US Auto Trade Up 10% In 4th Quarter — However Down 16% In contrast To This fall 2019


The US auto business is really on the rebound. Within the third quarter, gross sales rising 1% in comparison with the third quarter of 2021, the primary optimistic development shortly. However was it only a fortunate little blip? Seemingly not, as US auto business gross sales within the 4th quarter of 2022 have been 10% greater than US auto business gross sales within the 4th quarter of 2021.

So, the US auto business is on the rise, however what concerning the particulars? Which manufacturers are up, and that are down? Right here’s a radical This fall vs. This fall comparability going again via 2019. Whilst you would possibly discover year-over-year comparisons of the US auto business and even auto manufacturers elsewhere, I don’t suppose you’ll discover this degree of comparability going again to pre-Covid occasions anyplace else on the web. So, in case you like this type of factor, seize some popcorn, get comfortable, and leap in under.

To begin off, let’s simply have a look at a chart of gross sales by auto model.

There are three clear leaders — Toyota, Ford, and Chevrolet. Honda and Hyundai appear to have grasp on #4 and #5. The story by way of clear expertise is that Tesla is already within the high 10, in ninth place. That’s up from #11 within the third quarter of 2022. Additionally, there’s a possibility to climb as much as eighth, seventh, sixth, or even perhaps fifth with a bit extra of a gross sales bump. Can Tesla get there by the top of 2023? Does it want the Cybertruck or one other new mannequin with a purpose to break into the highest 5?

Heck, dreaming massive, Tesla might even intention for #4. It’s gorgeous, but it surely’s inside attain — even with only a handful of fashions.

Trying on the total market development, you’ll be able to see that auto gross sales have been up within the 4th quarter in comparison with the 4th quarter of 2021, however they have been down considerably in comparison with This fall 2020 or 2019. They have been down 16% in comparison with three years prior.

In This fall 2022 vs. This fall 2021, about half of auto manufacturers noticed their gross sales enhance whereas about half noticed their gross sales lower. Clear winners by way of quantity development have been Chevrolet and Toyota. Key winners by way of proportion development have been Cadillac and Audi. Tesla was fifth by way of quantity development in addition to proportion development.

By way of manufacturers that misplaced some spark, Jeep and Honda topped the checklist by way of unit gross sales, whereas Fiat (-56%) and Chrysler (-39%) have been worst by way of a proportion drop.

Recall that, total, the business was up 10% in This fall 2022 versus This fall 2021.

Evaluating This fall 2022 to This fall 2020, solely Tesla had sturdy quantity development, and it additionally led by far by way of proportion development. Chevrolet, Honda, and Toyota misplaced essentially the most in quantity phrases, whereas Fiat (-84%) and Alfa Romeo (-50%) did in proportion phrases.

In comparison with This fall 2019, few corporations have seen enchancment prior to now 3 years. Most have seen important gross sales drops. Tesla, nonetheless, has seen huge development, up 96,400 or 180% in This fall 2022 in comparison with This fall 2019. Porsche noticed 27% development, up by 4,449 items. Kia, Hyundai, and MINI noticed modest development, and BMW noticed tiny development. All different legacy automakers noticed their gross sales decline. Honda, Ford, Nissan, Chevrolet, and Jeep noticed the largest quantity declines, whereas Fiat (-93%), Infiniti (-54%), Dodge (-49%), and Buick (-45%) noticed the largest proportion declines.

To wrap up, let’s have a look at a massive chart. Under is a chart displaying the This fall US gross sales for every auto model from This fall 2019 via This fall 2022. Other than a yearly comparability (coming quickly), that is the most effective view we are able to get concerning the trajectory of every auto model in the US.

Toyota, the highest promoting within the nation, noticed a bounce in This fall 2022 after an enormous decline from This fall 2020 and even This fall 2019. Is it on the upswing with the economic system rebounding and the automotive chip disaster enhancing? Or is that this a “lifeless cat bounce” deception?

Ford is in a little bit of a worse state. Regardless of being #2 within the US auto market, it has seen a constant decline 4th quarter after 4th quarter.

Chevrolet has adopted roughly the identical development as Toyota, implying that there’s one thing happening within the business, and particularly for manufacturers with extra low-cost, high-volume fashions.

Honda and Nissan, nonetheless, adopted the identical straight-decline development as Ford. So, choose the development that you simply suppose is stronger for an business takeaway.

Hyundai, Kia, and Subaru have been roughly secure (with some ups and downs via the 4 years in fact).

Then we get to Tesla, which has risen to ninth within the US auto market, up from 18th in This fall 2019.

The business is altering. That’s sure. The place will the US auto business be within the 4th quarter of 2023?

For additional enjoyable, under is an interactive model of the final static chart used above. Observe, nonetheless, that it might not present effectively on a cell phone. Make sure to test it out on a pc for finest viewing and interplay.

Associated story: US Auto Gross sales Down 21% Vs. Q3 2019 — Tesla Up 169%


I do not like paywalls. You do not like paywalls. Who likes paywalls? Right here at CleanTechnica, we applied a restricted paywall for some time, but it surely all the time felt unsuitable — and it was all the time powerful to determine what we should always put behind there. In principle, your most unique and finest content material goes behind a paywall. However then fewer individuals learn it! We simply do not like paywalls, and so we have determined to ditch ours.

Sadly, the media enterprise continues to be a troublesome, cut-throat enterprise with tiny margins. It is a unending Olympic problem to remain above water and even maybe — gasp — develop. So …


Leave A Reply

Your email address will not be published.