40 mpg Ford Fiesta, Other Small Cars Flounder
Automakers quickly turned to small cars when gas hit $4 a gallon in 2008. Folks everywhere downsized, trading in giant SUVs for traditional compacts and the latest subcompacts, like the Toyota Yaris. The trend prompted Ford to bring its best global small car to the U.S., the Ford Fiesta, while it looked to beef up its compact, the Focus, to be a more premium offering. This trend of subcompact and larger compact is being seen across the industry.
The Fiesta has been on sale for a few months with a full inventory on most lots. (There are more than 9,000 in Cars.com’s national inventory.) However, the Fiesta isn’t setting the sales world on fire, and the rest of the segment isn’t, either.
What are buyers gravitating toward? Compact cars, or what were compacts. The compact class is seeing new models getting bigger as the subcompacts take up their former position on show floors as the entry-level models.
In what could be considered its first full month of sales, Chevy’s new Cruze sold 8,066 units, which is a good number. The much-maligned Cobalt it replaces sold 5,112 units during November last year, likely at much lower transaction prices.
Volkswagen’s new Jetta helped overall Jetta sedan sales climb to 8,955, a 49% increase over last year.
Hyundai’s new Elantra just went on sale in the final days of November, totaling 192 units, while the 2010 still managed an impressive 8,439 units.
Sales of the Mazda3 rose 9.3% to 6,474 while Mazda’s all-new Mazda2 sold 462 units in its first full month on sale.
Don’t cry for Ford, though, because its soon-to-be replaced Focus saw sales jump 27.8% to 13,030.
The outlook for new compact cars like the Cruze, Jetta and upcoming Focus seems positive, while compact SUVs and midsize sales remain steady. The only cars that seem to be floundering are the smallest ones out there.
Subcompact Sales in November 2010
- Nissan Versa 6,724
- Honda Fit 4,180
- Hyundai Accent: 4,052
- Ford Fiesta: 3,473
- Chevy Aveo: 3,262
- Toyota Yaris: 2,154
- Suzuki SX4: 1,140
- Kia Rio: 966
- Scion xD: 810
- Mazda2: 462