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Market Insights report
Large Cars accounted for 11.3% of the worldwide market revenue in 2022. This is a 0.5% growth compared to market share in 2018. The highest revenue share of Large Cars sales in 2022 were generated in Sweden (16.8%) and China (15.7%). The best-performing make in the Large Cars market in 2022 was Toyota (revenue of US$25.7 billion), followed by Volkswagen (US$ 22.9 billion) and Tesla (US$15.1 billion).
What's included?
The introduction of large cars, which came on the heels of medium cars, is a response from manufacturers to consumers’ desire for larger vehicles which are affordable. The vehicles in the Large Cars segment come with a higher price tag than Small or Medium Cars but incorporate a consolidation of luxury features which modern-day technology can offer.
The Large Cars Market segment includes family passenger cars of an average footprint around 4.30m2 (46 ft2), an average mass around 1640kg (3620lbs) and a passenger/cargo volume between 3.1 m3 and 3.4 m3 (110 ft3 and 119 ft3). In United States, Large Cars are also known as Mid-size cars as models.
Background:
The Large Cars Market grew out of the Medium Cars market as manufacturers’ response to consumers’ desire for larger, affordable vehicles around the middle of the twentieth century. This class was a subject to many redefinitions influenced by regulations, making its borders fluent in regard to models size.
Example Models: AUDI A4, BMW 3 Series, Citroën C5, Ford Mondeo, Honda Accord, Mazda 6, Mercedes-Benz C-Class, Opel Insignia, Opel Zafira, Peugeot 407, Renault Laguna Hatch, Saap 9-3, Škoda Superb, Subaru Forester, Subaru Outback, Toyota Avensis, Volkswagen Passat.
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Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
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Mon - Fri, 9am - 6pm (EST)