The World's Best Selling Car Is No Longer a Tesla
The Tesla Model Y disrupted everything by becoming the world's best-selling car in 2023. It did so with an 11% jump in volume, up to 1,223,000 units—nearly 150,000 more than the Toyota RAV4. It was the first EV to sit atop the global sales chart, and through 2024, it looked like it might retain its spot. Data shows, however, that the RAV4 pulled ahead and closed out last year as the world's best-selling car with 1,187,000 units.
JATO Dynamics automotive analyst Felipe Munoz tallied up the totals, pulling from national statistics offices, dealer associations, and various contacts in the industry. The Model Y still came extremely close to the RAV4, as it lost out by an estimated 2,000 units. That's impressive considering that Model Y production slowed down when a facelift was rolled out mid-year. Sales of Tesla's crossover dropped 3% and the brief manufacturing halt likely had something to do with it.
Munoz's research shows that not only did Toyota regain its sales title, but it also claimed five of the top 10 spots. After the Model Y, in third place was the Corolla Cross (AKA the Frontlander in some markets). The Corolla sedan took fifth, while the Hilux pickup was in sixth and the Camry, in eighth.
The RAV4 was able to climb into first place thanks to an 11% sales increase year-over-year. That's a bit surprising, given that the model's current generation is in its final year. You don't expect to see such a hike on a (relatively) older model, especially with the promise of more tech and capability on the way. The 2026 RAV4 has already been revealed with its boxy redesign and a full hybrid lineup making as much as 320 horsepower.
View this post on Instagram
A post shared by Felipe Munoz | Automotive (@carindustryanalysis)
Cars not named Toyota or Tesla in the global top 10 include the Honda CR-V in fourth, the Ford F-150 in seventh, and the BYD Qin in 10th.
Got a tip or question for the author? Contact them directly: caleb@thedrive.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
32 minutes ago
- Yahoo
Japan's Trade Strategy Tested as Trump Pushes for Quick Deals
(Bloomberg) -- Japan's efforts to maintain a steady, friendly approach to trade negotiations are being tested as President Donald Trump ramps up pressure for a deal ahead of a looming tariff deadline. Struggling Downtowns Are Looking to Lure New Crowds Philadelphia Transit System Votes to Cut Service by 45%, Hike Fares Squeezed by Crowds, the Roads of Central Park Are Being Reimagined Sprawl Is Still Not the Answer With higher US tariffs set to take effect on July 9, Tokyo's cautious strategy has yet to deliver a breakthrough, raising the risk that it could become an easy target in the Trump administration's push for fast wins. Unlike China, which has taken a more retaliatory stance to US pressure, Japan remains dependent on Washington for trade and security, leaving Tokyo with little appetite for direct confrontation. Instead, chief trade negotiator Ryosei Akazawa is likely to stick to his playbook of keeping talks frequent, polite and firm, not wanting to risk a bad deal with a national vote looming on July 20. 'The government is stuck between US expectations and domestic pressure not to give up too much before the election,' said Rintaro Nishimura, an associate at The Asia Group. Trump has stepped up his rhetoric. After lambasting Japan for not buying enough US cars in an interview that aired Sunday, he followed up with a social media post attacking 'spoiled countries' and singled out Japan for not importing US rice. 'They won't take our RICE, and yet they have a massive rice shortage,' Trump said. He then reiterated a threat to unilaterally inform Japan of the tariff levels the US would apply. 'In other words, we'll just be sending them a letter, and we love having them as a Trading Partner for many years to come.' Japanese officials responded cautiously on Tuesday, trying not to inflame tensions. Akazawa — who's made seven trips to Washington in recent months — may have had the most reason to be frustrated. On his latest visit, he didn't get to meet Treasury Secretary Scott Bessent, and two of his three conversations with Commerce Secretary Howard Lutnick happened over the phone. 'Most times I'm taking off from Haneda Airport without a confirmed schedule of meetings,' Akazawa said Tuesday on his return to Tokyo. Yet despite the hurdles, he projected confidence that repeated talks and relationship-building will eventually lead to a mutually acceptable deal. 'We expect a package to span various fields and become quite extensive, so there are still points where the two sides are not on the same page,' he said. 'We find both the reciprocal and sectoral tariffs unfortunate. So we won't be able to say we have protected our national interests unless both of them are addressed.' Investors, for now, are keeping calm amid the trade negotiations. 'The bark is worse than the bite,' said Rajeev De Mello, Geneva-based portfolio manager at Gama Asset Management SA. 'I expect that the US will delay most of the excess tariffs but keep a 10% rate.' Japan's Strategy Japan's pitch to Washington has centered on jobs and investment, especially in the auto industry. Ishiba's team is pushing to reduce a steep 25% tariff on Japanese cars and lower the planned across-the-board duties from 24% set to take effect on July 9. Tokyo is also offering cooperation on shipbuilding and increased spending on US semiconductors and liquefied natural gas as sweeteners. That jobs-first message has worked before. Trump dropped his opposition to Nippon Steel's takeover of US Steel after Japan stressed its commitment to American workers. But a strategy that worked in the boardroom may not be enough to move the dial at the national level. 