The biggest increase by segment is — you guessed it — crossovers, which account for nearly half the total (49 percent). Light trucks at 28 percent are the next-biggest segment. The three passenger-car segments — luxury/sport, mid/large, and small — each comprise less than 10 percent of the total.
The BoA report also looks at each of the manufacturers and calculates their “replacement rate,” meaning their new-product intros as a percentage of their lineup. They calculate the industry average at 74%. BoA sees Honda (91%) and Hyundai/Kia (90%) with the most aggressive launch cadence over the coming four years, with FCA (57%) and Toyota (59%) at the bottom. Ford at 83% has the highest replacement rate among the Big Three, headlined by the new F-150, the new Bronco and the Mustang Mach E. Automakers with a fresher lineup historically have made gains in market share. BoA has published its study annually since 1991.