Automotive and clean energy company Tesla in a recent ranking has emerged as the sixth best-selling vehicle in the U.S. for the year 2022.
This has seen Tesla break into the top 10 best-selling vehicles in the U.S. for the first time since the covid era.
Its model Y which sold about 252,000 units last year, saw a 32.4 percent sales increase, compared to 2021 last year.
Model Y also broke into the list of top 10 best-selling models in the U.S., beating some notable brands like Jeep Grand Cherokee, Honda CR-V, Toyota Tacoma, and GMC Sierra.
Speaking on Tesla’s vehicles’ increase in sales, executive analyst for Cox Automotive Michelle Krebs said, “It is no surprise that Tesla ranks that high, the brand despite all the news and stuff, still dominates the EV market, and it dominates the luxury market. A lot of that strength comes from Model Y”.
However, dominating the list of best-selling vehicles in the U.S. for 2022 are Pickup trucks, with the F-series emerging as the best-selling vehicle, while the Chevrolet Silverado occupied the second position and the Ram pickup came third.
Investors King understands that all these vehicle brands aforementioned witnessed a decrease in overall sales last year.
Also, last year, the U.S. auto industry was faced with a decline in sales of vehicles due to surging interest rates, high gas prices, high inflation, and some economic challenges that devastated the industry.
The industry was estimated to have sold between 13.7 million and 13.9 million vehicles, according to industry analysts. A typical year prior to the pandemic saw more than 17 million in sales.
Parts and supply chain problems since the onset of the Covid-19 pandemic caused sporadic plant shutdowns at different times for automakers, leading to a shakeup in vehicle sales rankings for the past couple of years.
However, automotive executives and analysts are optimistic that the U.S Industry will normalize more this year, regardless of recessionary fears and other economic concerns.