Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
#1
Registered User
Thread Starter
Join Date: Jan 2001
Location: Fairfax Station, VA. Formally Long Island :(
Posts: 1,398
Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
I still prefer some "meat" on my cars. I don't feel safe driving smaller vehicles for some reason. I am not going to buy a Hummer, but I like the heft my GTO has and it has the power to back it up.
http://www.dailytech.com/article.aspx?newsid=23379
http://www.dailytech.com/article.aspx?newsid=23379
Drivers young and old are moving to smaller vehicles
Car buyers in the U.S. are migrating away from the vehicles that have been so popular in the last decade to smaller and more fuel-efficient vehicles. This is happening as fuel prices are increasing and government mandated efficiency is increasing.
Midsize cars in the U.S. like the Toyota Camry, Honda Accord, and the Ford Fusion have traditionally been some of the best-selling cars. As fuel prices increase and more Americans started to worry about fuel costs and car payments, people are starting to migrate to smaller compact cars.
The Detroit News reports that five years ago midsize cars outsold compacts by almost 250,000 units. That will change by 2015 with J.D. Power expecting that compact and subcompact cars will make up 20% of all new vehicle sales with midsize cars making up 14% of car sales.
There is a race to the top when it comes to fuel efficiency, and all major manufacturers are scrambling to advertise that magic “40 MPG” tag for their cars. Compact vehicles like the Hyundai Elantra, Ford Focus, Mazda3, and Chevrolet Cruze are all available in trim levels that will top out with at least 40 mpg (the Elantra is the only one to do it across all trim levels and transmissions).
Efficiency isn't the only reason people are moving to smaller cars. The lower cost of smaller cars is also catching the eye of people that are increasingly concerned about the economy and their expenses.
In years past, two of the things that kept many consumers from buying smaller cars were that they were cramped and had little in the way of amenities. Small cars today are much better equipped (many offer integrated navigation, moon roofs, keyless start, heated leather seats, Bluetooth, infotainment systems, etc.) and have grown to be much closer in size to the midsize category.
Another factor contributing to the growth of the compact segment is that many baby boomers are aging and downsizing their cars.
Source: Detroit News
Car buyers in the U.S. are migrating away from the vehicles that have been so popular in the last decade to smaller and more fuel-efficient vehicles. This is happening as fuel prices are increasing and government mandated efficiency is increasing.
Midsize cars in the U.S. like the Toyota Camry, Honda Accord, and the Ford Fusion have traditionally been some of the best-selling cars. As fuel prices increase and more Americans started to worry about fuel costs and car payments, people are starting to migrate to smaller compact cars.
The Detroit News reports that five years ago midsize cars outsold compacts by almost 250,000 units. That will change by 2015 with J.D. Power expecting that compact and subcompact cars will make up 20% of all new vehicle sales with midsize cars making up 14% of car sales.
There is a race to the top when it comes to fuel efficiency, and all major manufacturers are scrambling to advertise that magic “40 MPG” tag for their cars. Compact vehicles like the Hyundai Elantra, Ford Focus, Mazda3, and Chevrolet Cruze are all available in trim levels that will top out with at least 40 mpg (the Elantra is the only one to do it across all trim levels and transmissions).
Efficiency isn't the only reason people are moving to smaller cars. The lower cost of smaller cars is also catching the eye of people that are increasingly concerned about the economy and their expenses.
In years past, two of the things that kept many consumers from buying smaller cars were that they were cramped and had little in the way of amenities. Small cars today are much better equipped (many offer integrated navigation, moon roofs, keyless start, heated leather seats, Bluetooth, infotainment systems, etc.) and have grown to be much closer in size to the midsize category.
Another factor contributing to the growth of the compact segment is that many baby boomers are aging and downsizing their cars.
Source: Detroit News
#2
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
The cruze is surprisingly large. We were able to fit 5 adults in one, with ease. I was in the back, and I'm 6'. I didn't feel cramped. It wouldn't have been comfortable to drive long distances with 5 people, but for a short lunch trip, it wasn't that bad. And the Elanta has a 14 cu ft trunk, which is really good, and is larger than some midsize car trunks. Would easily fit a stroller and groceries, or a set or two of golf clubs. The focus offers paralell parking assist, and a nav screen with sync, so at least manufacturers are starting to put luxury style appointments in these smaller vehicles.
#3
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
The move to compacts is really in name only. As the article states, compacts have grown and are nearly the same size as a mid size car. I honestly think most people wouldn't know that the Malibu and Cruze are in different size classes.
