Tesla

Tesla Is Sole Automaker to Achieve Positive 2020 YTD Growth in US, Flexing Strength in Decade's Hardest Year

Tesla Is Sole Automaker to Achieve Positive 2020 YTD Growth in US, Flexing Strength in Decade's Hardest Year

2020 has proven to be very challenging for automakers. Sales data confirm that COVID-19 dealt a massive blow to the industry. Year-to-date, Tesla has been able to achieve positive growth, yet it is the only manufacturer in the U.S. auto market to do so. And the popular electric vehicle maker's growth is staggering, despite the worst headwinds in a decade.

Car sales began to recover slightly in September, 2020, according to Good Car Bad Car, but Tesla has been the benefactor of the largest increase in sales. In September, the company was able to sell 104.28% more cars than in the same month of 2019. Meanwhile, a number of popular brands continued to experience decline in sales.

Tesla became the only automaker in the U.S. to see sales growth in 2020 over the same period in 2019. In the first nine months of 2020, sales were up 65.15%. And while Tesla is experiencing increased demand for its cars, all other automakers continue the struggle to stay afloat.


Source: Good Car Bad Car

The diagram below helps visualize the strength and advantages of the Tesla brand. The size of the area for each brand refers to its market share. The larger the circle, the larger the brand in terms of sales (YTD). The position of the circle on the chart along the left axis reflects the growth of this brand from the beginning of the year to the present. The higher the brand is on the chart, the more sales growth has been observed since the beginning of the year. Along the bottom axis, you can see the total volume shipped by this brand in, year-to-date.


Source: Good Car Bad Car

The quarterly figures also confirm a gradual recovery in sales. Despite the sluggish growth of other automakers, Tesla jumps big, selling 154.7% more cars than in Q2 2020.


Source: Good Car Bad Car

H/T @nd6/Twitter

© 2020, Eva Fox. All rights reserved.

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Article edited by @SmokeyShorts, you can follow him on Twitter

About the Author

Eva Fox

Eva Fox

Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.

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