U.S. Subcompact Car Market Share Fell by Half Since 2016; Subcompact Crossover Segment Tripled Since 2013
No Yaris. No Fiesta. No Sonic. No Mazda2. No Fit.
America’s subcompact car segment is decimated. According to Tyson Jominy, the vice president of data and analytics at J.D. Power, 40 percent of last year’s subcompact sales are gone. Jominy doesn’t mean “fewer sales.” He means that the nameplates responsible for 40 percent of the sales are gone.
And is it any wonder? As recently as 2014, subcompact cars produced 3.8 percent of all U.S. auto sales. Collectively, the few remaining subcompact cars now account for just 1.4 percent of the American light vehicle market.
At the current rate of decline, fewer than 1 percent of the vehicles sold in America in 2022 will be subcompact cars. But we all know the current rate of decline is hardly an accurate harbinger. If subcompacts own 1 percent of the market in 2021, we’d be surprised.
After the Gold Rush: Rolls-Royce Ready to Embrace Minimalism
We’ve covered how mainstream automakers rose to the coronavirus challenge ad nauseum, but what about companies whose customers dream of rich mahogany and yachting off Cannes all night?
Well, just like a Silicon Valley tech mogul, Rolls-Royce spent these past few months reflecting, peering deep within its soul, all to learn how to become a better friend to its clients. Apparently, “post-opulence” is now a thing.