A new study finds that the United States still has the most valuable car in the world, despite the ongoing global economic downturn.
The new study from Edmunds.com finds that a new Audi A6 sedan is the best-selling car in America, beating out the likes of the Chevrolet Camaro, Toyota Camry and Hyundai Elantra.
The study, conducted by Edmunds and research firm IHS Markit, found that the new A6 and the Ford Focus ST are the best two-seaters in the US.
The report says the new Audi was the best selling model in the United Kingdom, the United Arab Emirates and Canada in the first quarter of 2018, while the Ford Fusion is the second-best-selling model in China, according to the company.
The new A4, Ford’s midsize SUV, was also the best car in Europe in the quarter.
“The Ford Focus was the only vehicle to outperform the average car sales in the U.S. in the third quarter,” said Edmunds senior analyst Kevin DeMuth.
“The Ford Fusion, while still selling poorly in the short term, did very well during the quarter.”
DeMuth said that the Ford Fiesta and Lincoln Navigator were also the most-popular vehicles, but were also significantly less expensive than the average American vehicle.
“While the Ford and Lincoln brands remain the two best-performing models in the industry, the Focus and Audi have begun to overtake them,” he said.
The US, meanwhile, is currently on track to surpass China for the first time since 2008.
The IHS forecast that American sales will be the fastest to reach $6.6 trillion in 2021.
The auto analyst said that while the industry is still experiencing a bit of a downturn, it is still in a very strong position and could be the largest car market in the country in the future.
“A lot of the new luxury brands that are on the rise are not necessarily going to be profitable in the near term,” DeMulh said.
“But the trend for the new premium brands, like BMW, Mercedes-Benz and the likes, is positive.
There are going to continue to be plenty of great new models coming out.”
DeLuth also noted that the average price of a new car in 2018 was still higher than the median household income of $58,000 in the city of New York.
He also said that American consumers were buying more than the European average.
“We are going through a time when there is so much growth in the American economy,” he told CNN.
“There’s more opportunity for Americans to buy a new, luxury vehicle.”