• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998

1

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living

2

Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs

3

Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
RetailAutos
Europe

Forget SUVs: Minivans are having a renaissance—and they’ve never been this plush

By
James Morris
James Morris
Down Arrow Button Icon
By
James Morris
James Morris
Down Arrow Button Icon
May 15, 2025, 1:00 AM ET
The Vision V from Mercedes-Benz was one of the biggest launches at Auto Shanghai 2025.
The Vision V from Mercedes-Benz was one of the biggest launches at Auto Shanghai 2025.James Morris
Add Fortune on Google for similar content.

One of the biggest car launches at Auto Shanghai 2025 in China from a European brand was the Mercedes-Benz Vision V. Surprisingly, this isn’t an SUV nor a luxury super-sedan. It’s a minivan (aka MPV). This wasn’t the only MPV displayed at the show either. Just when everyone thought SUVs had a permanent stranglehold on the market are minivans making an unexpected comeback?

Fall and rise of the MPV

MPVs used to be familiar sights on European roads. Never considered aesthetically desirable, the practicality of having up to seven seats and plenty of cargo space nevertheless made them popular family choices compared to estate cars (aka station wagons). At their height, MPVs had as much as 10% of the European market. But sales began to fall significantly by the end of the Noughties, with SUVs, some offering a more stylish seven-seat option, taking over. By 2023, MPVs had fallen to just 2% of the European market.

The new generation of minivans is different from these family transporters, however, and that’s exemplified by the Vision V from Mercedes-Benz. This is no utilitarian people carrier. It’s a luxury limousine intended to be chauffeur-driven, aimed at a similar market to the seminal S-Class, and even the Maybach variant of that model. The design of the Vision V is futuristic, and the interior is intended to make Rolls-Royce owners jealous. Rear seat passengers can enjoy a 65-in screen, which dwarfs even the one in BMW’s ultrahigh luxury i7 sedan limousine, plus 42-speaker Dolby Atmos sound. The experience is more about lounging than lugging many passengers around. Mercedes-Benz is aiming to bring the first models based on the Vision V concept to market in 2026.

James Morris

Luxury vans have become a bit of a thing in China. The poster child of this trend is the Zeekr 009. Although there are conventional versions of this van with the usual six or seven seats, the headline act is an interior option for just two occupants in the back, like the Vision V, called the Grand. These two seats are combined with a giant 43in screen. The seats in the 009 Grand are veritably palatial, with every comfort imaginable on tap, including a refrigerator. The effect is to take a conventional luxury transport experience to a new level, and it’s going down well with consumers. The 009 sold 19,210 units in 2023 and 22,631 units in 2024 in China, although there was no information available about what proportion of this was the two-rear-seater Grand version.

Zeekr also launched an innovative take on the MPV at the Chinese car show in 2024 (which took place in Beijing – the show alternates between this city and Shanghai biannually). The Mix is a more mainstream minivan than the 009, aimed at families wanting an MPV that enhances their lifestyle. This vehicle’s main party trick is its lack of a B-pillar (facilitating passenger ingress) and novel seat permutations. The two front seats can rotate to face rearwards and then a table can be installed in the middle, turning the Mix into a mobile dining room – great for family picnics in the country. The Mix hasn’t been selling as well as the 009, but it’s indicative of the new creative direction MPVs are taking in China. It also happens to be built on a platform Zeekr has been developing in partnership with Waymo, the autonomous taxi company. So you can see where the Mix might be headed.

Signaling the importance of the minivan market in China, Volvo had its EM90 minivan on show at Auto Shanghai 2025 as well. This car has also become one of the lead vehicles displayed in Volvo’s Chinese shopping mall showrooms. The EM90 is, unsurprisingly, built on the same platform as the Zeekr 009 (both automakers are part of Chinese giant Geely). So far, however, it hasn’t met with the same success as the Zeekr alternative.

James Morris

Toyota clearly sees potential in the MPV resurgence in Asia and launched the Veloz in 2021, aimed at Southeast Asian markets including Thailand and Malaysia, as well as Arabian Gulf states. In these regions, the minivan never really went away, however. The Veloz is an upmarket take on the MPV that its subsidiary Daihatsu has been selling as the Xenia and Toyota as the Avanza since 2003. The difference with the Veloz is its greater focus on luxury, although this is not anywhere near the same level as the Zeekr 009. Toyota also offers the Alphard MPV in similar regions to the Veloz, as well as Japan, alongside its more premium Lexus LM variant.