#4
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
Every segment has gotten a little larger.
A honda civic is now the size of an old accord.
Where the honda fit, is now like the civic replacement.
I will say over the years I've been trying to figure out my next car.
It started out thinking about getting a full size SUV (Tahoe/Explorer), then went to a full size car (Charger/300), then went to a mid size car (Malibu), now I'm currently thinking about a smaller car (Corolla).
I want to save on gas, car payment, and I have a small garage so, it small car will fit better. Plus I still have my wife's crossover SUV when we need a little more room.
#5
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
I guess I'm the opposite...I am pricing out a new 2011 2500HD to take advantage of the 2012 roll-in and the 72mo 0% offers on the 11' models.
I'm a retard.
I'm a retard.
#7
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
That's how I read it. People haven't changed in wanting a Mid-sized car. The cars themselves have grown in size though.
#8
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
Smaller paychecks and larger bills lead to smaller cars. Fortunately the smaller cars have grown a pinch. Times have changed and nobody wants a 15ft long gas guzzling SUV, and the midsized cars are so close to the compacts it's a no brainer.
#9
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
#10
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
You nailed it. My wife and I are both gov't employees and are locked into 0% salary increase for 4-years. There's no way we can afford car payments right now with a kid in college, hence we're hoping the Tahoe lasts past 200k miles.
#11
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
We're also blowing money like crazy on crap we really don't need but feel we have to have to be like everyone else. Cable/satellite, internet, and cell phones alone can add up to anywhere from $200-500/month. Personally, my wife and I spend ~$210 on all 3 of those combined. Basic satellite, cell phones with talk and text only, and $30 for our internet connection. I know people who spend a couple hundred/month on their phone plan and then pay hundreds per year for new phones. We pay large amounts of money for things that 10-15 years ago only more well off people had, like phones, internet, and satellite.
Just my thoughts. People don't want to give these things up, so it leaves less money for cars (as well as much higher fuel costs.) My next new ride will be a nox or bu, just haven't decided when to buy. Maybe the end of next year. I have no desire to own anything smaller than a malibu.
Just my thoughts. People don't want to give these things up, so it leaves less money for cars (as well as much higher fuel costs.) My next new ride will be a nox or bu, just haven't decided when to buy. Maybe the end of next year. I have no desire to own anything smaller than a malibu.
#12
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
With the ability to put a rearward facing baby seat in the back, my hockey bag in the hatch, and costing less pretty much made up our minds for us. I'm 6'2 and could fit quite comfortably behind my wife (5'7".) I fit behind my seat but it was definately tight in the footwell. Getting over 30 mpg doesn't hurt either.
After discussing it with my wife we just couldn't justify spending the extra money on the midsize when the compact filled our needs just as well.
#13
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
Another thing to also consider is that subcompacts today have improved in quality of materials and content perhaps more than any other class of car.
All US cars have greatly improved but sub compacts (especially over the past 5 years) have gone from cheap, content challenged afterthoughts to in most instances being on par with anything else in the showroom costing more.
All US cars have greatly improved but sub compacts (especially over the past 5 years) have gone from cheap, content challenged afterthoughts to in most instances being on par with anything else in the showroom costing more.
#14
Re: Report: Compacts, Subcompacts to Overtake Midsize Cars in U.S. Sales by 2015
We're also blowing money like crazy on crap we really don't need but feel we have to have to be like everyone else. Cable/satellite, internet, and cell phones alone can add up to anywhere from $200-500/month. Personally, my wife and I spend ~$210 on all 3 of those combined. Basic satellite, cell phones with talk and text only, and $30 for our internet connection. I know people who spend a couple hundred/month on their phone plan and then pay hundreds per year for new phones. We pay large amounts of money for things that 10-15 years ago only more well off people had, like phones, internet, and satellite.
Just my thoughts. People don't want to give these things up, so it leaves less money for cars (as well as much higher fuel costs.) My next new ride will be a nox or bu, just haven't decided when to buy. Maybe the end of next year. I have no desire to own anything smaller than a malibu.
Just my thoughts. People don't want to give these things up, so it leaves less money for cars (as well as much higher fuel costs.) My next new ride will be a nox or bu, just haven't decided when to buy. Maybe the end of next year. I have no desire to own anything smaller than a malibu.
Thread
Thread Starter
Forum
Replies
Last Post
NewsBot
2010 - 2015 Camaro News, Sightings, Pictures, and Multimedia
0
12-03-2014 12:30 PM