Small Cars: market data & analysis

Market Insights report

Small Cars: market data & analysis

Small Cars accounted for 6.1% of the worldwide market revenue in 2022. This is a -0.6% growth compared to market share in 2018. The highest revenue share of Small Cars sales in 2022 were generated in India (26.9%) and Mexico (21.6%). The best-performing make in the Small Cars market in 2022 was Toyota (revenue of US$15.1 billion), followed by Chevrolet (US$ 10.5 billion) and Suzuki (US$10.1 billion).

What's included?

  • Market and make overview and key facts
  • Performance analysis and comparison by regions
  • Performance analysis and comparison by key makes
  • Comparison of market and make growth and average prices

Table of contents

In the past, volume sales of the Small Cars segment was steered by the need for fuel efficient vehicles which are easy to park in urban areas and are more elegant than mini cars. Now, and in the future, the aforementioned in addition to consumer tastes, changing values as well as the rise of electric cars promises to boost volume sales. 

The Small Cars Market segment includes economy passenger cars of an average footprint around 3.7m2 (40 ft2), an average mass around 1200kg (2680lbs) and a passenger/cargo volume between 2.4 m3 and 2.8 m3 (85 ft3 and 99 ft3).

  • European Car Segment: B (Small Cars)
  • US Car Segment: Subcompact Cars
  • Chinese Car Segment: Category A
  • Also known as: Light Cars, Superminis

Background:
The Smalls Cars Market developed significantly in the late 1960’s and the early 1970’s as manufacturers responded to economic growth by offering a larger car alternative to a mini car. Although models of this kind existed from mid twentieth century on, small cars became especially popular around the turn of the century due to their fuel efficiency and a strong trend in retro-branding.

Example Models: Citroën C3, Fiat Grande Punto, Fiat Punto Evo, Ford Fiesta, Hyundai i30, Kia Soul, Kia Venga, Lancia Musa, Lancia Ypsilon, Mazda 2, Nissan Note, Opel Corsa, Peugeot 207, Renault Clio, Seat Ibiza, Škoda Fabia, Suziki Swift, Toyota Yaris, Volkswagen Polo.

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