The Tesla Model Y is the best-selling model in Europe in the first 6 months of 2023
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The Tesla Model Y is the best-selling model in Europe in the first 6 months of 2023
China's passenger car market grew by 8.9% in the first half of 2023
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China's passenger car market grew by 8.9% in the first half of 2023
- China's passenger car market grew by 8.9% in the first half of 2023, compared to the first half of 2022, with a volume of 11,268,226 passenger cars. We should logically reach 24 million units over the whole of 2023. This is not a record as the Chinese market had exceeded a volume of 24 million units in 2016 (24.4 million) and in 2017 (24.7 million). 2023 should be the third best year for the Chinese market.
- By carmaker, the Volkswagen group (12% of the Chinese market) narrowly keeps its leading position that it has held since the 1990s, as Chinese BYD (11% of the market) made an extraordinary breakthrough in 2023 by doubling its sales (thanks to its different electric models) compared to last year. It is very likely that BYD will rise to the top spot before the end of the year. Four BYD models are also among the top 10 selling models in China in 2023. BYD seems to have completely ousted the WulingHongGuang Mini EV which fell to 0.3% of the market in 2023! Behind Volkswagen and BYD, the other carmakers are very disconnected. Toyota (7.2% of the market) and the GM group (7% of the market) ex-second which lost 200,000 sales compared to 2022 (mainly the WulingHongGuang Mini EV) slightly heads Geely (7%), Changan (6.8%) and Chery (6.2%). Tesla, which is progressing, is ninth with 4.2% of the Chinese market in 2023. Thanks to the strong growth of BYD, Chinese carmakers achieve a new record of 55% market share in China in the first half of 2023 (compared to 48% in 2022).
- BEVs represent 22.7% of the Chinese market in the first half of 2023. The best-selling model, all engines combined, is the Tesla Model Y (2.8% of the market), which is ahead of three BYD models and the Tesla Model 3 (1.4 % of the market).
The US passenger car market grew by 11.6% in the first half of 2023
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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.
The Tesla Model Y is the best-selling model in China in the first 6 months of 2023
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The Tesla Model Y is the best-selling model in China in the first 6 months of 2023
The Tesla Model Y is the 4th best-selling model in the United States in the first 6 months of 2023
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The Tesla Model Y is the 4th best-selling model in the United States in the first 6 months of 2023