The market share of B and C segments remained stable in Europe
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The market share of B and C segments remained stable in Europe
- The European passenger car automotive market has declined over the last three years (2020-2021-2022) but it seems that B and C segments cars have been the most impacted in terms of volume. However, in terms of market share, these two segments have held up well, since they have been stable over the past three years, at around 35% of the European market for each segment.
- However, it can be observed that since 2021, the market share of B-segment car sales has caught up with the C-segment, no doubt due to the development of B-segment SUVs. The stability of the C-segment hides the fact that sales of sedans in this segment have declined significantly regarding the strong growth of SUVs.
- Compared to the Chinese market, the European market is more a small car market, with the B and C segments having 70% of the market in Europe and only 40% in China.
- Sales of D-segment cars have fallen from 20% of the European market in the early 2000s to 15% in 2022, but this market share has been stable for five years, again with growth of SUV sales and a decline of sedans.
- Sales of A-segment and E-segment cars have each fallen from 10% to 6% in 2022, but while E-segment sales have remained stable for the past five years, A-segment sales continue to decline due to the gradual disappearance of cars from this segment in Europe.
D-segment cars is the most import in the Chinese market
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D-segment cars is the most import in the Chinese market
- The Chinese passenger car market, which emerged in the early 2000s to become the largest market in the world twenty years later, was first a market MPVs and minivans, as in a certain number of countries in the South - East Asia. The market share of these vehicles has collapsed very quickly, gradually falling from 33% in the early 2000s to 20% in 2011, 10% in 2018 and 6% in 2022. With the enrichment of the middle classes, demand quickly shifted to sedans and SUVs.
- Sales growth was strongest in C-segment cars which gradually increased from 30% in the early 2000s to 55% in 2016, then these sales collapsed due to strong growth in car sales D-segment cars. C-segment cars only represents 36% of the Chinese market in 2022.
- The sales growth of D-segment cars perfectly illustrates the enrichment of the middle classes in China, these sales having increased from 20% in 2016 to 33% in 2019, 40% in 2021 and 44% in 2022, the D-segment having even supplanted the C-segment in 2022. It has thus become the most important segment in the Chinese market.
- At the same time, we are seeing an erosion in sales of A and B segment cars, which together represented 20% of the Chinese market in the early 2000s, but only 8% in 2022, even after a rebound of the A-segment (due to the success of the Wuling MinEV). The E and F segments remain very weak (5% of the market in 2022 between them, compared to 2% at the start of the 2000s).
Toyota still remains the world leader in HEV sales
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Toyota still remains the world leader in HEV sales
- The Toyota group is still the world leader in sales of full-hybrid cars (HEV), as it has clearly outpaced all its competitors since the launch of the first Toyota Prius in 1997. Since that date, the Prius has been renewed several times and totalled 5.9 million sales since its appearance on the market. And the HEV engine has been extended to all models in the Toyota and Lexus ranges. But not yet to the small Daihatsu models.
- Thus, the number of HEV-powered cars produced by the Toyota group since 1997 greatly exceeds 20 million units. In 2022, global sales of Toyota and Lexus HEVs exceeded 2 million units for the first time, representing 20% of the carmaker's total production.
- The main competitors that have entered this specific HEV market are Honda (455,000 sales in 2022), Hyundai-Kia (365,000 sales) and Renault-Nissan (355,000 sales). Since 1997, even if their launch was later than that of the Toyota Prius, Honda has sold 3.7 million hybrid cars, Hyundai-Kia 1.6 million units and Renault-Nissan 1.8 million. The four carmakers (Toyota, Honda, Hyundai-Kia and Renault-Nissan) account for 95% of worldwide HEV sales between 1997 and 2022.
- The other carmakers who have invested in the HEV market are few in number and their sales volume is very low. The question now is whether HEV motorization is viable in the long term (in terms of CO2 emissions) and if not, will switching to BEV and/or PHEV motorization be easy for all of these carmakers.
D-segment have been leading the US automotive market for the past twenty years
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D-segment have been leading the US automotive market for the past twenty years
- The US car market for passenger cars (including SUVs and MPVs as in other markets) and pick-ups had its weakest last three years (2020-2021-2022) since 2013, between 13.9 million and 15 million units per year compared to 15.6 million in 2013 and 16.2 million in 2007.
- In this context, D-segment cars (named "intermediate" cars) have been leading the way for the past twenty years, with a market share of 37% in 2022 compared to 40% in 2011 and 33% in 2000.
- C-segment cars ("compact" cars) had grown significantly between the year 2000 and 2018, from 16% market share to 31% driven by the growth of Toyota Corolla, Honda Civic, Chevrolet Cruze and Ford Focus in particular, but this segment has gradually fallen to 27% in 2022 (the Cruze and Focus have disappeared).
- The E-segment ("full size“ cars) once led the American market in the 1950s and 1960s, collapsed in the 1980s and represented only 18% of the market in the year 2000. It continued to decrease after this date, the national carmakers gradually abandoning this type of car. Their market share fell to 10% in 2009 and then stabilized.
- B-segment cars ("sub-compact" cars) which had represented up to 4% of the market in 2016-2018 have practically disappeared from this market, along with A-segment cars.
- It should be noted that pick-ups (20% of the market in 2022) and MPVs represent two specific categories, but the MPVs, after having represented up to 13% of the market, fell to 2% in 2022.
The European, Chinese and USA automotive market 2000-2022 by segment (all engines)
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The European, Chinese and USA automotive market 2000-2022 by segment (all engines)
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