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Tesla Is Now the U.S. Luxury Sales King
Tesla Is Now the U.S. Luxury Sales King-October 2024
2024-02-19 EST 22:09:19

Tesla's full model lineup including a Model S, Model 3, Model X and Model Y

may not have been the best year ever for . Vehicle demand , supply chain issues were abundant and the . But not all is lost for the . A new report shows that Tesla has just dethroned as the U.S. luxury sales king — a distinction the German brand held for the past three years. It’s also the first time in nearly 25 years that an American brand led American luxury sales.

Tesla didn’t just beat BMW. It put on a drubbing of its rival. Tesla sold 158,612 more vehicles than BMW did in 2022, according to Research & Data Center. It’s a big come up from being down 23,244 vehicles to BMW in 2021.

So, all in all, sold an estimated 491,000 vehicles in 2022. That was followed by at 332,388 vehicles. After that was with 286,764 vehicles, with 285,704 vehicles, with 186,875 vehicles, with 134,726 vehicles, with 102,306, and rounding out the top eight was with 102,038 vehicles sold.

Overall, luxury vehicle sales dipped in 2022, and the broader market also declined about eight percent, according to the outlet.

That 491,000 vehicles sold by Tesla represents a 44 percent increase in sales over the year before. AutoNews also reports that the automaker crossed 1 million deliveries globally.

An analyst for J.D. Power says that the paradigm has shifted in favor of electric cars in the luxury segment.

“Not only do luxury buyers want EVs, but the one that only sells EV is now the sales leader,” Tyson Jominy told Automotive News. “If you want to be at the top of the luxury segment, you’ve got to beat Tesla, and you’ve got to do it with EVs.

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