[ Creating one thread for all updates and discussion going forward. ]
January 2024
Summary:
Answer:
Question: So far in 2024, which brands sold the most cars and of what type?
Answer:
Question: So far in 2024, which brands sold the most BEVs and which models?
Answer:
Question: What is the sales trend for BEVs for the top selling brands?
Answer:
January 2024
Summary:
- A strong month for all vehicle sales, with 15% increase in sales compared to December 2023 – 24,691 compared to 21,477 vehicles. An 18% increase compared to Jan’23 (20,984)
- ICE and PHEV increased share, with HEV and BEV slightly losing share - BEVs 17.3%, HEV 15.8%, ICE 62.3%, PHEV 4.6%.
- Toyota sold the most vehicles, but Tesla moved to second place with Subaru dropping to third. The Tesla Model Y was the best-selling vehicle, beating the Toyota Rav4 and Honda CR-V.
- For BEV’s, Tesla share increased from 55% to 57% of all BEV sales.
- One Rolls Royce Spectre was sold in Island county!
Answer:
- ICE share has significantly declined since 2017 with hybrids and BEV’s taking share. ICE has declined from 93% of vehicles registered in 2017 to 62% of vehicles registered so far in 2024.
- BEV (all battery) share has increased from 1.5% share in 2017 to 17.3% so far in 2024.
- The share of hybrid (HEV) and plug-in hybrid (PHEV) have increased to 16% and 5% respectively so far in 2024.
- For King County so far in 2024, ICE sales have declined to 54%, with BEV sales increasing to 25%. One quarter of all vehicle sales in King County are BEVs!
Question: So far in 2024, which brands sold the most cars and of what type?
Answer:
- Toyota easily leads the way in 2024 new vehicle sales, selling 18.5% of all vehicles, almost twice the number of vehicles as second place Tesla, with Subaru in a close third. 52% of Toyota sales were hybrids, 4% plug-in hybrids.
- The Tesla Model Y is the top-selling vehicle in the state, leading the Toyota Rav4 and Honda CR-V. The Tesla Model 3 is fifth.
- Given the increasing popularity of BEVs and hybrids, Subaru could be in trouble as they mainly have ICE models, with their only BEV being the uncompetitive rebadged Toyota.
Question: So far in 2024, which brands sold the most BEVs and which models?
Answer:
- Tesla sold 57% of all BEVs, with Rivian (6%) and Ford (5%) next. Tesla’s dominance may have been helped by the point-of-sale tax credit for the Model Y. They sold almost 10x second place Rivian and third place Ford!
- Tesla MY and M3 were best-selling BEVs, with Rivian doing well with R1S in third (given the high price).
Question: What is the sales trend for BEVs for the top selling brands?
Answer:
- We’ve already seen that Tesla dominates BEV sales.
- For everyone other than Tesla:
- Rivian doing well, especially given high price of the vehicles and only qualifying for the smaller $3,750 tax credit.
- Surprising to see Hyundai losing sales, given their aggressive discounts and well-reviewed cars.
- Chevrolet numbers will drop in 2024 as the Bolt has been discontinued and the Blazer EV has had sales postponed.
- VW numbers should increase as the ID4 has recently qualified for the full $7500 tax credit and is also being heavily discounted (up to an additional $7.5K).
- Nissan sales are terrible. The Ariya is simply too expensive, with more sales in January of the out-of-date Leaf!