US Auto Gross sales Down 21% vs. Q3 2019 — Tesla Up 169%

US auto gross sales had been up 1% within the third quarter of 2022 in comparison with the third quarter of 2021, however they had been down 13% in comparison with the third quarter of 2020 and down 21% in comparison with the third quarter of 2019, which we use as a little bit of a management 12 months because it was earlier than the Covid-19 pandemic and automotive chip disaster hit.

So, the US automotive market has stopped collapsing, however can we are saying that it’s rebounding? Not but. We’ll must see if it could actually return to 2020 and 2019 ranges.

The next two charts present the change throughout the business when it comes to proportion change (famous above) and likewise when it comes to whole quantity change. (A number of minor automakers will not be included within the knowledge since they don’t publish it, equivalent to Polestar and Jaguar.) Because the chart exhibiting quantity change signifies, Q3 2022 US auto gross sales had been down by nearly half one million in comparison with Q3 2020, they usually had been down by nearly one million models in comparison with Q3 2019. They had been up by 19,202 in comparison with Q3 2021.

Digging into the brand-by-brand breakdown, I’ll embrace two charts for Q3 2022 versus Q3 2021 on this article. To see the identical charts for comparisons of Q3 2022 to Q3 2020 and Q3 2022 to Q3 2019, you may jump over to the article on CleanTechnica Pro. An extra chart exhibiting Q3 throughout all auto manufacturers and all 4 of these years can also be on CleanTechnica Professional. Simply discussing in textual content how auto manufacturers advanced throughout these 4 years, right here’s a rundown in bullet-list type:

• A number of auto manufacturers noticed their gross sales decline from Q3 2019 to Q3 2020 after which once more from Q3 2020 to Q3 2021 earlier than rebounding in Q3 2022 to someplace between Q3 2020 and Q3 2021. These manufacturers included: Ford, Chevrolet, GMC, Dodge, Lincoln, MINI, and Infiniti.
• Toyota rebounded very barely in Q3 2021 in comparison with Q3 2020, however then it dropped beneath each of these ranges in Q3 2022.
• Honda did decline 3 years in a row (2019–2021), like others, however its gross sales in Q3 2022 dropped greater than ever. Apparently, Honda’s press launch saying quarterly gross sales didn’t have a typical title. The headline was “American Honda Overcomes Transportation Issues as Sales Improve Over Summer Months.” As somebody who has written hundreds of headlines and skim many extra, I discover that one fairly attention-grabbing, sophisticated, and clearly geared toward spinning some very dangerous information in a in some way constructive means. Toyota may get more ink for its anti-EV foot-dragging, however considerably smaller nationwide compatriot Honda appears to be taking the most important hit in the meanwhile. (Nicely, perhaps — we’re not accomplished with this bullet listing but.)
• Kia and Hyundai, then again, undoubtedly bucked the downward traits I used to be simply discussing. Kia’s US gross sales elevated 12 months after 12 months in Q3 with no break. Hyundai almost did the identical, however it had a slight lower in gross sales in Q3 2020 in comparison with Q3 2019. The will increase 12 months over 12 months weren’t giant, however one has to suppose that if not for Covid-19 and the automotive chip disaster, Hyundai and Kia would have seen notably sturdy progress within the US market prior to now few years.
• Like Hyundai, BMW gross sales dropped from Q3 2019 to Q3 2020 however then rose in Q3 2021 and rose once more in Q3 2022.
• Jeep, Nissan, Ram, and Subaru adopted Honda’s “lead” and declined 4 years in a row within the third quarter. Ram and Subaru declined rather less than the others, whereas Nissan has simply been hemorrhaging gross sales. In quantity phrases, Honda misplaced greater than Nissan from Q3 2019 to Q3 2022 (~190,000 versus, ~160,000), however Nissan was beginning at a decrease stage and misplaced extra on a proportion foundation. Its gross sales had been greater than lower in half, whereas Honda’s drop wasn’t fairly that dangerous.
• Naturally, Tesla’s gross sales elevated all 4 years in a row within the third quarter.
• Volkswagen, Mercedes, and Audi almost adopted the pattern famous on the high of this listing, however their Q3 2022 bouncebacks had been giant sufficient that their gross sales final quarter surpassed their Q3 2020 gross sales (in addition to their Q3 2021 gross sales).
• Lexus had an odd gross sales evolution that stood alone. Gross sales elevated in Q3 2020 and once more in Q3 2021, however then decreased in Q3 2022 to a stage even beneath Q3 2019.
• For smaller manufacturers, you may seek the advice of the chart.

Once more, there’s a full chart exhibiting all of this visually over on CleanTechnica Pro.

Let’s bounce to the best chart now. Under are merely the gross sales of the assorted auto manufacturers in Q3 2022.

Toyota, Ford, and Chevrolet don’t must worry dropping their gold, silver, and bronze medals anytime quickly (although, Ford might steal gold from Toyota). Within the subsequent trio, Honda is holding onto its #4 spot, but when traits proceed, it would quickly be handed by the 2 Koreans, Kia and Hyundai. Absolutely electrical Tesla is down at #11, and I believe most notable on that matter is that the US automaker is poised to interrupt into the highest 10. It appears fairly seemingly that can occur within the 4th quarter.