'The message from the Trump administration is that it wants something big. The Japanese are patching things together and hoping that it sticks,' Nishimura said. The stakes are high for Tokyo. Japan's auto industry accounts for nearly 10% of the country's gross domestic product and employs around 8% of the workforce, making it a vital growth engine Ishiba is under pressure to defend. While some level of tariffs on cars seems inevitable, officials hope to bring them down closer to 10% to show progress at home. One option could be to open Japan's rice market in exchange for concessions on cars. But that's politically sensitive. The ruling Liberal Democratic Party has long relied on support from the farming sector to retain seats in rural areas, and any move seen as giving up the agricultural lobby to protect the auto industry would risk alienating that voting base. Akazawa has said Japan won't sacrifice farmers in the trade deals. Agriculture Minister Shinjiro Koizumi said he will support talks that maximize the benefits for Japan. Japan will need to make broader gestures, such as removing non-tariff barriers on car imports and lowering duties on its agricultural products including rice, according to Kenichi Kawasaki, a professor at the National Graduate Institute for Policy Studies. Even then, he expects US car tariffs of about 10% to remain. Akazawa has chosen his words carefully as Japan navigates the looming July 9 trade deadline. While acknowledging the milestone, he has made clear Tokyo won't be pressured into a deal it doesn't want. Trump for weeks has sought to exert leverage with negotiating partners ahead of the deadline, vowing to cut short talks with those he sees as being difficult and instead send them letters setting tariff rates. Asked if Akazawa will quickly disclose to the media if a letter from Trump arrives, he smiled. 'If it comes to that, I think you'll find that President Trump will have announced it already on Truth Social,' Akazawa said. --With assistance from Umesh Desai and Gina Turner. America's Top Consumer-Sentiment Economist Is Worried How to Steal a House SNAP Cuts in Big Tax Bill Will Hit a Lot of Trump Voters Too China's Homegrown Jewelry Superstar Pistachios Are Everywhere Right Now, Not Just in Dubai Chocolate ©2025 Bloomberg L.P.
Yahoo
43 minutes ago
- Yahoo
Will Amazon Stock Cross $300 in 1 Year? Here's What Analysts Say.
Amazon (AMZN) continues to post strong financial results, driven by its leadership in e-commerce and cloud computing. Yet, despite the solid fundamentals, its stock has remained largely flat in 2025. Broader macroeconomic concerns and a slight moderation in its growth at Amazon Web Services (AWS) have limited AMZN stock's upward momentum so far this year. While macro uncertainty, including tariffs, poses challenges, Amazon's e-commerce operations are still well-positioned for steady growth. The company's broad product range, competitive pricing, and fast delivery infrastructure continue to give it an edge, even in a challenging consumer environment. Jeff Bezos Unloads $5.4B in Amazon Shares: Should You Buy or Sell AMZN Stock Now? Elon Musk's Tesla Makes History With 'First Time That a Car Has Delivered Itself to Its Owner' This Defense Stock Could Be the Next Palantir. Should You Buy It Now? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Meanwhile, AWS, the backbone of Amazon's profitability, saw its revenue growth slow slightly to 17% year-over-year in the first quarter, down from 19% in the previous quarter. However, this modest deceleration appears more cyclical than structural, as businesses take a more measured approach to cloud adoption during uncertain economic periods. Notably, demand remains strong, and AWS carries a sizable backlog of deals, suggesting reacceleration is likely in the coming quarters. Wall Street remains optimistic and maintains a bullish stance on AMZN. The Street-high price target of $305 signals notable upside potential from current levels. With the strength in its core businesses, opportunities led by artificial intelligence (AI), and a focus on improving profitability, Amazon stock could gain momentum in the second half of the year. Amazon is poised to deliver solid growth in the coming quarters, which could lift its share price higher. Its vast and varied product selection, especially in high-demand categories like groceries, positions it well to deliver steady growth. This allows Amazon to cater to a wide range of consumer budgets and needs, making it resilient even during periods of economic uncertainty. Customers continue to flock to its platform thanks to Amazon's commitment to competitive pricing and attractive deal events, which further strengthen its appeal. Operationally, Amazon has made significant progress in transforming its fulfillment network. It has moved to a more localized, regional structure. This shift enables the company to place products closer to customers, resulting in faster deliveries and lower shipping costs. Its new inbound logistics architecture supports