November 27, 2022

Taylor Daily Press

Complete News World

BMW retains crown in US luxury car sales; However, Tesla is very close

German carmaker BMW sold more luxury cars in the United States last year. The German manufacturer was able to extend its title from the previous year, but saw its lead shrink against that of its American rival, Tesla. This is according to a consultant Experian report.

Researchers have found that BMW sold 347,453 new cars in the United States last year. Tesla sold 342,412 cars during the same period. That is a difference of only 5,041 units.

New factory

“BMW will no longer be the largest seller of luxury cars in the US market due to the strong sales growth recorded by Tesla in recent months,” the analysts said. Experian At.

“But in the end the German builder won Still to be kept in his crownTesla finished second behind the US team behind rivals Lexus and Mercedes-Benz.

However, analysts point out that Tesla could do the same this year Leading position in the US luxury market Will take. “Tesla wants to start using its new factory in Austin, Texas later this year,” explains Experian. “As a result, the American carmaker could significantly increase the production of its popular Model Y.”

Tesla recorded 71 percent sales growth in the US market last year over last year. BMW is reported to be up 24 percent over the same period.

“These numbers suggest that Tesla could outperform BMW in the US market this year,” the researchers said. “However, it is important to consider what impact further shortages of semiconductors will have on production.”

Tesla CEO Elon Musk estimates that the company’s international sales will increase by at least 50 percent this year, as new plants in Berlin and Austin could open in the coming months.

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Electricity

The report further emphasized that Tesla’s Model Y has grown in the US with 169,325 records last year. The best-selling electric car Award recipient. Tesla also took second place with the Model 3. That category reached sales of 151,599 cars.

The Ford Mustang Mach-E was third with 25,695 copies and the Chevrolet Bolt was third with 23,078 copies.

California was the most important U.S. center for electric car sales last year with 169,995 new records. This is an 80 percent increase compared to last year.

There are 28,818 new electric cars registered in Texas. However, this is double than the previous year.

(fjc)