Buick Statistics By Vehicle Sales, Fuel Or Drive-Type Share, CO2 Emission, Revenue, Country And Demographics

Introduction

Buick Statistics: Buick, a division of General Motors, is renowned as one of America’s oldest and most prestigious automobile brands. Founded in 1903, Buick has established itself as a provider of affordable luxury vehicles, positioned between Chevrolet and Cadillac in GM’s lineup.

The brand’s lineup includes popular SUVs like the Enclave, Envision, and Encore GX, reflecting a strong emphasis on comfort, reliability, and advanced technology. Predominantly sold in North America and China, Buick continues to innovate and adapt, maintaining its reputation for luxury and performance.

Let’s dive into some interesting statistics and current facts about Buick!

Editors Choice

• Buick Statistics show that the total revenue of the Buick global market will turn around USD 25 billion by the end of 2024.
• Meanwhile, the market’s annual growth rate will reach a CAGR of 0.13%, and the market volume is projected to be USD 25 billion by the end of 2028.
• By 2028, the total number of Buick (passenger Cars) sold will reach up to 903.7k vehicles.
• As of 2024, Buick’s volume-weighted average price is supposed to be US$28k.
• In Q1 2024, Buick experienced a notable sales surge, with a 99% increase to 38,138 units sold, marking its strongest performance since Q1 2020.
• China will generate Buick’s highest revenue, amounting to approximately USD 18 billion.
• The American Buick passenger car market will reach 5,449 million US dollars in the current year.
• Buick’s revenue from U.S. sales in Q1 2024 was approximately USD 1.2 billion, with significant contributions from models like the Enclave, Encore GX, and Envision.
• Buick’s parent company, General Motors, sold 234,395 vehicles in the U.S. in the first quarter of 2024.
• The total number of website visits to buick.com to date reached 1.1 million, down by 21.74% from last month and securing a 48.39% bounce rate.

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Buick Statistics By Vehicle Sales

(Reference: statista.com)

• The total number of Buick (passenger Cars) sold is expected to be around 884.6 thousand units by the end of 2024, increased from 851.2 thousand units in 2023.
• Furthermore, Statista reports have predicted that Buick sales (in thousand vehicles) will increase in the coming years, representing 2025 (888.4), 2026 (893.5), 2027 (890.9), and 2028 (903.7).

Similarly, the above graph elaborates the Buick Unit Sales (in thousand vehicles) Statistics by
Type of Vehicles in the table below from 2023 to 2028:

By Fuel Or Drive-Type Share

(Reference: statista.com)

• Buick Statistics reports that in 2024, based on the fuel or drive types, petrol cars will capture the highest share of 92.23%, followed by electric cars (5.04%) and hybrid cars (2.73%).
• Meanwhile, in 2023, Buick cars’ fuel type share was petrol (93.91%), electric (3.77%), and hybrid (2.32%).

Besides, the table below elaborates on the drive type shares from 2025 to 2028:

By Autonomous Driving Level

(Reference: statista.com)

• A report published by Statista claims that in 2023, Buick’s autonomous driving level share was segmented into two categories: Autonomous 1 (55%) and Autonomous 2 (45%).

Furthermore, the autonomous driving level shares from 2024 to 2028 are depicted below:

By CO2 Emission

(Reference: statista.com)

• Buick Statistics further states that the average Carbon dioxide emission of Buick Cars will reach around 112 grams CO2 per kilometer by 2024, a decrease from 124 gm/km in 2023.
• On the other hand, the expected average CO2 emissions (in gm/Km) are supposed to be 2025 (104), 2026 (96), 2027 (89), and 2028 (97).

By Revenue

(Reference: statista.com)

• The total revenue generated by Buick passenger cars in 2023 was USD 24 billion, which increased from USD 23 billion in 2022.
• Buick Statistics also show that by the end of 2024, revenue will be approximately USD 25 billion.
• However, revenue (in billion USD) expected to be in the next years is supposed to be 2025 (24), 2026 (25), 2027 (25), and 2028 (25).

By Average Price

(Source: statista.com)

• The average price of each Buick Passenger Car in FY 2023 was around USD 28K.
• Moreover, the estimated average price of Passenger Cars from 2024 to 2029 will be the same as USD 28K units in 2029 (USD 27K).

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Global Revenue Comparison Of Buick By Country

• Buick Statistics 2024: China is projected to generate Buick’s highest revenue, amounting to approximately USD 18 billion.
• The market’s annual growth rate will reach 0.31% from 2024 to 2028, and the estimated contribution to the company’s overall market volume will reach around USD 19 billion by 2028.
• Furthermore, the estimated revenue and vehicle sales unit by the other top four countries in 2024 are the United States of America (US$5,022m and 165.7k), Uzbekistan (US$384m and 12.2k), Kazakistan (US$370m and 11.8k), and Canada (US$276m and 9.5k).

The table includes other country’s revenue and unit sales analyses of Buick in 2024:

By Region

Americas:

• Buick Statistics further state that the American Buick passenger car market will reach 5,449 million US dollars in the current year.
• In addition, the revenue will reduce by -1.75% between 2024 and 2028, reaching US$5,077 million.
• By 2028, Buick Statistics estimates that the Buick unit sales are estimated to be 166.1k vehicles.
• As of 2024, the volume-weighted average price will reach US$30k.

