Let’s talk about crossovers. More specifically, which of all the top-tier contenders are the top sellers showing the most improvement in numbers? The summary of sales numbers is expected in the fourth quarter of 2022, demonstrating the volume of units sold and gains in market share. And there are three luxury crossovers with strong sales momentum as we close out the first quarter of 2023.
So which, whether on the pavement or on paper? If you’re a fan of these vehicle segments, it might come as no surprise to fans of these luxury rides to learn that Audi, Infiniti, and Cadillac all have strong representations. Here’s more about these luxury crossovers and the stories consumers can learn from the year-end sales numbers.
shares some of the biggest news for one of its contenders, the Cadillac XT5, which sold 8,446 units in the fourth quarter. But Cadillac isn’t the only winner in this dataset.
The Audi Q5 was the top seller in the luxury crossover class, with 19,780 models sold in the fourth quarter. The Infiniti QX50 saw an increase in sales, with 2,557 units sold.
Rounding out a few other models within the luxury crossover space that enjoyed sales increases include the Acura MDX up 7.9%, the Volvo XC60 up 4.29%, up 4.29%, by 6.83% and the Infiniti QX55 by an increase of 7.97%. , versus fourth quarter year-over-year.
Sales totals for these models
The best-performing Audi Q5 recorded 19,780 models sold in the fourth quarter. It recorded a 4.33% increase in YTD units sold from 2021 to 2022. And the Infiniti QX50 recorded a 16.02% increase when comparing Q4 2022 to Q4 2021.
Considering so many other luxury crossovers that have suffered declines, the numbers from Audi and Infiniti show significant growth potential.
Fourth to fourth quarter percentage dump of all of them. The popular XT5 sold 139.4% more in the fourth quarter of 2022 than in the fourth quarter of 2021. In terms of sales volume, the XT5 is the clear leader in this analysis.
A sign that these models are increasing their market shares
There’s more than one story to be gleaned from these year-end sales numbers. And from the YTD units told fourth-quarter comparisons, the Audi Q5, Cadillac XT5, and Infiniti QX50 all show spikes in sales rates.
The other impressive aspect to consider is how well these models have increased their market shares, demonstrating momentum that could mean big wins in 2023. The Cadillac XT5, for example, gained 8% market share compared to the 3% it held in 2021. The Infiniti QX50 and most others have maintained their market shares year-to-date, a pretty big statement.
However, the Audi Q5 jumped the most in market share, boasting an even more impressive 18% of its segment. It is 10% higher than its market share in 2021.
Based on these metrics, it’s clear that the Cadillac XT5, Infiniti QX50, and Audi Q5 are all gaining momentum and popularity among luxury car and crossover buyers. They will be ideally positioned for a strong first quarter finish in 2023.
Only time will tell if they will continue to hold the steam. Sales in the fourth quarter can be tough, especially with new model releases during those year-end months.
If you’re in the luxury crossover market, you might want to try driving one or all of these top three best-selling vehicles. And then, you can decide if you think they have what it takes to wrap up the 2023 sales year on a high.