this strategy, increasing the proportion of items stored in each fulfillment center and improving overall efficiency. Looking forward, Amazon is doubling down on these operational enhancements. The tech giant is expanding its network of same-day delivery sites and integrating more automation and robotics to streamline its logistics further. These upgrades are expected to enhance both speed and cost efficiency, thereby strengthening Amazon's competitive edge in e-commerce. Beyond e-commerce, Amazon's advertising business has emerged as a significant profit driver. In the first quarter of 2025, advertising revenue rose 19% year-over-year. This growth reflects strong demand for Amazon's advertising capabilities and shows its rising influence in digital marketing. Then there's AWS, the company's cloud computing powerhouse. AWS grew 17% year-over-year in Q1, reaching an impressive $117 billion annualized revenue run rate. Amazon continues to sign major cloud deals with large enterprises, and the long-term runway remains significant given the large addressable market and ongoing digital shift. Furthermore, the growing adoption of AI is another key driver of growth. Amazon's AI business already has a multibillion-dollar annual revenue run rate and is growing at triple-digit percentages annually. As enterprises increasingly prioritize AI and automation, Amazon's substantial investments in this space are likely to yield substantial returns in the years to come. In summary, Amazon's multi-pronged strategy, spanning e-commerce, logistics, advertising, cloud computing, and AI, provides a solid foundation for a rebound in its share price. While Amazon stock has remained roughly flat so far in 2025, the company's strong fundamentals and diverse growth engines suggest it is well-positioned for a rebound. Continued strength in e-commerce, strategic operational improvements, a growing advertising business, and long-term potential in AWS and AI all point to a solid foundation for future gains. With analysts maintaining a 'Strong Buy' consensus rating and ongoing strength in its core businesses, Amazon stock has the potential to reach $305 within one year. On the date of publication, Sneha Nahata did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Business Wire
an hour ago
- Business Wire
GMO GlobalSign Receives 2025 Fortress Cybersecurity Award for Cryptography
BOSTON--(BUSINESS WIRE)-- GMO GlobalSign, Inc. a global Certificate Authority (CA) and leading provider of identity security, digital signing and IoT solutions, today announced that it has been named a winner in the 2025 Fortress Cybersecurity Awards, presented by the Business Intelligence Group. The company was recognized in the category of Cryptography for its work in protecting systems, infrastructure, and data from the growing threat landscape. The Fortress Cybersecurity Awards program honors the industry's leading companies and professionals who are going beyond compliance to build and maintain secure systems and processes. Winners are selected based on innovation, measurable impact, and commitment to security best practices. 'The volume and complexity of threats facing organizations today is growing by the minute,' said Russ Fordyce, CEO of the Business Intelligence Group. 'The winners of this year's Fortress Cybersecurity Awards are not only keeping up—they're setting the pace. We're proud to honor GMO GlobalSign for building systems and solutions that make us all more secure.' GMO GlobalSign was recognized for its comprehensive suite of automated Certificate Lifecycle Management (CLM) solutions and other Public Key Infrastructure (PKI) based products to suit the needs of its customers based on their specific IT security requirements. 'We are honored for the recognition from the Business Intelligence Group. It acknowledges GMO GlobalSign's nearly three decades of leadership in encryption and public key infrastructure,' said Minoru Karasawa, Chief Technology Officer, GMO GlobalSign. 'At a time when the Certificate Authority industry is experiencing a massive shift towards shorter certificate validity periods, organizations face mounting pressure to manage digital trust at scale. The Business Intelligence Group award underscores our longstanding commitment to help businesses stay secure and compliant in an increasingly complex cybersecurity landscape." To learn more about the Fortress Cybersecurity Awards, visit: About GMO GlobalSign As one of the world's most deeply-rooted certificate authorities, GMO GlobalSign is the leading provider of trusted identity and security solutions enabling businesses, large enterprises, cloud-based service providers, and IoT innovators worldwide to conduct secure online communications, manage millions of verified digital identities and automate authentication and encryption. Its high-scale Public Key Infrastructure (PKI) and identity solutions support the billions of services, devices, people, and things comprising the IoT. GMO GlobalSign is a subsidiary of GMO GlobalSign Holdings,K.K. a member of the Japan-based GMO Internet Group, has offices in the Americas, Europe and Asia. For more information, visit The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives with real-world experience. The organization's proprietary scoring system measures performance across multiple business domains and rewards companies whose achievements are significant and measurable.