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Industry: Email Alert RSS FeedIndustry Statistics - sales of small cares in the US market by company and model - Brief Article - Statistical Data Included
Automotive Industries, July, 2000 by Ray Windecker
BASIC SMALL CARS: UNDERAPPRECIATED, YET POTENT
In this, the automotive age of bigger-is-better and the higher-the-price-the-better-they-sell, basic small cars are under appreciated. But they continue as a potent automotive force.
The basic small-car brands cover a wide variety of vehicles moving up from skinny-tired econobox sedans selling for less than $10,000 to fully optioned convertibles on the far side of $20,000. They account for slightly more than one of every four cars sold in the United States. As of May, they are up 9 percent from a year ago, exceeding the total car/truck industry growth rate of 7 percent. Basic small cars are on a 2.35 million sales track for the 2000 calendar year, second in car sales only to the mainstream midsize segment.
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General Motors -- fielding Cavalier, Prizm, Metro, Saturn and Sunfire -- is the softening volume leader. Ford holds second place on the strength of the new Focus. Honda, relying only on the Civic, outsells Toyota's Corolla and Echo pair and DaimlerChrysler rounds out the top five on the combined efforts of the Neons.
The top five carline volume list begins with Civic, the current champ, at 136,700 sales through May. Newer often helps, bringing the Focus in second at 121,900 and growing. Toyota's Corolla holds third at 104,500, followed by the Cavalier's 96,400, and the combined Neons 81,000. For those who do not combine Neons, put Saturn in fifth place at 79,000.
The numbers underline two methods for increasing sales -- new product such as the Ford Focus, Toyota Echo and Volkswagen New Beetle, or vehicles priced at Korean exchange rates. The Koreans are today where the VW Beetle was in the 1950s, battling an unknown durability image but priced cheaper than any competitor.
Price is a factor in this segment, yet price is relative. The Koreans, on average, offer more hardware and warranty per dollar than do the more established brands. Yet their lowest-priced offerings are not high on the wish list of either their dealers or retail buyers. The pattern holds with some of Japanese automakers. Suzuki's Swift, one of the few models starting under $10,000, attracts less than one in five of Suzuki's customers.
To many consumers, frugality is a virtue but is not to be overdone. Small and less pricey may be a lure to millions of buyers, but being really cheap is out. Automatic transmissions rule most brands, electric windows save tennis elbows from strain and the latest downloaded CD caresses the ears of both occupants and bystanders. Small is in -- cheap is out.
-- Ray Windecker, American Autodatum
CORPORATE SALES OF BASIC SMALL-CAR BRANDS
January-May 2000 Company Sales % Change General Motors 254,200 -14 Ford 173,400 30.9 Honda 136,700 5 Toyota 125,900 19.9 DaimlerChrysler 81,000 -2.1 Volkswagen 51,400 17.6 Kia 31,400 3.3 Hyundai 28,400 80.1 Mazda 25,300 -5.4 Nissan 24,100 -13.4 Mitsubishi 22,500 7.7 Daewoo 8,700 282.5 Suzuki 8,600 40 Subaru 7,800 17.8 The Top Sellers 1. Honda Civic 136,600 5.5 2. Ford Focus 121,800 n/a 3. Toyota Corolla 104,500 -0.5 4. Chevrolet Cavalier 96,400 -24.4 5. Saturn S-Series 79,600 -14.6 6. Dodge Neon 55,100 11.0 7. Ford Escort 48,900 -59.7 8. Pontiac Sunfire 36,500 -9.7 9. Volkswagen New Beetle 34,700 6.7 10. Kia Sephia 31,300 3.3 11. Hyundai Accent 28,400 80.1 12. Plymouth Neon 25,800 -21.8 13. Mazda Protege 25,300 -5.4 14. Nissan Sentra 24,100 -13.4 15. Chevrolet Prizm 22,800 9.7 16. Mitsubishi Mirage 22,500 7.7 17. Toyota Echo 21,400 n/a 18. Chevrolet Metro 18,700 44.5 19. Volkswagen Golf 9,600 30.1 20. Daewoo Lanos 8,700 282.5 21. Subaru Impreza 7,800 17.8 22. Volkswagen Cabrio 7,000 87.7 23. Suzuki Swift 1,300 50.6
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