirements.Download Bulletin PDF