Q1 2023 US Auto Sales GM - 603,208 units sold in Q1 of 2023, up 17.6% over the 512,846 sold in Q1 of 2022 Ford - 475,906 units sold in Q1 of 2023, up 10.1% over the 432,132 sold in Q1 of 2022 Toyota - 469,558 units sold in Q1 of 2023, down 8.8% below the 514,592 sold in Q1 of 2022 Stellantis - 368,327 units sold in Q1 of 2023, down 9.1% below the 405,221 sold in Q1 of 2022 Honda - 284,507 units sold in Q1 of 2023, up 6.8% over the 266,418 sold in Q1 of 2022 Nissan - 235,818 units sold in Q1 of 2023, up 17.3% over the 201,081 sold in Q1 of 2022 Hyundai - 184,449 units sold in Q1 of 2023, up 15.5% over the 159,676 sold in Q1 of 2022 Kia - 184,136 units sold in Q1 of 2023, up 21.8% over the 151,194 sold in Q1 of 2022 Tesla - 150,000 units sold in Q1 of 2023 (est.), up 33.9% over the 112,000 sold in Q1 of 2022 (est.) Subaru - 143,376 units sold in Q1 of 2023, up 8.3% over the 132,346 sold in Q1 of 2022 Q1 2023 Top 10 US Auto Sales Leaders Ford F-Series - 170,377 vehicles sold in Q1 of 2023, up 21.1% over the 140,701 sold in Q1 of 2022 Chevrolet Silverado - 126,992 vehicles sold in Q1 of 2023, up 4.9% over the 121,107 sold in Q1 of 2022 Ram P/U - 105,350 vehicles sold in Q1 of 2023, down 17.1% below the 127,116 sold in Q1 of 2022 Tesla Model Y - 85,000 (est.) sold in Q1 of 2023, up 67.3% over the 50,800 (est.) sold in Q1 of 2022 Toyota RAV4 - 84,704 vehicles sold in Q1 of 2023, down 16.3 percent below the 101,192 sold in Q1 of 2022 Nissan Rogue - 76,499 vehicles sold in Q1 of 2023, up 69.1 percent over the 45,235 sold in Q1 of 2022 Honda CR-V - 67,241 vehicles sold in Q1 of 2023, up 14.8 percent over the 58,579 sold in Q1 of 2022 GMC Sierra - 67,198 vehicles sold in Q1 of 2023, up 18.7 percent over the 56,617 sold in Q1 of 2022 Toyota Camry - 66,037 vehicles sold in Q1 of 2023, up 7.4 percent over the 61,505 sold in Q1 of 2022 Tesla Model 3 - 63,800 (est.) sold in Q1 of 2023, up 36.3% over the 46,800 (est.) sold in Q1 of 2022
Those manufacturers that have the lowest transaction prices are the ones showing the steepest gains in volume. Seems that people aren't really feeling the joy of a thousand-a-month payment that you end up with when you buy a $70k ATP pickup truck or off-roader. Banks also are starting to run from loan applications showing well over 100% LTV, so those silly pickup trucks and giant SUVs with $4000 worth of Protection Packages and Fancy Air in the tires are tough to finance when customers are trying to roll in $5k-$10k negative equity because they're still wildly upside down on the last circus wagon they bought.
Hmmmm…..people are starting to buy like I have for 50 years? Oh, oh! The collapse of the World Economy is now very close.
Friends of mine in the car business are reporting emerging trends that are arising during the steep escalation of MSRPs. First, people who leased an Elantra for $209 a month during the initial months of covid are coming in now to find a current Elantra is leasing out around $400 for a sign-n-drive lease with tax and bank rolled in. Which leads to... Second, people are deciding to buy their lease out. This steals two sales from manufacturers. First, they don't get to sell the returning lessee a car. Second, they don't get that three year old low mileage trade to park on the front line with the "spot ready" sticker on the windshield. Third, there are those people who are three years into a 6 (or worse - 7) year loan who decide their daily driver doesn't meet their needs - and they want something new. They're so buried in their current vehicle and loan that they end up with those oft-reported four digit car payments just so they can have what they think they really want. High MSRP on a low FE daily driver, componded by high interest rates and loans and leases, is putting a real squeeze on buyers. I have been working with friends and friends-of-friends who need a car to "buy now" with the subvented rates before that option goes away and things get really expensive. For the gotta-drive-a-truck crowd, you can get a '23 Tucson SEL with convenience package in the mid $30k range. Expensive? According to the inflation calculator, a 2011 Sonata Limited - unquestionably a sales smash in 2011 - sold all day every day for $26500. In 2023 dollars, that's $36200. Wonder why they're selling every Tucson they can build? Because pricing is reasonable - meaning it's roughly what you'd pay for a midsize sedan, dealers are willing to part with them at or around MSRP, and the finance rates are just about the lowest you'll find anywhere.
