Up to date on
Reviewed by Steve Rogers
Wish to know the present state of the automotive business within the US? Listed below are the most recent 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 automobiles and lightweight vehicles have 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 median of $49,468 for a brand new automobile.
- Vehicles accounted for 79.24% of all auto gross sales within the US in early 2023.
- Electrical automobiles reached 8% of all new automobiles bought within the US in January 2023.
- 762,883 totally electrical automobiles have been bought within the US in 2022.
New Automotive Gross sales
In response to S&P World Mobility, US mild automobile gross sales quantity from January 2023 to February 2023 reached 2.13 million items. Trade forecasts recommend a variety from 14.1 million to fifteen million automobiles 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 automobiles and lightweight vehicles from a number of sources and might not be comparable between some years attributable to variations in methodology. Gross sales quantity might include leases. Knowledge for 2023 are forecasts.
Most Fashionable Automotive Manufacturers
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].Â
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 |
| Complete | 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
Vehicles by Ford (653,957 items), Chevrolet (513,354), and Ram (468,344) took 3 prime locations amongst best-selling automobile fashions within the US in 2022[6].
A complete of 14 automobiles bought over 200,000 items every in 2022.
Right here’s a whole record of best-selling automobiles within the US primarily based on 2022 knowledge:
Common Value of a New Automobile Offered
In response to Kelley Blue Ebook, $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 automobiles 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. Practically 2-in-10 (19.5%) automobiles bought within the US in February 2023 accounted for the posh section.
The typical 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 automobiles have been bought within the US in 2022, accounting for 5.7% of all auto gross sales within the nation[9].Â
Gross sales of totally electrical automobiles within the US in 2022 elevated by 3.1x over 2020. Primarily based on S&P World estimates, battery electrical automobiles reached 8% market share within the US in January-February 2023[1].
Most Fashionable EV Fashions
The electrical automobile market within the US is dominated by Tesla (with Mannequin Y and Mannequin 3 as its prime two best-selling automobiles), with a 66.86% market share amongst electrical automobiles bought within the US in 2022, accounting for 510,058 items[9].Â
The preferred non-Tesla EV fashions have been the Ford Mustang Mach-E (39,458 items bought) and the Chevy Bolt (38,120 items bought).Â
The content material on finmasters.com is for academic and informational functions solely and shouldn’t be construed as skilled monetary recommendation. Finmasters will not be a monetary establishment and doesn’t present any monetary services or products. We try to offer up-to-date data however make no warranties concerning the accuracy of our data.