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Small And Midsize Luxury SUV Sales In Europe – 2016 Year End

Midsize Luxury SUV/Crossover Segment

The midsized premium SUV segment is one of the fastest growing in Europe, with sales up 29% in 2016 compared to an overall market up 6,2%. All remaining models improve their sales and 9 out of the top-10 set new sales records, but Mercedes-Benz and the British brands are the biggest winners this year. Still, the Volvo XC60 holds on to its segment lead and scores a record volume for the third year in a row, even though it’s the oldest model in the segment and about to be replaced in 2017. Sales of the Swedish model were up 20% in Q4, perhaps because some prospective buyers for a V70 or XC70 found these to be out of production.

The new #2 of the segment is the Mercedes-Benz GLC, more than doubling the sales record of its predecessor GLK, whose design just didn’t vibe with customers in this segment. Needless to say this is also the highest position the brand has ever finished in this segment. The GLC (which includes the Coupe version) will be aiming for a top spot in 2017 as Volvo may lose some sales during the changeover to the new generation XC60, but there will be competition from the all-new Audi Q5, which had held on to its 2nd place until November and lost out by just 83 sales.

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Day 199 — Omani authorities said the Panama-flagged tanker El Gaia is being towed to port after an engine-room fire was brought under control about 103 nautical miles northeast of Musandam, with two crew still missing and 23 evacuated by a Royal Navy of Oman vessel (gCaptain and The Maritime Executive, Sep 15-16). The IRGC said the ship struck a mine; US Central Command said Iran had attacked it twice. Neither account is confirmed. The Congressional Budget Office put the war's direct Pentagon cost at $38B through July and projected it will add about 0.5 percentage points to US consumption inflation in 1Q27. Houthi forces took the Greater and Lesser Hanish islands in the southern Red Sea. IMF PortWatch's published day advanced to Sep 13 at eight Hormuz transits. AAA's national diesel average set a 13th consecutive record at $6.3103/gal and California diesel set a fresh state record at $8.2668/gal.
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