See the world’s 5 best-selling cars in Q1 2023

Globally, auto fans are beginning to prefer electric cars over the usually petrol-powered vehicles. This is evidenced in the demand for electric models of cars in the global auto markets.

Also, it explains why for the first time, an electric car known as Tesla Model Y is at the top of global sales rankings, according to the data from 53 global markets obtained by JATO Dynamics, a global automotive market research company.

Though Tesla Model Y is leading the world’s best-selling car in the first quarter of this year, Toyota still has four of its brands on the list. Here are the world’s five best-selling cars in the first quarter of the year:

Tesla Model Y

Tesla Model Y has unseated Toyota Rav4 to become the world’s best-selling car in the first quarter of 2023, according to the data compiled by JATO Dynamics.
The car sold about 267,200 units within the period under review, representing an increase of approximately 69 percent from the same period last year.

The Model Y performed strongly in China, its core market, in the United States where it sold up to 68 percent, and in Europe, where it became the top-selling vehicle.

Meanwhile, the feat was not surprising to industry close watchers because going down memory lane, it will be recalled that in August 2022, Elon Musk, chief executive officer of Tesla, announced during the annual shareholders meeting that the Tesla Model Y will become the best-selling new vehicle in the world in 2023.

Then, it was considered an optimistic target, given the high average price of this mid-size electric SUV, but the Tesla brand has grown very rapidly to get to where it is today.
In 2022, Tesla Model Y was the third best-selling car last year, behind only two very popular names: the Toyota RAV4 and the Toyota Corolla.

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Industry close watchers believed that the demand for the electric car was due to price cuts and the company’s expansion programmes.