My love affair with the automobile ended in 2014 not long after I started a job with a grueling commute. I always wanted a small efficient , inexpensive car. Now I have one. Sure , it has way more power than I can ever use , but at least the wheels and tires are right-sized And the Grom will get more miles after I retire.
I love our Elantras. But the price of gas is strongly limiting my drives. & my wife is now having 2nd thoughts with the 2016 manual Elantra’s second brake job, this time to the front brakes. It’s been about 8000 miles since the rear brake work. Still no brake work(no repairs at all) on the 2013 automatic Elantra that I drive mostly.
Hi All: I posted the Ford Q1 2023 Sales data in the OP. They had a darn decent quarter, up 10.1% over the Q1 sales result in 2022. They surpassed Toyota for the #2 U.S. sales spot in the process. Wayne
Q1 2023 Top 10 US Auto Sales Leaders Ford F-Series - 170,377 vehicles sold in Q1 of 2023, up 21.1% over the 140,701 sold in Q1 of 2022 Chevrolet Silverado - 126,992 vehicles sold in Q1 of 2023, up 4.9% over the 121,107 sold in Q1 of 2022 Ram P/U - 105,350 vehicles sold in Q1 of 2023, down 17.1% below the 127,116 sold in Q1 of 2022 Tesla Model Y - 85,000 (est.) sold in Q1 of 2023, up 67.3% over the 50,800 (est.) sold in Q1 of 2022 Toyota RAV4 - 84,704 vehicles sold in Q1 of 2023, down 16.3 percent below the 101,192 sold in Q1 of 2022 Nissan Rogue - 76,499 vehicles sold in Q1 of 2023, up 69.1 percent over the 45,235 sold in Q1 of 2022 Honda CR-V - 67,241 vehicles sold in Q1 of 2023, up 14.8 percent over the 58,579 sold in Q1 of 2022 GMC Sierra - 67,198 vehicles sold in Q1 of 2023, up 18.7 percent over the 56,617 sold in Q1 of 2022 Toyota Camry - 66,037 vehicles sold in Q1 of 2023, up 7.4 percent over the 61,505 sold in Q1 of 2022 Tesla Model 3 - 63,800 (est.) sold in Q1 of 2023, up 36.3% over the 46,800 (est.) sold in Q1 of 2022 Wayne
Good to see sedans still doing well, as represented by the Camry. Too bad Tesla doesn't break out its sales... Edit: Thanks for the updates with estimates, Wayne.
Hi Bill: I am still trying to verify both the Tesla Model Y and Model 3 US Q1 sales breakouts. I found one that is showing the Y/3 at 85,000/63,800 in Q1 of 2023 and 50,800/46,800 in Q1 of 2022 to compare to. This will change Tesla to a Top 10 sales leader in the US as well. I am still trying to verify Model Y/3 sales from other sources as many are parroting an Automotive News story that quoted slightly over 170k US Tesla sales in Q1. With the Model Y and 3 US Q1 sales estimates of 143,800 and Tesla publicly stating they "produced" 19,437 and "sold just 10,695 Model S and X vehicles worldwide", that would lead to a U.S. total sales figure more along the lines of 150k Q1 US vehicles sold (est.), not 170k estimated as most sources are quoting. How the hell did the US Auto and Investor web sites "****" up this estimated result so badly is mind blowing. Wayne
Hi All: I posted the Tesla US Q1 sales estimates which place both the Model 3 (85,000 est.) and Model Y (63,800 est.) in the Top 10 and Tesla has injected itself into the Top 10 overall US sales results with an estimated US Q1 sales of 150,000 vehicles (est.) for the very first time. Wayne
The brake jobs on the 2016 manual Elantra are very good & the car is again wonderful at 98,000 miles, just like the 2013 auto Elantra that has yet to have ANY work of any type on it, at 93,400 miles. Of course, the 93400 miles includes the extra 4200 miles put on the car since the time I started using over-sized tires. The actual odometer reading (not the true mileage) is 89,200miles. Whether the true mileage(reportable) or odometer mileage, neither really reflects the lesser wear & tear on the engine or suspension. I have stated many times, that the 2013 auto Elantra tires & engine run smoother with fewer tire & engine rpms. & as also stated, that potholes & other solid bumps are handled better by larger tires.
