Tesla captures U.S. luxury crown

Mercedes-Benz manufactured a late rally to overtake Lexus for a podium end in 2023.

The German automaker delivered 286,764 luxury automobiles in 2022, an increase of 3.9 per cent. It was 1 of just 4 major luxury brand names, together with Tesla, Cadillac and Genesis, to write-up revenue gains past year.

Mercedes’ fourth-quarter deliveries surged 21 percent, fueled by the launch of 3 EQ all-electric models at the close of 2022.

The manufacturer also centered on driving revenue of high-close designs, this kind of as the S-Course and AMG, which accounted for 29 percent of deliveries.

“That was quite optimistic on the profitability ranges, for us and for our dealers,” Mercedes-Benz United states CEO Dimitris Psillakis told Automotive Information.

Restricted new-car or truck supplies squeezed Lexus final yr. The Japanese brand name shipped 258,704 autos previous yr, a 15 per cent slide from 2021, adequate for No. 4.

At situations midyear, Lexus’ auto source on vendor a lot was measured in hours, not days, according to monthly inventory experiences.

“On common, there is likely about a a few-thirty day period wait around” for new Lexus vehicles, depending on product, brand name manager Dejuan Ross claimed, noting wait around periods can array from two months to “in excess of 18 months” for the LX.

Swedish automaker Volvo’s U.S. product sales slid 16 % final calendar year to 102,038. Volvo cited offer chain issues and production slowdowns triggered by part shortages and COVID-relevant lockdowns in China.

Volvo’s EV income surged very last 12 months as the automaker seeks to go all-electrical by 2023. In 2022, the brand’s Recharge versions — vehicles with completely electric powered or plug-in hybrid powertrains — accounted for 27.4 per cent of revenue, with BEVs at 7.2 percent, up 22.3 and 14.3 p.c, respectively.


Larry P. Vellequette contributed to this report.

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