Most manufacturers have already released their sales results for last year, so we know who is the world’s largest car manufacturer, and that is Toyota with 11.2 million vehicles. Also, we know that the world’s largest exporter is China, which took over that position from Japan. However, when it comes to individual models, the Tesla Model Y is the best-selling car in 2023.

According to JATO Dynamics, Tesla Model Y was delivered in 1.23 million units in the twelve months of 2023 – an increase of 64% compared to the previous year. Felipe Munoz, Global Analyst at JATO Dynamics, commented: “The increase in global sales of the Model Y is unprecedented, especially for a top ten best-selling vehicle. What Tesla has been able to achieve with the Model Y in such a short time is simply incredible .”

When it comes to the world’s largest car manufacturer, Toyota, Munoz thinks the RAV4 and Corolla could lose the battle with the competition: “Toyota has a strong presence around the world, with the RAV4 (SUV) and Corolla (compact car) they make this brand attractive with a diverse offering. However, both models do not have fully electric options, and only offer hybrid alternatives.” The Toyota RAV4 and Corolla were the second and third best-selling cars in the world.

“While Toyota still had a strong 2023, the RAV4 and Corolla are simply unable to compete in the electric car market, which is becoming more established and important across Europe and China,” Munoz said.

Source: JATO Dynamics