US passenger car and pick-up market is stable over 9 months 2024
- The US passenger car market (including pickups) grew by 0.4% in the first 9 months of 2024, reflecting relative stability. The volume of passenger car (sedans, SUVs, MPVs) and pickup truck registrations in the United States stands at 11,771,403 units over the period, compared to 11,729,097 over the first 9 months of 2023. We can therefore expect a volume of 15.6 million vehicles registered over the whole of 2024, which corresponds more or less to the volume recorded in 2023.
- The new Trump presidency could reverse some of the CO2 targets announced by the Biden administration, but at the same time, it might not erase the sales targets for electric cars in the United States due to Elon Musk's closeness to Donald Trump and his entourage, a closeness that could be considered by some as one of the reasons for Trump's success in the American presidential election.
- The Tesla Model Y and Model 3 are leading the market in terms of registrations of battery electric cars in the US market, with 30,000 and 15,000 units per month respectively, while the Model S and Model X have all but disappeared from the market, with 1,000 units per month for each model. Interestingly, the Cybertruck pickup is now registering 5,000 sales per month, which puts it in third place in the US BEV market behind the Model Y and Model 3, and well ahead of its competitors the Ford F-150 Lightning and Chevrolet Silverado EV.