{"id":49841,"date":"2023-05-17T09:03:24","date_gmt":"2023-05-17T13:03:24","guid":{"rendered":"https:\/\/autosector.com\/?p=49841"},"modified":"2023-05-17T09:03:24","modified_gmt":"2023-05-17T13:03:24","slug":"us-tesla-price-cuts-boosted-modely-sales-2023q1","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=49841","title":{"rendered":"US: Tesla’s Price Cuts Boosted Model Y Sales By 79% In Q1 2023"},"content":{"rendered":"

Tesla’s price reductions applied during the first quarter of 2023 (initially in January and then several times adjusted), combined with renewed eligibility for the federal tax credit (Model 3\/Model Y), allowed the automaker to noticeably increase sales in the United States.<\/p>\n

However, the growth does not spread equally throughout the lineup. According to the registration data from Experian<\/em> (via Automotive News<\/em>), Tesla<\/a>‘s new BEV registrations in Q1 amounted to 155,360, which is 37 percent more than a year ago (and 60 percent of the total all-electric car volume<\/a>).<\/p>\n

As it turns out, the Model Y<\/a> is responsible for about 60 percent (93,294) of all Tesla registrations. This is the most popular Tesla model, which noted a 79 percent increase year-over-year (higher than the BEV segment as a whole – 63 percent). The Model Y also holds a 36 percent share (more than one-third) of the total BEV segment.<\/p>\n

Other Tesla cars are not so strong. The Model 3<\/a> in Q1 was up by only 11 percent to 52,885. That’s still a very strong result (the second most popular all-electric car), but considering similar price cuts and incentives, it seems that consumers simply prefer the crossover\/SUV body type.<\/p>\n

The Model S<\/a> is down by 71 percent year-over-year to 2,636 units (potentially because Tesla started deliveries in various global markets, shifting its logistics), while the Model X<\/a> was up by 34 year-over-year to 6,545.<\/p>\n

Registrations in the US – January-March 2023:<\/p>\n