A considerably fascinating discovering from the chart above is that Cadillac led in Q3 2022 gross sales progress versus Q3 2021 when it comes to proportion progress. It grew 50% whereas Chrysler grew 39%, Tesla grew 32%, and Chevrolet grew 30%. As famous within the bullet listing above, many different manufacturers noticed year-over-year progress, however these had been the leaders when it comes to proportion change.

If we take a look at quantity change, it’s a bit totally different.

From this view, Chevrolet grew probably the most 12 months over 12 months, adopted by Ford, Tesla, GMC, and Mercedes.

Taken all collectively, a number of luxurious manufacturers did nicely 12 months over 12 months, as did the 2 largest mass-market American manufacturers (Chevy and Ford).

You possibly can see charts like the 2 above however for Q3 2022 vs. Q3 2020 and Q3 2022 vs. Q3 2019 over on CleanTechnica Professional. Simply discussing the key traits in textual content right here, the highlights are as follows:

Q3 2022 vs. Q3 2020

Share change

• Solely 9 manufacturers grew from Q3 2020 to Q3 2022 (until you depend fully new market entrants).
• That is the place Tesla soared forward of the pack, rising 122%.
• Behind Tesla, when it comes to proportion progress, subsequent finest had been BMW and Kia (every with 12% progress), adopted by Hyundai and Porsche (8% and seven%).
• Audi, Mercedes, and Volkswagen every had 3% progress. Cadillac had 2% progress, indicating that, actually, its sturdy 50% progress from Q3 2021 to Q3 2022 was nearly a straight rebound from its dramatic drop in gross sales from Q3 2020 to Q3 2021.
• The largest loser was Fiat, which has almost died in america. Its gross sales dropped 81% in these two years.
• Honda and Buick gross sales dropped 43% and 42% in that interval, whereas Infiniti dropped 35%.
• Total, 21 auto manufacturers misplaced gross sales from Q3 2020 to Q3 2022.

Quantity change

• Tesla was #1 when it comes to quantity of progress as nicely, with 71,890 extra gross sales in Q2 2022 than in Q2 2020 in keeping with our estimates.
• Korean cousins Kia and Hyundai snatched silver and bronze on this class, exhibiting once more that they’re two of the strongest manufacturers within the US when it comes to progress — and maybe additionally that they handled the automotive chip disaster higher than most?
• BMW quietly grabbed 4th.
• Rivian is on right here in fifth and Lucid is eighth, however they in fact had no gross sales in 2020.
• You then’ve received Mercedes, Volkswagen, Audi, Porsche, and Cadillac with modest progress.
• When it comes to losses, oh Lordy, Honda is hurting! It dropped by nearly 150,000 models from Q3 2020 to Q3 2022!
• Ford and Chevrolet additionally suffered massively, even when nothing in comparison with Honda, dropping 79,595 gross sales and 77,444 gross sales, respectively.
• Loads of different manufacturers misplaced gross sales as nicely, however the final two I’ll observe for the sizable chunks taken out of their legs are Nissan and Jeep, down 60,938 and 60,861.

Q3 2022 vs. Q3 2019

How a few three-year view!

Share change

• Tesla gross sales had been up 169% from Q3 2019 to Q3 2022.
• Solely three different auto manufacturers noticed gross sales progress in that timeframe. Porsche gross sales grew 18%, Kia gross sales grew 16%, and Hyundai gross sales grew 7%. Humorous sufficient, Porsche, Kia, and Hyundai are three of the four auto brands with the highest portion of their sales now coming from fully electric models. (The fourth model is Audi.)
• On the backside of the desk, did we point out Fiat has nearly died? It was down 91% in Q3 2022 in comparison with Q3 2019. Yikes!
• Infiniti and Nissan might really feel good when evaluating themselves to Fiat, however they had been down 55% and 53%, respectively, they usually might wish to draft up their wills quickly too if they’ll’t flip issues round in “the land of the free and the house of the courageous.”
• Three extra auto manufacturers had greater than a 40% gross sales decline. These had been Honda (down 49%), Buick (down 44%), and Dodge (down 43%). Count on some dramatic efforts from them to develop into related once more — oh yeah, like this.
• 20 extra manufacturers misplaced gross sales from Q3 2019 to Q3 2022.

Quantity change

• When it comes to quantity progress, Tesla received once more, with 82,367 gross sales progress.
• Kia was second, with 26,054 gross sales progress.
• Cousin Hyundai was third, with 11,403 gross sales progress.
• Porsche, the ultimate automaker to have gained gross sales, grew by 2,536.

There are actually too many tales in these knowledge. In case you missed one thing you wish to spotlight, or if I stated one thing you wish to emphasize, chime in down within the feedback!

Admire CleanTechnica’s originality and cleantech information protection? Think about changing into a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Do not wish to miss a cleantech story? Join daily news updates from CleanTechnica on electronic mail. Or follow us on Google News!

Have a tip for CleanTechnica, wish to promote, or wish to counsel a visitor for our CleanTech Discuss podcast? Contact us here.