Tesla CEO Elon Musk has said on several occasions that he believes the Model Y will eventually become the best-selling car in the world - and now, the boast of Musk, the boss of Triss, has come true, and the Tesla Model Y will be the world's best-selling model in 2023. Tesla said at the ** conference that the Model Y officially won the title of the world's best-selling car. "In 2023, we delivered more than 1.2 million Model Ys, making it the best-selling model in the world," Tesla disclosed. For a long time, many people doubted the viability of electric vehicles. Today, the best-selling car in the world is an electric car. ”
According to preliminary JATO data, Tesla's Model Y full-year cumulative sales in 2023 have squeezed Toyota's R**4 Veranda model to the top, marking the first time that an electric vehicle has topped the global single-model sales chart.
Tesla's Model Y (nicknamed Edamame Y by netizens) is expected to win the crown of the world's best-selling model in 2023, and its Model Y occupies the top position in most markets around the world. Although Tesla was founded in 2003, exactly 20 years ago, some organizations that have analyzed the global automotive industry believe that Tesla, the electric vehicle (EV) manufacturer, has triggered a major shift in the automotive industry, creating an electric model that outperforms its peers and breaking records as the first electric vehicle to lead the global market.
While a few markets have yet to release 2023 sales figures, preliminary global sales data collected by Jato Dynamics shows that Tesla's Model Y is in the undisputed lead, with a total of 1.23 million units sold worldwide between January and December 2023, up 64% year-on-year. In second place is the R**4 (including Veranda) under the Toyota Group, which will sell a total of 1.07 million units worldwide in 2023, and the third place is the Corolla (including Leiling), which also belongs to the Toyota Group, with a total of 1.01 million units sold worldwide in 2023.
Felipe Muñoz, Global Analyst at Jato Dynamics, commented: "The growth in global sales of the Model Y is unprecedented, especially for one of the top 10 best-selling models. It's amazing that Tesla has been able to achieve this achievement of the Model Y in such a short period of time. ”
Model Y leads the sales charts in Europe and China, the world's two largest EV markets. According to the China Association of *** (CAAM), more than 456,000 Model Ys were shipped to China in 2023, an increase of 45% from 2022. In Europe, the Model Y has surpassed the consistently strong performers such as the Dacia Sandero, Peugeot 208 and Volkswagen T-ROC (Tange). Data from 30 European markets (not just the EU) shows that more than 255,000 Model Ys have been registered – 19,000 more than the next most popular model, the Dacia Sandero.
Felipe Munoz, Global Analyst at Jato Dynamics, added: "In November 2023, the average retail** of the Tesla Model Y was 18% and 23% lower than the average cost of an electric vehicle in Germany and the US, respectively. Year-round price cuts, combined with Tesla's reputation as a reliable and competitive EV manufacturer, fueled already high demand. As a result, Tesla has become the first choice for many consumers when buying electric vehicles. Tesla's official delivery data also shows that the Model Y accounted for two-thirds of its entire new car deliveries in 2023. Tesla delivered 1,739,707 Model 3 and Model Y in 2023. If Tesla delivers 1.2 million Model Y, it is expected to account for about 69% of the total Model 3 and Model Y deliveries.
According to preliminary data, 2023 will mark the end of the history of Toyota's models dominating the global model sales rankings, with R**4 (including Veranda) and Corolla (including Leiling) two Toyota models leading the global single model sales ranking in recent years.
Some analysts believe that Toyota Group has a strong influence in the world, with the R**4 Veranda (SUV model) and Corolla Leling (compact car) two models, to attract global consumers with diversified products. However, both models lack all-electric options and only offer hybrid alternatives. While Toyota is still strong in 2023, the R**4 and Corolla simply can't compete in the established and increasingly important European and Chinese EV markets.
Despite this, the second best-selling model in 2023 is expected to be the Toyota R**4 Veranda, which has now sold 1.07 million units worldwide – up from 1.02 million units in 2022, when the global market led the way. According to preliminary data, after calculating all body types, Toyota's Corolla Leling is in third place in the ranking.
This data covers global light vehicle sales in 2023 and includes all major markets, including the United States, Europe, China, and India. The rest of the market data will be released in the second quarter of 2024.
On Jan. 25, Tesla's stock price exceeded 12%, suffering its biggest intraday decline in more than a year, wiping $80 billion from its market value, bringing its market value loss to about $210 billion this month. On January 12, Tesla officially announced that the price of the edamame Y standard range version sold in the Chinese market will be reduced from 26640,000 yuan dropped to 25890,000 yuan, the flexible policy is undoubtedly an important boost to Tesla's sales. So, what do you think about the fact that Tesla Edamame Y surpassed Toyota R**4 to top the global single model sales champion? Please share your views and opinions in the comments section.
Note: The data listed in this article are from North America, Europe, China, Australia, New Zealand, India, South Korea, Russia, Turkey, Israel, Japan, South Africa, and the Philippines. It also includes data for the largest markets in Latin America (Brazil, Argentina, Chile, Colombia, Mexico and Uruguay), as well as some markets in Southeast Asia (Indonesia and Vietnam). Data for the Middle East (Bahrain, Jordan, Kuwait, Lebanon, Oman, Qatar, Saudi Arabia, UAE and Yemen), North Africa (Algeria, Egypt, Morocco and Tunisia), Hong Kong, Malaysia, Thailand, Kazakhstan, Singapore and Pakistan are preliminary and based on available data for December 2023**.