Minivans are back, but this time, they’re palaces

So, the MPV is enjoying a luxury renaissance in Asia. The question is whether this trend will translate into Europe and the U.S. as well. Volkswagen has long been a minivan favorite in both regions, going all the way back to the “Splitscreen” in 1950. Most recently, the ID. Buzz has taken the company into an electrified MPV future, although a U.S. recall has dampened the launch and the high price has kept sales numbers low in Europe despite generally positive reviews. The ID. Buzz sold less than 30,000 units globally in 2024. However, while the third row of seats in most SUVs are only viable for children if you travel any further than a quick urban journey, the third row in a Long Wheelbase ID. Buzz is completely adult-friendly, a feature that is unique in EVs available in Europe so far. It’s a vehicle lots of people want, even if not so many are actually buying it yet.

Some brands are betting on the MPV picking up again outside Asia, though. Chinese challenger brand XPENG is hoping that a rebirth of the minivan will give it an edge in the European market. Although the company’s first cars in the EU were a sedan and a large SUV, and a smaller SUV called the G6 for its debut in the U.K., the next vehicle on the roadmap for release is the X9. This is another luxury MPV in the mold of the Zeekr 009, although not pitched quite so high. It was unveiled at the U.K. launch of the G6, and is due to go on sale in the second half of 2025. Mercedes-Benz is also planning to launch the Vision V in the U.S. and Europe as the VLS, alongside a premium family minivan called the VLE based on the same VAN.E electric platform.

The jury is still out on whether the luxury turn of minivans that has proven popular in China will be replicated in other markets. SUVs still had a 54% market share in Europe in 2024, 3% more than the previous year. It’s also unlikely that MPVs will regain the mainstream popularity they once had in the mainstream European market. But this new luxury trend is something different and not aimed at the same volume of sales as before. You may be seeing more of these palaces on wheels even in Europe soon. You certainly will see plenty of them if you visit China.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
About the Author
By James Morris
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Retail

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Retail

Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
RetailCostco
Costco CEO promises the $1.50 hot dog isn’t going away: ‘The price will not change as long as I’m around’
By Sydney LakeJuly 4, 2026
16 hours ago
w
Travel & LeisureWorld Cup
‘I can understand the, um, obesity here’: The World discovers American cuisine at the World Cup
By Dee-Ann Durbin and The Associated PressJuly 4, 2026
17 hours ago
dec
North Americamuseums
A retired insurance executive found a lost Declaration of Independence in Britain’s National Archives
By Danica Kirka and The Associated PressJuly 4, 2026
17 hours ago
Ejay O'Donnell, Bart Szaniewski, and Grant Eastey wear Dad Gang hats in a factory
SuccessEntrepreneurship
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
By Preston ForeJuly 4, 2026
19 hours ago
Americans will eat 150 million hot dogs today. One specific American is predicted to eat 70 of them
North AmericaFood and drink
Americans will eat 150 million hot dogs today. One specific American is predicted to eat 70 of them
By Catherina GioinoJuly 4, 2026
22 hours ago
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
RetailFortune 500
Nike’s self-inflicted wounds are risking CEO Elliott Hill’s nascent comeback
By Phil WahbaJuly 4, 2026
22 hours ago

Most Popular

Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
Success
Even as Elon Musk calls philanthropy ‘very hard,’ everyday Americans gave a record $617 billion—despite feeling the squeeze over the cost of living
By Preston ForeJuly 4, 2026
22 hours ago
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
Law
Egg companies made $1.22 billion in profit off a $6 carton — now they’re buying their way out of a price-fixing case with 53 million donated eggs
By Wyatte Grantham-Philips and The Associated PressJuly 2, 2026
2 days ago
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
AI
Meet the Zillennials: The luckiest micro-generation in the workforce, born between 1993 and 1998
By Nick LichtenbergJuly 3, 2026
2 days ago
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
Economy
Economists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
By Sasha RogelbergJuly 2, 2026
3 days ago
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
Success
$25 billion CEO says one-hour interviews are a waste of time—he puts candidates through six hours of tests and wants them to order wine at lunch
By Orianna Rosa RoyleJuly 3, 2026
2 days ago
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
Success
Three dads started selling hats from a garage with $750—now they’ve sold $35 million worth, partnered with Gary Vee, and grown a community of fathers
By Preston ForeJuly 4, 2026
19 hours ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.