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Need to know the present state of the automotive business within the US? Listed below are the newest stats on the US automobile market, together with gross sales quantity, best-selling manufacturers, common transaction value, and extra.

Let’s dive proper in.

Key Findings

  • Round 13.74 million vehicles and lightweight vehicles had been bought within the US in 2022.
  • US auto gross sales quantity reached 2.13 million items in January-February 2023, with a forecasted 14.8 million in 2023.
  • The US automobile purchaser pays a mean of $49,468 for a brand new automobile.
  • Vans accounted for 79.24% of all auto gross sales within the US in early 2023.
  • Electrical autos reached 8% of all new autos bought within the US in January 2023.
  • 762,883 absolutely electrical autos had been bought within the US in 2022.

New Automotive Gross sales

In keeping with S&P World Mobility, US mild automobile gross sales quantity from January 2023 to February 2023 reached 2.13 million items. Business forecasts counsel a variety from 14.1 million to fifteen million autos in 2023 US auto gross sales[1].

US auto gross sales quantity in 2022 hit 13.74 million items, the bottom since 2012, with gross sales constrained by rising costs and excessive rates of interest[2].

Observe: The desk above incorporates knowledge for passenger vehicles and lightweight vehicles from a number of sources and is probably not comparable between some years resulting from variations in methodology. Gross sales quantity might comprise leases. Knowledge for 2023 are forecasts.

Primarily based on Motor Intelligence estimates, Ford (289,480 items), Toyota (252,281), and Chevrolet (239,191) led the rating of hottest automobile manufacturers by gross sales within the US in early 2023 (from January to February)[3]

When damaged down by class, mild truck gross sales dominated auto gross sales within the US, accounting for a 79.24% share in January – February 2023.

🛻 Right here’s the total auto gross sales rating by model within the US in 2023 (January – February):

Model Automotive gross sales quantity Truck gross sales quantity All, Jan – Feb 2023
Ford 8,981 280,499 289,480
Toyota 76,258 176,023 252,281
Chevrolet 29,782 209,409 239,191
Honda 54,371 93,494 147,865
Nissan 34,483 88,660 123,143
Tesla 45,680 68,520 114,200
Kia 32,806 80,036 112,842
Hyundai 28,238 80,807 109,045
Jeep 0 98,013 98,013
Subaru 32,663 57,500 90,163
GMC 0 84,504 84,504
Ram 0 80,598 80,598
Mazda 5,930 47,676 53,606
Mercedes-Benz 15,520 34,664 50,184
BMW 20,033 27,906 47,939
Volkswagen 3,742 38,829 42,571
Lexus 9,147 32,446 41,593
Audi 12,042 21,564 33,606
Dodge 20,548 9,693 30,241
Buick 0 22,963 22,963
Cadillac 4,843 17,149 21,992
Acura 6,811 13,085 19,896
Chrysler 1713 16,264 17,977
Volvo 1160 15,093 16,253
Porsche 4,496 9,775 14,271
Mitsubishi 2,293 10,554 12,847
Lincoln 0 11,967 11,967
Land Rover 0 11,746 11,746
Infiniti 932 8,569 9,501
Genesis 2,202 5,911 8,113
Rivian 0 5,139 5,139
MINI 2,688 1523 4,211
Polestar 2,025 0 2,025
Jaguar 221 1360 1581
Alfa Romeo 569 838 1407
Maserati 249 933 1182
Lucid 848 0 848
Bentley 351 264 615
Ferrari 439 0 439
Lamborghini 157 247 404
Rolls Royce 108 121 229
Fiat 2 70 72
Karma 6 0 6
Whole 462,337 1,764,412 2,226,749

Primarily based on full 2022 gross sales knowledge, the identical 3 main automobile makers (Ford, Toyota, Chevrolet) topped the rating of hottest automobile manufacturers within the US with 5.03 million bought items throughout 3 manufacturers within the US alone[4].

A complete of 12 automobile manufacturers (incl. Honda, Hyundai, Jeep, Nissan, amongst others) hit a milestone of over a half million bought items every in 2022 within the US[5].

Finest-Promoting Automobiles

Vans by Ford (653,957 items), Chevrolet (513,354), and Ram (468,344) took 3 high locations amongst best-selling automobile fashions within the US in 2022[6].

A complete of 14 vehicles bought over 200,000 items every in 2022.

Right here’s a whole checklist of best-selling vehicles within the US based mostly on 2022 knowledge:

Common Value of a New Car Offered

In keeping with Kelley Blue E-book, $48,763 was the common transaction value for a brand new automobile throughout all segments within the US in February 2023, a slight lower from $49,468 in January 2023[7].

When contemplating solely the non-luxury autos class, the automobile purchaser within the US paid $44,697 for a brand new automobile within the US in February 2023; amongst luxurious patrons, that was $65,534 in the identical month. Almost 2-in-10 (19.5%) autos bought within the US in February 2023 accounted for the posh section.

The common transaction value for a brand new electrical automobile bought within the US reached $58,385 in February 2023[8].

EV Gross sales Quantity

Primarily based on CleanTechnica estimates, 762,883 items of battery electrical autos had been bought within the US in 2022, accounting for 5.7% of all auto gross sales within the nation[9]

Gross sales of absolutely electrical autos within the US in 2022 elevated by 3.1x over 2020. Primarily based on S&P World estimates, battery electrical autos reached 8% market share within the US in January-February 2023[1].

The electrical automobile market within the US is dominated by Tesla (with Mannequin Y and Mannequin 3 as its high two best-selling vehicles), with a 66.86% market share amongst electrical autos bought within the US in 2022, accounting for 510,058 items[9]

The most well-liked non-Tesla EV fashions had been the Ford Mustang Mach-E (39,458 items bought) and the Chevy Bolt (38,120 items bought).