Minivan segment faces stiff competition from sport-utility and crossover vehicles but still sells
Nissan and Hyundai showed off new, updated vehicles at Chicago Auto Show
Hyundai introduced Entourage, its 1st minivan; Nissan updated its Quest w /major interior changes
Hyundai's Entourage based on Sedona minivan platform of Kia subsidiary w/ different styling
Chrysler Group 1st to market minivan and still holds top 2 slots on US sales
2007 Hyundai Entourage
Significant Points
Nissan and Hyundai minivans aimed at grabbing part of Chrysler-led market
Analysts and execs see market stable w/ annual US sales of over 1M vehicles for at least next several years
According to Power Information Network, in 2005 Dodge Caravan had 20.4% US market share; Chrysler Town & Country 16.3%; Honda Odyssey 15.7%; Toyota Sienna 14.5%; Nissan Quest 3.6%
JD Power expects US minivan sales to stay above 1M units per year; they peaked at 1.37M in 2000
Minivan sales numbers could drop significantly " IF" Ford introduces model not classified as minivan
Sourced From: MSNBC, February 9, 2006
Ford has never been a player in the minivan market, which Chrysler continues to dominate.
The Fairlane concept wagon, which it unveiled in Detroit in 2005, a cross between an extended SUV and a minivan, that Ford calls a "people mover,
could help Ford finally make a splash in the minivan market.