The U.S. auto industry experienced a significant rebound in sales in 2023, with a reported total sales of approximately 15.5 million vehicles, marking a ~13% increase from the previous year. This surge in sales has been attributed to a combination of pent-up demand and improved vehicle availability at dealerships. Tesla, in particular, had a standout year, selling 1.8 million electric vehicles, with the Tesla Model Y not only becoming the best-selling car globally but also the best-selling EV. The industry's recovery marks its best year since the global health crisis, driven by easing supply constraints and sustained consumer demand. Electric vehicles (EVs) also saw a substantial increase in sales, with 1.4 million EVs sold in the U.S., accounting for 9% of all cars sold, while hybrids comprised an additional 8.7%. Tesla's U.S. market share increased to 4.20%. Despite the overall growth, the industry is anticipating challenges in the new year. Ford reported a 7.1% increase in U.S. sales, reaching nearly 2 million vehicles, including a 24% quarter-over-quarter increase in EV sales in Q4. BMW achieved a milestone, selling over 2.5 million units, with its total annual sales up 6.5%, and reaching a 15% share of battery-electric vehicles in its sales mix.
BMW is ‘confident’ it can maintain its battery-electric sales trajectory next year, the company said as the company reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles https://t.co/ZcQVHfKoMp https://t.co/O6CZJ9ZGCA
WATCH: BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles, the carmaker said https://t.co/DNdTslJgMs https://t.co/VhWI8wQCpl
BMW Group reported record sales of over 2.5 million units in 2023 with fourth quarter sales reaching 718,778 cars, and total annual sales up 6.5% https://t.co/ZcQVHfKoMp https://t.co/1qQ3dbyU5U
WATCH: The German auto giant BMW Group reported that it shifted more than 2.5 million units in 2023, and also reached its aim of a 15% share of battery-electric vehicles https://t.co/DNdTslIIWU https://t.co/aX4CInuE9D
The German auto giant BMW Group reported that it shifted more than 2.5 million units in 2023, and also reached its aim of a 15% share of battery-electric vehicles https://t.co/ZcQVHfKoMp https://t.co/tvCKjvvvRQ
U.S. sales of new vehicles rose 12% in 2023, per MarketWatch.
BMW Group reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles, the carmaker said https://t.co/ZcQVHfKoMp https://t.co/V8tCpkxGUs
WATCH: BMW is ‘confident’ it can maintain its battery-electric sales trajectory next year, the company said as the company reported record sales of over 2.5 million units in 2023 and hit its target of a 15% share of battery-electric vehicles https://t.co/DNdTslIIWU https://t.co/LtyYxkbiv2
BMW hits 2023 sales target, on track for EV goals in 2024 https://t.co/DwV41FBadB https://t.co/Jn4x8dKeEY
BREAKING: Model Y was the best-selling car in the world in 2023 The mainstream media and haters said this was impossible Congratulations @tesla @elonmusk https://t.co/Ca2T9fNVzi
NEWS: For the first time ever, Tesla now has more market share in the U.S. than Volkswagen and Subaru. Tesla captured 4.20% market share in the U.S. in 2023. https://t.co/Uh9jVNIjhD
NEWS: Tesla's US market share increased to 4.20% in 2023, up from 3.8% in 2022. https://t.co/2NKw6pNrza
The Tesla, $TSLA, Model Y was the best-selling car in the world in 2023, per BI.
