S&P International Mobility just lately finalized its 2023 registration
knowledge for the US mild car market. As chances are you’ll know, our
registration knowledge are compiled from all 50 states and require time
for aggregation and evaluation to make sure accuracy earlier than publishing,
therefore the totally different reporting time from different {industry} sources.

We’re ceaselessly requested in regards to the market dynamics; high fashions,
retail volumes and share, electrical and hybrid take charges, and so forth. As
such, we’re glad to share the next insights from our 2023
knowledge evaluation. Please observe that every metric is addressed in two
separate tables; the primary one focuses on complete
new mild car registrations and the second focuses on
retail new mild car registrations in
2023.

We have additionally included a number of topline observations from Tom Libby,
affiliate director of {industry} evaluation and loyalty from our
group.

Observations:

• Based mostly on complete new mild car registrations, eight of the
  high ten in 2023 have been additionally within the high ten a yr in the past; the fashions
  that made the record this yr, however not in 2022, are Nissan Rogue and
  Jeep Grand Cherokee.
• 4 of the highest ten fashions are full-size pickups.
• It’s uncommon to see a luxurious mannequin rank within the high ten
  industry-wide, provided that your entire luxurious market accounts for
  19.6% of the market however the Tesla Mannequin Y ranked within the high ten
  each final yr and this yr primarily based on complete new registrations,
  enhancing from #9 in 2022 to #5 in 2023.
• Just one sedan, the Toyota Camry, ranked within the high ten each
  this yr and final; nonetheless, it ranked #8 in 2023 versus #5 a yr
  in the past.

Observations:

• Based mostly on complete new mild car registrations, eight of the
  high ten in 2023 have been additionally within the high ten a yr in the past; the fashions
  that made the record this yr, however not in 2022, are Nissan Rogue and
  Jeep Grand Cherokee.
• 4 of high ten fashions are full-size pickups.
• It’s uncommon to see a luxurious mannequin rank within the high ten
  industry-wide, provided that your entire luxurious market accounts for
  19.6% of the market however the Tesla Mannequin Y ranked within the high ten
  each final yr and this yr primarily based on complete new registrations,
  enhancing from #9 in 2022 to #5 in 2023.
• Just one sedan, the Toyota Camry, ranked within the high ten each
  this yr and final; nonetheless, it ranked #8 in 2023 versus #5 a yr
  in the past.

Observations:

• Two Tesla fashions accounted for greater than half of all US EV
  registrations in 2023.
• The highest 10 EV fashions accounted for 75% of all new EV
  registrations in 2023, despite the fact that there have been 83 EV fashions on the
  market.

Observations:

• The 2 high-volume Tesla fashions accounted for 57% of retail
  new EV registrations throughout the {industry}, however they solely accounted
  for 52% of complete new EV registrations.
• The 2 lists are comparable; the one distinction in fashions is
  that the Tesla Mannequin S is on the retail record however not the overall record
  and the Kia EV6 solely seems on the overall record.
• On the retail stage, all 4 Tesla fashions rank within the high
  10.

Observations:

• The 2 Honda hybrids account for a couple of of each 5
  hybrids registered in 2023.
• All ten of those fashions come from 4 manufacturers, with two automobiles on
  the record.
• The highest 5 fashions accounted for 42% of all hybrids registered
  final yr, amongst 77 fashions available on the market.
• Sienna’s inclusion is noteworthy as a result of the mid-size van
  class has declined considerably and accounted for just one.6% of
  new retail registrations in 2023.

Observations:

• Much like the overall record, two automobiles seem on this retail
  record.
• 5 of the hybrids on the retail record are compact
  utilities.

The Gasoline kind element included beneath displays
retail registrations by gasoline kind on the nationwide stage and in addition
features a state rating primarily based on EV share of {industry} within the high
10 states.

This text was printed by S&P International Mobility and never by S&P International Rankings, which is a individually managed division of S&P International.