Asia:

• The total revenue in Asia is approaching around 19 billion US dollars by the end of 2024.
• Furthermore, Buick Statistics show that by 2028, the Buick unit sales will reach 737.6k vehicles.
• As of today, the volume-weighted average price of each Buick car resulted in US$28k.
• The market volume will reach up to US$20 billion by 2028, with an annual growth rate of 0.31% CAGR between 2024 and 2028.

Buick Statistics By Vehicle Sales

(Reference: statista.com)

• In 2023, Michigan-based General Motors Company sold approximately 166,900 vehicles under the Buick brand in the United States of America, representing a growth rate of 61.26% from last year.
• In the first quarter of 2024, Buick sold 38,138 vehicles in the United States, a 99% increase over the same period in 2023.

By Customer Satisfaction

(Reference: statista.com)

• Buick Statistics show that in 2023, Buick achieved an ACSI® index score of 79, reflecting a 3% increase in customer satisfaction from 2022.
• In the first quarter of 2024, Buick’s customer satisfaction score improved to 79, reflecting enhanced consumer satisfaction.

Buick Statistics By Country-Wise Monthly Sales, 2024

(Source: gmquthority.com)

Buick Statistics By Model Sales Breakdown

In Q1 of 2024, Buick experienced substantial sales growth in the United States, with a total of 38,138 vehicles sold.

Buick Models Statistics By Year

(Source: wikipedia.org)

Buick Website Traffic Statistics By Country

(Reference: similarweb.com)

• Buick Statistics 2024: the United States had 94.99% of the website’s total traffic, which has decreased by 8.37%.
• During the same duration, other countries recorded the following contribution in total traffic: Canada = 1.6% (8.16%), India = 0.32% (+127.1), the United Kingdom = 0.29% (+645.6%), and Poland = 0.22% (+96.81%).
• Other countries collectively made up around 2.57% of visitor share on buick.com.

By Demographics

(Reference: similarweb.com)

• In May 2024, male and female users of buick.com were 54.75% and 45.25%, respectively.
• The Buick Statistics by age group state that the highest number of website users observed is between 45 and 54 years old, which is 22.1%.
• 20.51% of Buick’s website users are aged 35 to 44 years.
• In contrast, 19.4% and 18.05% belong to individuals aged 55 to 64 and 25 to 34, respectively.
• Around 13.29% of users are aged from 65 years.
• Nearly 6.11% of user shares of buick.com contributed from the age group above 65 years.

By Traffic Source

(Reference: similarweb.com)

• Buick Statistics 2024 also shows that organic search generated the highest traffic rate to buick.com, 46.02%.
• Almost 26.44% of the share is made up of direct traffic searches, while 14.29% is from paid searches.
• Meanwhile, the website’s other traffic sources are referrals (5.43%), social (1.42%), mail (0.57%), and display (5.84%).

By Social Media Referral Statistics

(Reference: similarweb.com)

• Buick Statistics reported that Facebook had the highest social media referral rate, with a 62.95% share compared to other social network traffic.
• Facebook and Pinterest each contributed a share of 30% and 4.94% on buick.com.
• Meanwhile, traffic sent by LinkedIn was 5.72%.

Buick Statistics By Recent Launches, 2024

(Reference: (Buick)​ and (Buick News)​​.com)

Future Product Releases

• Buick Electra E5: Expected to launch in late 2024, featuring electric powertrain technology and advanced autonomous driving features.
• Buick LaCrosse: Redesigned model set for release in mid-2024, emphasizing luxury and sustainability.

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Demand Influencing Factors Of Buick

• The U.S. economy’s growth has led to increased disposable income, allowing more consumers to afford Buick’s luxury vehicles.
• Buick Statistics also show a significant shift towards SUVs and crossovers, which now make up a substantial portion of Buick’s sales. For example, the Encore GX saw a 128% increase in Q1 2024.
• Buick’s investment in hybrid and electric vehicles has appealed to eco-conscious consumers. The upcoming Electra E5, an all-electric model, is expected to drive future demand.
• Improved brand perception and a focus on quality and luxury have attracted younger buyers. The redesigned Envision, for example, saw a 241% increase in the first quarter of 2024.

Buick Sustainability Statistics

• As part of General Motors’ broader sustainability goals, Buick aims to achieve carbon neutrality by 2040.
• In the interim, Buick has targeted a 50% reduction in greenhouse gas emissions by 2025.
• Additionally, Buick plans to have a fully electric lineup by 2030, aligning with global trends toward electrification in the automotive industry​ (Buick)​​ (Learn Hub | G2).
• Buick Statistics further state that approximately 67% of the materials used in Buick vehicles now include recycled substances and products that generate lower emissions.
• However, the adoption of water recycling systems and efforts to reduce water usage by 20% by 2025.

Conclusion

Looking forward, Buick is poised for continued growth and innovation. The release of new electric and hybrid models, along with ongoing improvements in sustainability practices, positions Buick as a forward-thinking brand committed to meeting consumers’ evolving needs and environmental standards.