The Tesla Model Y & 3 were the best selling EVs in the world in November 2023 once again, outselling even much cheaper models like the BYD Seagull that start at $10,700 USD. $TSLA https://t.co/VXMhAfStDO
More than one third of all EVs in the US were bought in 2023, according to the Department of Energy 🚗 https://t.co/UTQubEP8VL
9% of cars sold in the U.S. in 2023 were electric An additional 8.7% were hybrids. Together EVs & hybrids made up 17.7% of light vehicle sales. https://t.co/PhNl8V575n
NEWS: The US Energy Department has released a new statement: "In 2023, more than 1.4 million EVs were sold in the United States — a 50% increase in one year; The Biden Administration's industrial policy for clean energy is helping to deliver this transition." Tesla made up an… https://t.co/WdFAFee3EH
Wow. 1.4 million EVs sold in the US in 2023 https://t.co/jvrrBl147l
NEWS: BMW sold a total of 45,417 battery EVs in the US in 2023, 12.5% of the brands total sales volume. “We attribute the success of 2023 to two main factors – the strength, breadth, & quality of our product line-up, & the close collaboration with our dealership network" https://t.co/QIRrTFBGDp
The future is now. Model Y is the best selling car in 2023. EVs have arrived. https://t.co/HNsPaCOQhy
US auto sales boosted by price cuts in 2023 https://t.co/BAfC9cKRPm
🇺🇸🚗 TOP 20 VEHICLES SOLD IN THE U.S. IN Q4 2023 (Reuters) 👑 The crown goes to Tesla Model 3/Y $TSLA https://t.co/ixeCpHPMM8
NEWS: The Model 3 and Model Y were the most popular used EVs in America in 2023. https://t.co/OdBPYdI5is https://t.co/myXPJ4gSvy
$F: U.S. SALES CLIMB 7.1% TO NEARLY 2M VEHICLES IN 2023 $F: IN U.S. SOLD 25,937 EVS IN Q4, UP 24% OVER Q3 SALES #EV #ElectricVehicles
Ford $F just released its 2023 and Q4 🇺🇸 sales data Ford sold 1.9 Million vehicles in 2023 up 7.5% YoY. Ford sold 72.6K EVs in 2023 up 17.9% YoY https://t.co/KNMT1vuIaw
.@Ford sold 72,608 EVs in the United States in 2023, up 18%
$F 🔸FORD MOTOR CO: FORD U.S. SALES CLIMB 7.1% TO NEARLY 2M VEHICLES IN 2023 🔸FORD MOTOR CO: IN U.S. SOLD 25,937 EVS IN Q4, UP 24% OVER Q3 SALES
The US auto industry had its best year in sales in 2023 since the global health crisis, with total sales of about 15.5 million vehicles, according to industry consultant Cox Automotive https://t.co/PMl4ytyaXe https://t.co/fFUyZ57ZJc
7.2% of sales in 2023 were EVs (87,217), over double that of 2022 (3.2%, 33,410) **BUT** More cars than ever were sold (1.2m), and 12.7% of these were utes with CO2 emissions over double that of the EU limit (95gm/km) Ranger - 199gm/km Hilux - 199gm/km D-Max - 202gm/km
⚡Breaking: Vfacts are out.. in 2023, there were 87,217 electric vehicles sold. This is up from 33,410 in 2022. This equates to around 7.2% of new car sales. https://t.co/5DgXWxkpGN
The US auto industry had its best year in sales in 2023 since the global health crisis, thanks to easing supply snags and sustained demand driving sales Read more: https://t.co/jVpumLKg0l https://t.co/nUvmjhtA0g
The US auto industry had its best year in sales in 2023 since the global health crisis, thanks to easing supply snags and sustained demand driving sales https://t.co/PMl4ytyIMM https://t.co/wi61ZRfX8C
The Tesla Model Y was the best selling vehicle in the world in 2023. It has also surpassed the Model 3 and became the best selling electric vehicle in history. Congrats to the entire Tesla team on this monumental achievement! ⚡️ $TSLA https://t.co/bDyQqrhGhQ
2023 was the first time the best selling car model on Earth was electric — the Tesla Model Y
U.S. auto sales boomed in 2023 https://t.co/ZnvSwucjnn
Congratulations to the Tesla team — Model Y was the best selling car in the world in 2023!
Tesla sold 1.8 million electric vehicles in 2023 https://t.co/5hR1Sti4j1
🇺🇸 AUTO SALES BOUNCED BACK IN 2023 Major automakers are expected to report their 2024 sales tallies today. Analysts project industrywide sales of new cars for the US could reach nearly 15.5M in 2023, up ~13% from 2022 - WSJ
US auto sales surge in 2023, but challenges loom for the coming year https://t.co/7GT7WppLZv https://t.co/onwVRWo1GH
US auto sales likely jumped in 2023; new year to be challenging https://t.co/qqd4SytUgh https://t.co/rBRGKHcoZC
⚠️ US AUTO SALES LIKELY JUMPED IN 2023; NEW YEAR TO BE CHALLENGING Full Story → https://t.co/GOCPz2wmWv https://t.co/2wFQRquOOO
U.S. auto sales rebounded in 2023, boosted by pent-up demand and better availability on dealership lots https://t.co/Q9OIIkibUZ https://t.co/Q9OIIkibUZ