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Tesla Model 3 Topples Camry As Best-Selling Aussie Car — Triggers Toyota 'Response'

Published 11/01/2023, 05:19
Updated 11/01/2023, 06:40
© Reuters.  Tesla Model 3 Topples Camry As Best-Selling Aussie Car — Triggers Toyota 'Response'

Benzinga - Tesla Inc’s (NASDAQ: TSLA (NASDAQ:TSLA)) Model 3 has snagged the best-selling car tag in Australia from Toyota Motor Corporation’s (OTC: TOYOF) Camry.

What Happened: The Camry was all set to emerge as Australia’s best-selling car for the 29th year in running, but the Elon Musk-led automaker delivered 1,806 Model 3 vehicles in December, bringing the total such cars delivered in 2022 to 10,877, reported Electrek.

Toyota delivered 9,538 units in 2022 and therefore Tesla ended Camry’s 28-year reign as Australia’s best-selling car, according to the report.

Why It Matters: The upset appears to have caused Toyota to reword a press release that made reference to Camry as an Australian best-seller.

The Japanese automaker said, “Toyota vehicles were the best-selling models in nine market segments last year: Corolla (small cars), Camry (medium cars

The addition of “less than $60,000” in the release indicates that Toyota was taken by surprise by Tesla pipping it, noted Electrek.

In Australia, the Model 3 starts at $64,000, while the Carmy does so at $30,000.

In December, it was reported that Tesla Model Y could be the bestselling vehicle in 2023 globally. In 2021, Model Y was the 19th best-selling vehicle globally.

Read Next: Tesla Model Y Wait Times In China Skyrocket After Price Cuts

© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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