The share of MPVs by carmaker and by region in 2022
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The share of MPVs by carmaker and by region in 2022
- MPVs (Multi Purpose Vehicle = vehicles with high interior modularity - often one-box) took a less and less significant share on the world market shortly before the 2010s. Their prosperity only lasted about twenty years, between 1989 and 2009, victims of the strong growth of SUVs (Sport Utility Vehicle = hatchback vehicles with high ground clearance).
- In the United States, from 1983, when the Plymouth Voyager was launched, the MPV market grew to reach 1.3 million units per year (i.e. 10% of the market) then this market began to decline at the same time as the SUV market developed at high speed. In 2022, less than 250,000 minivans were sold in the United States. In China, this type of vehicle has existed since the 80s, rather in the form of minibuses. In 2017, it still sold nearly 2 million per year and still nearly 1 million in 2022. It is the country that still buys the most minivans today. In Europe, the MPV market grew between 1996 and 2006, a year in which 2.3 million MPVs were sold, representing a market share of 15%. Then, with strong competition from SUVs, this market collapsed, falling to 1 million sales in 2017 and 210,000 in 2022. In Japan too, the minivan market is declining sharply.
- It is only in India where the MPV market is growing: 1.2 million units in 2022 compared to 1 million in 2017. In total, the global MPV market halted its fall in 2021 and 2022 (to 3 million units per year) thanks to the increase in demand in emerging countries. However, according to Inovev, this market should not grow globally.
SUV sales in Europe between 1995 and 2022
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SUV sales in Europe between 1995 and 2022
- Sales of SUVs (Sport Utility Vehicles) in Europe have grown significantly since the early 2000s, driven by strong marketing from carmakers. While their market share did not exceed 2% of total PC sales in Europe in 1995 and 3% in the year 2000, it increased to 7% in 2005, then 12% in 2010, 23% in 2015, 40% in 2020 and 50% in 2022.
- This exponential sales increase was made to the detriment of sedans and MPVs, almost completely ousting this last category, even if the SUVs took over a certain number of their characteristics such as the family aspect of the interior layout, thus moving away from the first rather rustic 4x4s. This growth has been encouraged by the decline of SUVs towards the lower segments, but no one knows if this growth will continue for several more years or if the SUV market will reach saturation, despite an increase in supply.
- In terms of sales volume, SUVs represented just over 5 million units in Europe in 2022. They had approached the 6 million units mark in 2019 but in a much larger global market (40% higher). It should be noted that the volume of SUV sales in 2022 does not exceed that recorded in 2018 (in a sharply declining global market: -30%).
- The 10 best-selling SUVs in Europe in 2022 are the Volkswagen T-Roc (165,701 units), Volkswagen Tiguan (137,476 units), Peugeot 2008 (137,404 units), Tesla Model Y (135,461 units), Hyundai Tucson ( 133,223 units), Ford Puma (129,035 units), Renault Captur (128,898 units), Dacia Duster (122,329 units), Ford Kuga (120,387 units) and Kia Sportage (118,943 units).
Evolution of the Saudi automobile market
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Evolution of the Saudi automobile market
- The evolution of the Saudi automobile market is often dependent on the evolution of oil prices, which remains an essential product for the country's wealth. When prices fall, the enrichment of the country is less important and the automotive market falls and vice versa, when prices rise the Saudi market rises again.
- For the past two years, oil prices have been on the rise again and therefore the automobile market is increasing. In 2022, it reached a volume of 651,484 units (PC+LUV) compared to just under 500,000 units in 2020. But it reached more than 750,000 units per year during its best years, as in 2014, 2015 and 2016, with sales peaking in 2015 with a volume of nearly 900,000 units.
- The Saudi market is mainly a sedan market (280,000 sales in 2022) especially C and D segments (220,000 sales) and SUVs (250,000 sales) especially C and D segments (200,000 sales). Sedans represent 43% of the Saudi market and SUVs 38%. Pickups represent 11% of total sales, with 73,000 units in 2022. Minivans represent only 1% of total sales. Finally, 7% of the market concerns Vans and other light utility vehicles.
- In 2022, the Toyota group consolidates its position on the Saudi market (33% of total sales), ahead of the Hyundai-Kia group (19% of total sales). Chinese brands already account for 16% of total sales in the Saudi market. European carmakers are very little present on this market (less than 3% of total sales).
- The three best-selling models in 2022 were the Toyota Camry (38,124 units), Toyota Hilux (31,148 units) and Toyota Yaris (30,265 units) ahead of the Hyundai Elantra (25,097 units) and Hyundai Accent (18,297 units).
MPV sales in Europe between 1995 and 2022
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MPV sales in Europe between 1995 and 2022
- Sales of MPVs (Multi Proposes Vehicles) in Europe increased significantly between 1996 and 2006, the start of this period corresponding to the launch of the Renault Scénic (C-segment) which was followed fairly quickly by its competitors at Citroën (Picasso) and brands foreign, such as Opel, Ford, Fiat, Volkswagen.
- The previous period (1985-1995) had been mainly marked by the Renault Espace (D-segment) which had pioneered MPVs in Europe in 1984 (based on a Matra design) and did not then encounter strong competition. This is the reason why this period is characterized by a very weak minivan market (around 1% to 2% per year).
- The peak of MPV sales in Europe was reached in 2006, with 2.3 million sales and a market share of 15%, compared to 4.5% in 1997, 7.5% in 2000 and 11.5% in 2003. From this date, MPVs began their decline, victims of the strong increase in sales of SUVs which competed directly with them. In 2022, only 210,000 MPVs were sold in Europe.
- The MPV market share in Europe fell from 15% to 12% in 2008, then to 10% in 2013, 5% in 2018, 3% in 2020, 2% in 2021 and 2022. It is to highlight that all MPVs mainstream carmakers have been phased out and only Premium carmakers remain (BMW Active Tourer, Mercedes B-Class) but for how long?
- According to Inovev, the MPV market has no chance of rising again in the short term in Europe, because there is no more offer from carmakers. All MPVs have been gradually replaced by SUVs, the latest being the Renault Espace itself.
Evolution of the Israeli car market
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Evolution of the Israeli car market
- The Israeli car market has evolved between 200,000 and 300,000 vehicles per year for the past ten years, the bar of 300,000 units having never been reached. However, it could be crossed in 2023 or 2024. In 2022, a volume of 269,504 vehicles were registered in this market, down slightly from 2021. Like the Saudi automotive market, the Israeli market is solely dependent on imports.
- The Israeli market is above all an SUV market, as these (especially C-segment) represent 147,000 units in 2022, i.e. 55% of total sales. Sedans represent 103,000 units (mainly C-segment) or 38% of total sales. The rest consists of 7,500 vans (3% of the market), 6,500 MPVs (2% of the market) and 5,500 pick-ups (2% of the market).
- By carmaker, the Korean group Hyundai-Kia consolidates its leading position in the Israeli market in 2022, with 30% of total sales, well ahead of the Toyota groups (14% of total sales) and Volkswagen (11% of total sales). Chinese brands already account for 7% of total sales. Despite the dominant position of Hyundai-Kia, we note that Japanese carmakers represent a total of 32% of the Israeli market, more than the Korean carmaker. Apart from Volkswagen and Stellantis, European carmakers are not very present in this market.
- By model, the Kia Picanto sold 12,968 units last year, ahead of the Toyota Corolla (10,748 units), Hyundai Tucson (7,443 units) and Mazda 2 (6,940 units). Note that battery electric vehicles were sold at 24,693 units (9% of total sales), full hybrids at 11,117 units and plug-in hybrids at 5,067 units.
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