Which carmakers are making progress in the USA over 9 months 2024?
- While the US passenger car market (including pickups) increased by 0.4% in the first 9 months of 2024, which carmakers saw their sales increase sharply and which ones saw their sales decline sharply?
- Already in terms of volumes, the GM group remains the leader of the US market in 2024, with a 16.5% market share in the first 9 months of 2024, ahead of the Toyota group (Toyota, Lexus) which represents a 14.7% market share.
- The Ford group maintains its third place with a market share of 12.9%, despite the end of its sedans. It is followed by the Hyundai-Kia group (10.6% market share) which benefited from the abandonment of sedans by the Big Three (GM, Ford, Chrysler). Honda (9.0% market share) moves from sixth to fifth place in the US market, taking advantage of the difficulties of Stellantis (8.4% market share), which stopped production of its sedans last December and suffered from the end of life of its Ram pickup. Next come Nissan (6.6% market share), then Subaru, Volkswagen and Tesla (around 4% market share).
- The carmakers that are making the most progress in 2024 are Fisker, Ineos, Vinfast and Rivian, but with very modest volumes. Fisker took advantage of its bankruptcy filing to sell off its unsold cars at half price... Among the major carmakers, Honda is doing best with a 9.0% increase in its sales.
- The carmakers that are falling the most in 2024 are Stellantis (-17.0%) and Tesla (-13.1%). Regarding Tesla, the evolution of sales is uncertain with the election of Donald Trump to the presidency of the United States. Indeed, Donald Trump denigrated electric vehicles in his election campaign. But because of his proximity to Elon Musk, he seems to have changed his point of view. "I am for electric vehicles, I must be since Elon Musk strongly supported me" he declared at his speech in Atlanta.