What does the data tell us? why is this happening? so america s top-selling beer is no longer an american beer. it now belongs to modelo especial. in may, modelo controlled about 8% of the beer market, which slipped to 7.3%. bud light has held this title since 2001, but we see more beer drinkers switching to imported beers like modelo and corona. bud light has also been hammered by right-wing lgbtq backlash from a single post from dylan mul mul mulvaney where she was pictured with a bud light can.