Bulletin
Investor Alert

London Markets Close in:

Autotrader Archives | Email alerts

April 19, 2021, 5:01 a.m. EDT

Demand for SUVs is leaving sedans in the dust; EV sales grew fastest

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Toyota Motor Corp. ADR (TM)
  • X
    Honda Motor Co. Ltd. ADR (HMC)
  • X
    Nissan Motor Co. Ltd. ADR (NSANY)

or Cancel Already have a watchlist? Log In

Andrew Ganz

New SUVs and crossovers are in hot demand, while sedans are likely to be languishing on car dealer lots.

According to data compiled by Cox Automotive, compact SUVs and crossovers saw sales in the U.S. increase by a hefty 58% during the first quarter of 2021. Midsize sedans and high-end luxury sedans were down nearly 16 and 20%, respectively. (Cox Automotive is the parent of Autotrader.)

See: The best 3-row SUVs for less than $40k in 2021

Overall, vehicle sales grew by a substantial 11.4% during the first quarter of 2021 compared with the same period last year. Those figures come with a huge asterisk attached, though, since the American economy came to a screeching halt in early March last year as pandemic restrictions saw car dealers temporarily close shop.

Electric vehicle sales grew at the fastest pace with a roughly 43% gain in the first quarter of 2021 compared with the year prior, though at around 95,000 EVs sold the segment still substantially trailed the 647,000 compact SUV/crossover models delivered during the same period.

The bestselling compact SUV or crossover was the Toyota /zigman2/quotes/200537742/composite TM +1.43% RAV4, followed by the Honda /zigman2/quotes/207173990/composite HMC -0.92% CR-V, Nissan /zigman2/quotes/207656007/delayed NSANY -8.26% Rogue, and Chevrolet Equinox.

Among individual brands, nearly every showroom saw a healthy increase in vehicle sales. Genesis, Hyundai’s /zigman2/quotes/204364212/delayed HYMTF +0.40% luxury brand, saw sales nearly double thanks largely to its new GV80 SUV . Porsche /zigman2/quotes/208338327/delayed POAHY -1.61% , Volvo /zigman2/quotes/208069681/delayed VLVLY -0.96% , Buick, and Audi all saw increases over 30% during the first quarter, too.

See: The 12 best new cars of the year

Only a handful of brands saw sales slip, including Dodge, Fiat, Mitsubishi /zigman2/quotes/205120473/delayed MSBHF +1.92% , and Chevrolet. 

This story originally ran on Autotrader.com.

/zigman2/quotes/200537742/composite
US : U.S.: NYSE
$ 154.42
+2.18 +1.43%
Volume: 163,661
May 12, 2021 11:07a
P/E Ratio
15.05
Dividend Yield
2.44%
Market Cap
$214.97 billion
Rev. per Employee
$765,642
loading...
/zigman2/quotes/207173990/composite
US : U.S.: NYSE
$ 30.24
-0.28 -0.92%
Volume: 329,180
May 12, 2021 11:07a
P/E Ratio
13.17
Dividend Yield
2.15%
Market Cap
$53.03 billion
Rev. per Employee
$628,000
loading...
/zigman2/quotes/207656007/delayed
US : U.S.: OTC
$ 9.50
-0.86 -8.26%
Volume: 150,286
May 12, 2021 10:51a
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$20.87 billion
Rev. per Employee
$659,369
loading...
/zigman2/quotes/204364212/delayed
US : U.S.: OTC
$ 49.70
+0.20 +0.40%
Volume: 266.00
May 12, 2021 10:46a
P/E Ratio
20.73
Dividend Yield
N/A
Market Cap
$46.58 billion
Rev. per Employee
$1.23M
loading...
/zigman2/quotes/208338327/delayed
US : U.S.: OTC
$ 10.06
-0.16 -1.61%
Volume: 208,720
May 12, 2021 10:52a
P/E Ratio
9.87
Dividend Yield
1.67%
Market Cap
$31.46 billion
Rev. per Employee
$133,163
loading...
/zigman2/quotes/208069681/delayed
US : U.S.: OTC
$ 25.75
-0.25 -0.96%
Volume: 22,557
May 12, 2021 10:41a
P/E Ratio
19.13
Dividend Yield
2.10%
Market Cap
$52.99 billion
Rev. per Employee
$382,234
loading...
/zigman2/quotes/205120473/delayed
US : U.S.: OTC
$ 27.01
+0.51 +1.92%
Volume: 1,011
May 12, 2021 10:48a
P/E Ratio
24.47
Dividend Yield
N/A
Market Cap
$40.73 billion
Rev. per Employee
N/A
loading...

This Story has 0 Comments
Be the first to comment
More News In
Personal Finance

Story Conversation

Commenting FAQs »

Rates »

Partner Center

Link to MarketWatch's Slice.