"2023 Auto Sales Trends: Record Highs, Market Shifts, and the Rise of Tesla and Hyundai-Kia"
Major automakers like GM, Toyota, Ford, and Stellantis have experienced a decline in new vehicle sales, with figures falling short of peak years and showing an ugly trend over recent years. This is attributed to decades of price increases and a shift towards upscale models, making new vehicles less affordable for the average American. Hyundai-Kia, however, set a record in sales, surpassing Stellantis. Tesla has shown significant growth and is now considered among the major US automakers, with the Model Y becoming the second bestselling vehicle in the US. Meanwhile, Honda and Nissan are facing challenges, with Honda relying on GM's Ultium platform for its upcoming EV and Nissan's sales still significantly below their peak.