The Global Light Vehicle (LV) selling rate for December 2023 was 94 million units annually, according to an analysis just released by the respected GlobalData* consultancy. This continues rising results since the middle of the year. The LV market grew 11.6% YoY to 8.4 million in December, finishing 2023 with 90 million units. This is 11% higher than the 2022 total. (AutoInformed: November Global Light Vehicle Sales at 94,000,000 Annually)
“Sales in the US were helped by year-end discounts offered by the automakers along with higher incentives. While Western Europe reached 13.3 million units in 2023, 14.1% higher than 2022, the LV market in December fell by 4.3% YoY led by Germany which had a strong base in 2022. For China, total LV sales in 2023 was up nearly 11% with Passenger Vehicle sales benefiting from stronger competition and aggressive price cuts,” the GlobalData light vehicle forecasting team said. Continue reading
Honda Tops US 2023 HEV Sales with Accord and CR-V
Click for more Honda.
Honda Motor said today that it posted an all-time sales record in 2023 with hybrid-electric vehicles leading US sales charts. The Honda CR-V hybrid SUV is the country’s best-selling hybrid model (197,317). The Accord hybrid sedan is the most popular hybrid-electric car (96,323). Last year, sales of Honda electrified models grew more than three-fold to set an all-time sales record with CR-V and Accord hybrid trims combining for 293,640 units, embodying more than 25% of total Honda brand sales.
“The success of our hybrid-electric sales in 2023 is an important building block toward our vision of 100% electrified vehicle sales by 2040,” said Lance Woelfer, assistant vice president of Honda National Auto Sales, American Honda Motor Co., Inc. “With the all-electric Honda Prologue and a new Civic hybrid coming this year, Honda will continue to increase our electrified sales in 2024 and beyond.” Continue reading →