It’s time for one more certainly one of our quarterly US auto gross sales stories. No different media outlet compares US auto business traits with as a lot historical past and depth as we do in these. First, earlier than moving into the automaker comparisons for the second quarter of 2023 versus the second quarters of 2019, 2020, 2021, and 2022, observe that I simply revealed our US EV gross sales report for Q2 2023 as effectively, and mixing core knowledge from that report and this one, it seems that full electrical autos (BEVs) accounted for 7% of US auto gross sales final quarter. That’s on the again of rising Tesla gross sales (which we’ll discuss extra right here) in addition to rising EV gross sales from a handful of legacy automakers.
I’ll begin with the large overview chart first. The large image view from this chart is that many automakers noticed their gross sales drop so much from 2019 to 2020 amidst the COVID-related financial shutdowns, bounced again so much in 2021, however have since declined and are effectively under their Q2 2019 numbers. That mentioned, there are some who’ve bucked the pattern, together with Ford proper on the prime of the gross sales chart, which has seen its gross sales climb from 2020 to 2021 to 2022 to 2023. No different automaker has seen constant (maybe gradual, however constant) gross sales development from 2020 onward aside from EV star Tesla and Chrysler (sure, Chrysler). One might think about this nice information for Ford, however a part of the explanation for that is that Ford didn’t have as large of a post-COVID bounce-back in Q2 2021 as different automakers had.
Simply wanting on the leaders within the second quarter of this 12 months, you’ll be able to see that Ford, Toyota, and Chevrolet are in a decent race for first place, and particularly these first two. Honda is by itself tier in between these three and Nissan. Most notable for the electrical car revolution is that Tesla is within the prime 10, however not close to the extent of the large canines (but) — it’s down in ninth.
how the general auto market has modified previously 4 years, it’s been a little bit of a bouncy trip. As you’ll be able to see under, 2019 gross sales had been effectively above 2023 gross sales (the primary chart under exhibits that Q2 2023 gross sales had been practically 370,000 items decrease than Q2 2019 gross sales). Then, 2020 introduced the COVID pandemic and automobile gross sales collapsed — Q2 2023 gross sales had been greater than 1.1 million items larger than Q2 2020 gross sales. Naturally, Q2 2021 noticed an enormous bounce-back in gross sales — Q2 2023 gross sales pale as compared, ending greater than 786,000 items under Q2 2021 gross sales. Are we attending to a extra “regular,” secure interval once more? Possibly, possibly not. We’ll see what occurs. The EV revolution is simply getting underway, in any case, and we don’t know but how that can have an effect on total gross sales. Plus, there are probably extra financial challenges across the nook. What we will say from the previous 12 months or so is that Q2 2023 auto gross sales had been 360,000+ items larger than Q2 2022 gross sales, a ten% bump 12 months over 12 months.
Now that is the place it actually will get enjoyable. Within the remaining charts, you’ll be able to take a look at automaker-specific adjustments in gross sales going again to Q2 2019.
Honda’s the large winner in comparison with Q2 2022, however Chevrolet, Nissan, Tesla, and Ford all noticed sturdy development quantity smart. Specializing in share development, small EV startups Rivian and Lucid rose to the highest — on the again of a really small variety of gross sales in 2022.
Wanting again two years, Tesla has seen probably the most gross sales development, up greater than 88,000 items (106%). Ford and Chrysler are additionally celebrating once more.
Humorous sufficient, Toyota was doing so badly in Q2 2020 that its gross sales rose probably the most, quantity smart, for this time interval. Tesla, second within the chart for this metric, was first when it got here to share change, up a whopping 431%! Maybe extra shocking, Chrysler was up 255%! Mitsubishi additionally noticed a surprisingly large enhance comparatively talking. Getting again to quantity or unit development, simply behind Toyota and Tesla had been Chrysler, Ford, after which Kia.
If we go all the way in which again to 2019, we will see that Tesla has had probably the most enchancment in these 4 years, with gross sales rising by 213%, or 116,000+ items — from 54,700 gross sales to 171,000 gross sales. Total, the US auto business declined 8% in that timeframe. Greater than half of auto manufacturers noticed their gross sales drop. For those who take away Lucid and Rivian (since they weren’t delivering autos to clients in Q2 2019), 12 auto manufacturers had a rise in gross sales in that timeframe and 18 auto manufacturers noticed a drop in gross sales.
That’s the story, however if you wish to have extra enjoyable with that large chart on the prime, an embedded model is under.
Additionally, when you’ve got notes so as to add — or any questions — drop them into the feedback under this text.
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Tesla Gross sales in 2023, 2024, and 2030
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