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Model Y overtook RAV4 to become the best-selling car of the year!

2024-05-30 Update From: AutoBeta NAV: AutoBeta > News >

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According to foreign media reports, Tesla Model Y surpassed Toyota Corolla to become the best-selling car in the world.

According to JATO Dynamics, an overseas market research firm, it collects data from 53 markets around the world and forecasts and estimates the rest of the world. According to comprehensive data, the Model Y overtook Toyota RAV4 and Toyota Corolla to become the world's best-selling model with 1.23 million vehicles in 2023, with global sales of 1.07 million and 1.01 million respectively.

It should be noted that the above data are only estimates, and detailed data need to be released in the second quarter, but this ranking has been basically determined in view of Tesla Model Y's lead by a huge margin. Prior to this, Tesla also said in the fourth quarter financial report that Model Y became the best-selling model of all categories of vehicles in the world in 2023.

It is understood that this is the first time that pure electric vehicles have topped the list of global car sales, and it is also a historic turning point for the automobile industry to accelerate into the era of electric cars. Until the Model Y topped the global sales list, the world's best-selling cars were Toyota's Corolla and RAV4. Take the global sales in 2022 as an example, among the top three best-selling models in the world, the top two models are all owned by Toyota, and the best-selling model is RAV4, with annual global sales of 1.0157 million vehicles, followed by Corolla, with global sales of 991600.

As the sales giant of the domestic and global compact car market, there is a basis for Carola to win the favor of the broad masses of people. Its three major weapons are leather durability, high-level appearance and excellent fuel economy. The global sales of Corolla models in 2023 were 1.01 million, of which 297300 were sold in China, 183200 in Carola and 114100 in Leiling, much lower than in 2022. In the domestic market, Carola's competitors include Lang Yi / Bora, Xuanyi, etc., in addition to its sister model Leiling, while with the growing strength of its own brands, the Japanese compact car market is gradually replaced by domestic cars, such as BYD Qin PLUS DM-i. Data show that Qin PLUS sold 434200 vehicles in 2023.

Model Y is the fourth production car launched by Tesla and is currently Tesla's best-selling model. "more than 1.2 million Model Ys will be delivered in 2023, making it the best-selling model in the world," Tesla said on a conference call in the fourth quarter. "for a long time, many people have doubted the feasibility of electric vehicles. Today, the best-selling car in the world is electric car."

According to Tesla, Tesla delivered 1.7397 million Model 3/Model Ys in 2023. If Tesla delivers 1.2 million Model Ys, it is expected to account for about 69 per cent of total Model 3/Model Y deliveries. Of course, the best-selling Model Y, or Model Y, can not become the best-selling model without a large-scale price reduction. Tesla announced price cuts in many markets around the world in 2023, thus achieving the annual target of 1.8 million vehicles, but the price reduction also pulled the gross profit margin, which in the fourth quarter has fallen to the lowest level in nearly four years, which triggered a decline in market expectations for Tesla's profits. It is understood that the Model Y will be revamped this year, when it may also lead to sales growth, superimposed price reduction sales, Model Y is expected to become the best-selling model.

Some netizens asked why BYD didn't have models on the list. It is understood that at present, BYD's best-selling models are Song and Qin, and global sales are unknown, but take domestic retail sales as an example, among which the Qin family has sold a total of 464300 vehicles, and the Song family has sold a total of 775300 vehicles, which is really unable to battle with Toyota.

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