In the United States, Ford pickup trucks have long been a dominant force in the market. The Ford F-150 frequently held the title of the best-selling vehicle across all categories, with other full-size pickups like the Chevrolet Silverado often not far behind. However, things have started to change, particularly with the rise of Tesla in the electric vehicle (EV) space. Tesla, which is now the largest producer of fully electric vehicles globally, saw sales surge, especially with its Model Y SUV, which nearly dethroned long-standing leaders like the Toyota RAV4 and Ford F-150. In 2022 alone, Tesla produced over 1.3 million EVs, and the company continues to expand its manufacturing capabilities, positioning itself at the forefront of the EV revolution.
Ford’s Pickup Truck Dominance Slips
Traditionally, pickup trucks in the U.S. commanded high prices, and buyers were willing to pay premium amounts for fully-loaded, high-performance models. Some pickups, like the Ford F-150, have sold for over $100,000 when fully equipped with features such as four-door 4×4 capabilities. But times are changing. In 2024, the F-150—both in internal combustion engine (ICE) and electric versions—dropped to the #3 spot in overall sales, after being in #4 during the first quarter. It held 2.7% of the market share in the first half of the year, trailing behind the Toyota RAV4 and the Tesla Model Y, each of which held a 2.8% market share, as per Experian’s registration data.
Meanwhile, the Chevrolet Silverado 1500 saw its market share rise to 2.5%, placing it at #5. The GMC Sierra 1500 had a smaller share of 1.4%, while Stellantis’ Ram 1500 dropped off the list of the 20 best-selling models after previously holding the #10 spot in Q1, reflecting Stellantis’ broader challenges in the U.S. market.
Tesla’s Model Y Surges Forward
The Tesla Model Y has been gaining momentum, quickly climbing to become one of the best-selling vehicles in the U.S. Its market share increased to 2.8%, just shy of taking the top spot from the Toyota RAV4. This marks the highest share ever for the Model Y, up from 2.6% in Q1. The Model Y is on the verge of becoming the #1 selling vehicle in the U.S., signaling a major shift in consumer preferences toward EVs.