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

Trendingnow

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less

1

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic

2

The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting

3

Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
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

Walmart’s $1.4 billion Vibe.co deal is a direct shot at Amazon’s booming ad business
Retailecommerce
Walmart’s $1.4 billion Vibe.co deal is a direct shot at Amazon’s booming ad business
By Phil WahbaJune 25, 2026
4 hours ago
A Viking ship named Havhingsten af Glendalough - the Sea Stallion of Glendalough -, the world's largest replica of a Viking warship, sets out 01 JUly 2007 from the Viking Museum in Roskilde, Denmark, on a voyage to Dublin in Ireland, where it is scheduled to arrive 14 August.
EuropeScience
1,000-year-old massive textile factory unearthed in Denmark—and it belonged to the Vikings
By James Brooks and The Associated PressJune 24, 2026
13 hours ago
How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
HealthGen X
How ‘Ozempic face’ is pushing Gen X, already the biggest Botox and filler consumers, to the facelift table a decade early
By Mia OsmonbekovJune 24, 2026
14 hours ago
Institute's Global Conference at the Beverly Hilton Hotel,on May 6, 2024 in Beverly Hills, California.
RetailSpaceX
Elon Musk was the world’s first trillionaire for 12 days
By Eva RoytburgJune 24, 2026
15 hours ago
Mamdani’s picks sweep New York City’s congressional primaries, ousting two incumbents
PoliticsNew York
Mamdani’s picks sweep New York City’s congressional primaries, ousting two incumbents
By The Associated PressJune 24, 2026
19 hours ago
a
RetailAmazon
Amazon’s record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
20 hours ago

Most Popular

Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
Success
Now worth $200 million, Sarah Jessica Parker credits being ‘one of eight kids that struggled financially’ for her hunger, ambition, and work ethic
By Orianna Rosa RoyleJune 24, 2026
1 day ago
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
Economy
The Pentagon said Iran War costs $29 billion, but the real cost is closer to $200 billion—and counting
By Jacqueline MunisJune 24, 2026
1 day ago
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
Retail
Amazon's record Prime Day masks a darker truth: Americans are spending more and getting less
By Nick LichtenbergJune 24, 2026
20 hours ago
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
Success
After forcing workers back to the office, Goldman Sachs and JPMorgan Chase are now letting their staff work remotely—but only for the World Cup
By Orianna Rosa RoyleJune 23, 2026
2 days ago
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
Asia
Ray Dalio just finished a 10-day trip to China. He says global leaders know America ‘doesn’t have what it takes to fight to maintain its empire’
By Nick LichtenbergJune 24, 2026
21 hours ago
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
Economy
Trump’s international student crackdown kicked off a domino effect that could shave nearly $500 billion off the economy
By Tristan BoveJune 24, 2026
16 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.