The US passenger car market grew by 11.6% in the first half of 2023
- The US passenger car market grew by 11.6% in the first half of 2023, compared to the first half of 2022, with a volume of 7,670,589 passenger cars including pick-ups which represent a traditionally large share of the USA market (18.7% over the period). We should logically reach 15 million units over the whole of 2023. This is not a record since the USA market had exceeded a volume of 15 million units 24 times since 1985.
- By carmaker, the GM group (16.8% of the market) has increased its lead over Toyota (13.5% of the market) and Ford (13% of the market) in 2023, while it should be remembered that Toyota had outstripped GM in 2021, for the first time. GM managed to revive its sales, in particular those of its Malibu sedan while the carmaker had decided to stop all its sedans in 2021.
- Behind the three leaders of the US market, we note the presence of the Korean Hyundai-Kia (10.7%) which is growing strongly and ahead of the Stellantis group (10.5%) for the first time. Then follow Honda (8.2%) and Renault-Nissan (7%). Tesla (3.7%) is tenth but places its Model Y and Model 3 models in a good position in the top 25 (4th and 11th). The Big Three (GM, Ford, Chrysler) represent only 40% of the US market in the first half of 2023, the lowest figure ever recorded.
- BEVs represent 6.5% of the US market in the first half of 2023, a share that is well behind the Chinese market and the European market. The best-selling model (all engines combined) is the Ford F-Series, which has held this position for decades, ahead of the Chevrolet Silverado and Ram pick-ups as always.