US Gasoline Automotive Gross sales Down 1% Whereas Electrical Automotive Gross sales Up 8%

By Imran Last updated Dec 30, 2024

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It’s time once more to look again on quarterly US auto gross sales, evaluating Q3 2024 to Q3 2023, Q3 2022, Q3 2021, Q3 2020, and Q3 2019. In different phrases, we’re going manner again to attempt to get an excellent image of auto gross sales developments within the nation. In fact, a number of years there have been actually disrupted by COVID-19 in addition to the Russian invasion of Ukraine, which is a part of the explanation why I like trying again to 2019. Preserve that in thoughts when trying out a number of the charts. To start out with, let’s take a look at the large image, evaluating Q3 2024 gross sales to all of these quarters above in two charts.

As you possibly can see, general auto gross sales have been down by 365,000 models, or 8%, in Q3 2024 in comparison with Q3 2019. They have been additionally down barely, by 9,641 models or 8%, in comparison with Q3 final 12 months. They have been up barely in comparison with Q3 of COVID 12 months 2020, and up massively in comparison with Q3 2021 and Q3 2022.

Electrical automobile gross sales, in fact, have grown yearly. They have been up 8% in comparison with Q3 2023 and up 474% in comparison with Q3 2019.

For one more huge image view, beneath is a particularly giant chart exhibiting these developments going again to Q3 2019 for every automaker. An interactive model of the chart is out there on the underside of the article for simpler viewing. The important thing factor right here general is which you could see many automakers have seen their gross sales decline considerably since 2019, however some automakers have bucked that pattern, particularly in 2024, and grown their gross sales. In fact, Tesla’s gross sales are up a number of occasions over, and different EV startups have risen from nothing (0 gross sales) to the place they’re at this time.

For a extra detailed look, let’s dive into quarter-over-quarter comparisons. We’ll begin manner again in 2019.

Evaluating Q3 2024 to Q3 2019 gross sales, Tesla gross sales are up massively — by greater than 118,000 models and 243%. Mazda, Subaru, Kia, and Hyundai additionally noticed a notable rise. On the flip facet, eight automakers declined considerably in quantity phrases (Nissan, Jeep, Toyota, Chevrolet, Dodge, Ford, Ram, and Honda), and a number of other small auto manufacturers declined dramatically in share phrases (Fiat, Alfa Romeo, MINI, and Infiniti).

I’m going to skip dialogue of the following few years since they have been warped a lot by huge macro points, however will embody the charts beneath. I’ll catch again up with you to debate comparisons to Q3 2023 manner down beneath all of those charts.

The massive modifications listed below are in all probability a bit extra shocking or out of the blue. Subaru gross sales have jumped tremendously. Honda and Mazda gross sales are up fairly a bit. After which Jaguar Land Rover, Tesla, Mercedes, and Hyundai gross sales are up by greater than 10,000 models.

On a share foundation, a number of small manufacturers — Brightdrop (EVs), Fiat, Lucid (EVs), and Mitsubishi — noticed a pleasant bounce, as did Jaguar Land Rover and Subaru once more.

Simply taking a look at whole auto model gross sales in Q3 2024, Ford remains to be king of the hill, Toyota is shut behind, and Chevrolet has a transparent grip on third place if it doesn’t discover a solution to climb above Ford and Toyota. Honda’s solidly 4th earlier than you get to the mid-tier the rest of the highest 10 — Subaru, Hyundai, Kia, Nissan, Tesla, and GMC.

I’ll dive into the EV portion of gross sales and EV developments in comparison with fossil gasoline automobile developments in one other article or two. Keep tuned! Within the meantime, right here’s that interactive chart I discussed above (finest seen on an actual laptop):