The US auto industry is truly on the rebound. In the 3rd quarter, sales increasing 1% compared to the 3rd quarter of 2021, the first positive trend in a while.
Which brands are up, and which are down? There are three clear leaders — Toyota, Ford, and Chevrolet. Honda and Hyundai seem to have a good grasp on #4 and #5. In Q4 2022 vs. Q4 2021, about half of auto brands saw their sales increase while about half saw their sales decrease. Clear winners in terms of volume growth were Chevrolet and Toyota. Key winners in terms of percentage growth were Cadillac and Audi. Tesla was 5th in terms of volume growth as well as percentage growth.
