Sales of coupés in general are suffering in today’s market. According to figures from automotive analyst JATO Dynamics, coupé sales fell by 31 per cent in Europe last year, making it the worst-performing segment. Premium coupé sales were also down by 21 per cent.
By contrast, sales of cars in compact premium sector rose by 24 per cent in Europe last year, second only to small SUVs and crossovers in the major market niches.
Global sales of the Audi A3 jumped from 164,666 in 2012 to 221,097 last year, while sales of the Q3 compact SUV jumped from 106,466 to 152,163 over the same period.
These shifts in the new car market make it clear that the biggest opportunities for more mainstream derivatives of the TT lie in the compact premium sectors. A compact saloon or fastback to compete with the Mercedes-Benz CLA would be the most logical immediate extension of the TT family.
The biggest question for the Audi board is whether a compact TT saloon would work based on the new A3 saloon’s MQB platform, rather than on a stretched version of the coupé’s expensive steel and aluminium hybrid architecture. The former platform would be essential if Audi wants to build a direct CLA rival.
Audi is running to catch up with the CLA, which has proved to be a smash hit, especially among the affluent under-40s new car buyers so sought after by premium car makers. Indeed, Scott Keogh, president of Audi US, said the market for entry-level luxury cars will “increase by 400 per cent” between now and 2020.
Audi has commissioned a series of celebrity-endorsed advertisments in the US for the launch of the A3. Additionally, a 64-page guide to holding parties to attract ‘cool, young and urban’ customers was sent to Audi’s 280 US dealers.
The manufacturer wants to see the A3 being marketed to new car buyers aged from their mid 20s to early 40s. If it can get a firm foothold in this booming segment, a TT-inspired follow-up would be a huge help to Audi in the US.
Take a closer look at the new Audi TT.
The TT family so far
1995 TT concept
The original TT concept was commissioned by Ulrich Hackenberg and realised in four weeks by J Mays and Freeman Thomas.
2005 TT Shooting Brake
The second-generation TT — based on a sophisticated hybrid steel and aluminium platform — was previewed by the 2005 Shooting Brake.
2013 TT Ultra Quattro
The Ultra Quattro concept was 283kg lighter than the stock Mk2 TT thanks to the extensive use of carbonfibre in the structure.
2014 TT Shooting Brake
Audi repeated its Shooting Brake concept trick early this year. This incarnation heralded the arrival of the third-generation TT.
2014 TT Quattro Sport
Mk3 TT-based concept featuring a 414bhp 2.0-litre TFSI engine, giving a power-to-weight ratio of 308bhp per tonne.