Key Takeaways
- In 2023, global automobile sales reached 88.6 million units, marking a 9.4% increase from 2022
- The United States sold 15.5 million light vehicles in 2023, with pickup trucks accounting for 22.1% of total sales
- China's passenger car sales hit 26.1 million units in 2023, representing 30% of global market share
- Global vehicle production totaled 93.5 million units in 2023, up 10% from 2022
- China produced 30.2 million motor vehicles in 2023, accounting for 32% of global output
- The US manufactured 10.6 million light vehicles in 2023, with a capacity utilization rate of 82%
- In 2023, 18% of new vehicles sold globally were electrified (BEV, PHEV, HEV)
- Tesla delivered 1.81 million electric vehicles worldwide in 2023, up 38% YoY
- Global EV sales market share reached 18% in 2023, led by China at 60% penetration
- Average US household owns 1.88 vehicles, with 91% having garage/parking access
- 76% of US car buyers in 2023 researched online before purchase
- Global average vehicle age reached 12.2 years in 2023 due to supply shortages
- In 2023, US road fatalities reached 40,990, a 4.4% increase from 2022
- Seat belt use saved 14,955 lives in US crashes in 2022 (latest full data)
- Globally, road traffic deaths totaled 1.19 million in 2023 estimates, 90% in low/middle-income countries
The global auto market grew significantly in 2023, led by China and increasing electric vehicle sales.
Consumer Behavior & Ownership
Consumer Behavior & Ownership Interpretation
Electric Vehicles & Sustainability
Electric Vehicles & Sustainability Interpretation
Market & Sales
Market & Sales Interpretation
Production & Manufacturing
Production & Manufacturing Interpretation
Safety & Accidents
Safety & Accidents Interpretation
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