BYD predicted to outsell Ford and Honda in 2024

BYD is predicted to outsell Ford and Honda in new car sales this year. The Chinese automaker is inching closer to surpassing 4 million sales for 2024. 

In November 2024, BYD sold half a million cars, approximately 506,804 units. At its current pace, the China-based car maker is expected to beat its 2024 sales target of 4 million units. With its November sales results in mind, BYD’s total sales year-to-date stands at 3,757,336 cars, up 40% year-on-year (yoy). 

BYD’s plug-in-hybrid vehicles account for the majority of its new car sales. The Chinese automaker sold under 2.2 million hybrids in the first 11 months of the year, up 70% yoy. 

In comparison, Japanese automaker Honda sold 3.11 million units between January and October. Fortune states that Honda’s sales this year match its 2023 pace. It sold under 4 million vehicles last year. 

Meanwhile, Ford sold 3.3 million cars in the first three quarters of 2024. At its current pace, the US-based automaker is estimated to sell 4.3 million units in total this year, slightly under the 4.4 million new cars sold in 2023. 

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