One Tesla model outperformed another to rank as the most “US-made” vehicle for 2022 in this long-running index, which judges competitors based on their US-based assembly line, sourcing of key parts and other features.
It’s Tesla’s TSLA,
The Model Y was voted #1 by Cars.com this year, the auto listing and news site announced Tuesday.
The most US-made vehicle a year ago was the Tesla Model 3, the first time an all-electric vehicle (EV) topped the list established in 2006. The Model 3 lands in second place for 2022.
Related: The most US-made car in 2021 is a newcomer to the top spot
Check out the full list, including starting sticker prices. Check out the least American and most “American” cars by category.
Both Tesla EV options have only recently climbed up the list, owing to the fact that the Elon Musk-founded manufacturer liked to keep complete production dates close by until recently. Tesla stock is trading 31% lower year-to-date, but is up 16% from where it was a year ago.
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Rising pump prices, shortage of chips
Jenni Newman, Editor-in-Chief of Cars.com, said that this year’s hits during particularly interesting market conditions for car buying: petrol prices RB00,
climb; increasing curiosity about electric vehicles and hybrid gas/plug-in options; and global trade and supply chain tensions are refocusing consumers on what it might mean to be “Made in America.”
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“That Tesla — an American-made, all-electric brand — appears frequently and high on the list could signal an impending convergence of market forces that could really explode once we break through microchip supply chain troubles, especially if gas prices are historically high.” staying high,” Neumann said.
“It also bodes well for other Original Equipment Manufacturers (OEMs), including the Honda 7267,
and General Motors GM,
working to diversify product lines with more EV and hybrid options,” she said.
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make the cut
The Cars.com Index is based on five factors: location of final assembly; percentage of US and Canadian parts; country of origin for available engines; country of origin for available transmissions; and U.S. manufacturing workers relative to the automaker’s footprint.
That year, 95 of the 379 vehicles available in the US auto market made the index, with sourcing, production and assembly primarily in Michigan (15%), Ohio (12%), Indiana (12%), Alabama (12%) took place. ) and Tennessee (11%).
And just because a car isn’t made in the USA doesn’t mean it doesn’t have the qualities that make it desirable.
Perhaps the most prominent example from Cars.com’s perspective is the Ford Maverick, which received both Best of the Year 2022 and Best Pickup Truck of 2022 awards. It is made in Mexico.
Model deviations can also make a difference. Ford’s EV, the Mustang Mach-E, shares a trunk nameplate with the Mustang at number 26, but is an entirely separate vehicle, also made in Mexico.
Cars.com stated that it does not rank pure fleet vehicles, nor models scheduled for retirement after the current model year without a US-built successor. And the site will disqualify any vehicles it does not trust the data for, typically because they fall below the minimum sale and inventory thresholds or are not yet for sale at the time of its research.
AMZN supported by Amazon,
another US-based EV name that made a splash last year with a very popular IPO. Since then, the stock has fallen about 70% in 2022.
Rivian didn’t hit Cars.com’s sales threshold this year as the Illinois-based electric vehicle maker is in the early stages of ramping up production, Newman said.
“While they haven’t made it this year, if Rivian ramps up production, it’s certainly possible that they’ll show up big in future American-made indices,” she said.
The Biden administration and the leadership of big electric-car states like California have made the push to roll out electric vehicles and chargers a priority, part of broader policies that include a shift to renewable energy and achieving net-zero emissions by 2050 The president’s critics have said US reliance on imported parts could slow US job growth, which the White House says may coincide with the rising popularity of electric vehicles.
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Nevertheless, the private sector sees a shift in demand. Ford has vowed to make 40% of its global sales from electric vehicles by 2030, while GM said it will offer only electric vehicles and no internal combustion engines by 2035.
Certainly greater loading capacity and more competition with a range of prices will be key to acceptance.
A recent Cars.com consumer survey found that affordability issues, the most important attribute for car buyers, have increased by 15% year-on-year for both electric vehicles and traditional gas-powered models.
Additionally, prices for used cars and trucks are up 16% over the past year and 50% more than before the pandemic, according to industry data. In many cases, a used car is more expensive than a new car of the same model.
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Respondents considering an electric or hybrid vehicle also saw a double-digit increase of 21% over 2021.
However, the recent fondness for American-made vehicles is the real story. Due to the COVID-19 pandemic and the shock to a global supply chain as the economy unevenly returned to normal, 40% of car buyers say buying an American-built car is now more important to them, an increase of 22% compared to the previous year.