Shulou(Shulou.com)11/24 Report--

CTOnews.com, September 4, TrueCar's August sales analysis showed that Tesla's sales increased by about 105% compared with the same period last year.

According to TrueCar's August sales forecast, Tesla sold about 47629 vehicles in the US, up 105.8 per cent from a year earlier and the fastest growing of all brands, followed by General Motors (40.9 per cent) and Daimler (40.0 per cent).

According to TrueCar analysis, Tesla's current market share is estimated at 4.1 per cent and retail share at 4.4 per cent, which means the brand's market share is double that of 2.3 per cent in the same period last year. In addition, GM, Ford and Toyota remain market leaders in the United States, with a market share of 16.4% for GM, 13.7% for Ford and 14.8% for Toyota.

At this stage, most car companies no longer report their monthly sales. While the report does not specifically analyze electric vehicles or any other market segment, analysts say Tesla may be widening the gap with other electric carmakers rather than being tied.

CTOnews.com learned that some brands seemed to have suffered heavy losses in August. TrueCar estimates that Honda's sales are down 41.5% this month, Nissan is down 24.5%, and Toyota is down 9.4%.

Looking at the overall market, TrueCar expects car sales to grow by about 9 per cent in July from a year earlier, and may even be slightly higher than in July this year. Volume sales may be an important factor, with TrueCar estimating year-on-year growth of 40 per cent. But sales of used cars are down 17% compared with the same period last year.

More interestingly, Americans spend more money on cars than ever before. TrueCar estimates that the average transaction price of a new car is up 10% from last year, but down slightly from last month. In addition, the duration of loans is longer than ever before, with an average of 70 months for new car loans and 71 months for used cars.

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