Summary
- Overall US auto sales in Q3 2024 were down by 365,000 units compared to Q3 2019
- Electric car sales have shown consistent growth every year except during COVID-19, with a 16% increase compared to Q3 2023 and a 413% increase compared to Q3 2019
- Tesla saw a massive increase in sales by 243% compared to Q3 2019, along with other notable rises from Mazda, Subaru, Kia, and Hyundai
- Subaru, Honda, Mazda, Jaguar Land Rover, Tesla, Mercedes, and Hyundai saw significant growth in sales in Q3 2024
- Ford, Toyota, and Chevrolet are the top three auto brands in total sales in Q3 2024, followed by Honda, Subaru, Hyundai, Kia, Nissan, Tesla, and GMC
Article
In a detailed analysis of quarterly US auto sales, the comparison of Q3 2024 to previous quarters back to 2019 was examined. Overall, Q3 2024 saw a decrease in auto sales compared to Q3 2019, but an increase compared to the peak of the COVID-19 pandemic in 2020. Electric car sales have shown a consistent growth trend, with a significant increase compared to Q3 2019. The analysis also highlighted that while some automakers have seen a decline in sales since 2019, others, especially in the EV sector, have shown significant growth.
A closer look at quarter-over-quarter comparisons revealed that Tesla experienced a substantial increase in sales compared to Q3 2019. Other automakers such as Mazda, Subaru, Kia, and Hyundai also saw notable growth during this period. However, several well-known brands like Nissan, Jeep, Toyota, and Chevrolet experienced a decline in sales volume. The analysis skipped discussing the years heavily impacted by macro issues such as COVID-19 and the Russian invasion of Ukraine, but the charts were included for reference.
In terms of specific changes from the previous quarters, Subaru saw a significant jump in sales, along with Honda, Mazda, and other brands like Jaguar Land Rover, Tesla, Mercedes, and Hyundai. On a percentage basis, smaller brands like Brightdrop, Lucid, and Mitsubishi saw positive growth. The overall ranking of auto brands in Q3 2024 showed Ford leading in sales, followed closely by Toyota, with Chevrolet maintaining a strong third position. Other brands like Honda, Subaru, Hyundai, Kia, Nissan, Tesla, and GMC rounded out the top 10.
The analysis hinted at diving deeper into the EV portion of sales and comparing EV trends with fossil fuel vehicle trends in future articles. Overall, the data provided insights into the performance of various automakers over the past few years, showcasing trends in the growth of electric vehicle sales and the overall fluctuations in the auto market. Stay tuned for more updates on the cleantech revolution and the evolving landscape of the automotive industry.
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