Tesla is also the top brand in the premium/luxury segment, as per the Automotive News Research & Data Center estimates.
According to the report, the total sales are approximately 539,807 (up 7.1%) vehicles in the third quarter. 114,000 (21%) of those were Tesla vehicles.
The automaker’s result is 47% higher than the prior year. This means that the company expands faster to gain a higher share.
Notably, BMW had an increase in deliveries in the third quarter by 3.2% (78,031), But its year-to-date (YTD) gap with Tesla has over 112,000. In addition, third spot sits Mercedes-Benz with 72,389 units (up 31%), then Lexus with 67,524 units (down 17%), and Audi with 39,267 units (up 20%).
Some premium brands, however, suffer from production constraints—for instance, Volvo, with 21,631 units (down 32%) in the third quarter.
Tesla’s current position further accelerates in the US. When previously, the luxury segment was taken over by several European brands. It is also worth noting that Tesla Model Y was best-selling in Austria, China, and Germany, and second best-selling in Denmark, and the Tesla Model 3 was best-selling in Canada.
Changes in the federal tax credits drive customers to choose locally-made EVs, which will see the US with more locally-made BEVs.