U.S. Auto Market

Big & Bold: Pickup Trucks Dominate U.S. Auto Sales

Celebrating its 75th anniversary this year, the Ford F-Series is no less than an American icon. Ford’s immensely popular line of pickup trucks has been the best-selling truck for 46 consecutive years and the country’s best-selling vehicle for the last 41 years. And since it’s very hard to overtake an F-Series truck, both literally and figuratively, the F-Series will once again be America’s number 1 vehicle this year.

According to Car and Driver, Ford sold 573,370 units of its heavyweight truck in the first nine months of 2023, including 12,260 electric F-150 Lightning trucks. In a testament to America’s love of pickup trucks, the F-Series is trailed by the Chevy Silverado and the Ram Pickup in second and third place, before the Toyota RAV4 is the first non-heavy-duty vehicle in this year’s ranking of best-selling cars and trucks.

The enduring love affair between Americans and pickup trucks is deeply ingrained in the nation's automotive culture. Rooted in the early 20th century, when trucks were primarily tools of trade, their evolution over time saw them transition from workhorses to versatile, multipurpose vehicles catering to a diverse range of lifestyles. Capable of seamlessly transitioning from hauling heavy loads at a worksite to serving as a family vehicle for weekend adventures, the spacious cabins, towing capacity and off-road capabilities of modern pickup trucks cater to a wide spectrum of consumer needs.

Moreover, the 'American Dream' narrative has often been intertwined with these trucks. The very essence of the pickup truck embodies the spirit of the country itself - bold, ambitious and unyielding. In recent years, the market for pickup trucks has expanded beyond traditional demographics. Their appeal now extends to urban dwellers, outdoor enthusiasts and even environmentally conscious consumers with the introduction of electric pickup trucks. Tesla’s Cybertruck is just the latest such example, and when looking at Tesla’s track record combined with America’s love of heavy-duty trucks, it looks like a surefire hit.

Description

This chart shows unit sales of the best-selling cars in the U.S. in the first nine months of 2023.

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