The U.S. auto industry sold nearly three million cars in 2024. That year, total car and light truck sales were approximately 15.9 million in the United States. U.S. vehicle sales peaked in 2016 at roughly 17.5 million units. Pandemic impact The COVID-19 pandemic deeply impacted the U.S. automotive market, accelerating the global automotive semiconductor shortage and leading to a drop in demand during the first months of 2020. However, as demand rebounded, new vehicle supply could not keep up with the market. U.S. inventory-to-sales ratio dropped to its lowest point in February 2022, as Russia's war on Ukraine lead to gasoline price hikes. During that same period, inflation also impacted new and used car prices, pricing many U.S. consumers out of a market with increasingly lower car stocks. Focus on fuel economy The U.S. auto industry had one of its worst years in 1982 when customers were beginning to feel the effects of the 1973 oil crisis and the energy crisis of 1979. Since light trucks would often be considered less fuel-efficient, cars accounted for about 77 percent of light vehicle sales back then. Thanks to improved fuel economy for light trucks and cheaper gas prices, this picture had completely changed in 2020. That year, prices for Brent oil dropped to just over 40 U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about 2.17 U.S. dollars per gallon in 2020 - and cars only accounted for less than one-fourth of light vehicle sales that year. Four years on, prices are dropping again, after being the highest on record since 1990 in 2022.

This shows the number of vehicles that were registered by Washington State Department of Licensing (DOL) each month. The data is separated by county for passenger vehicles and trucks. DOL integrates National Highway Traffic Safety Administration (NHTSA) data and the Environmental Protection Agency (EPA) fuel efficiency ratings with DOL titling and registration data to create this information.

In the fourth quarter of 2024, there were around 292.3 million vehicles operating on roads throughout the United States. Almost 39.2 million used vehicles changed owners in the U.S. between the fourth quarter of 2023 and the fourth quarter of 2024, while new registrations of vehicles came to about 15.8 million units during that period. Automotive market disparities The number of licensed drivers had been steadily increasing up to just under 237,700 in 2023, but the automotive market has been impacted by economic developments over the past few years. The U.S. vehicle fleet is aging, reflected by the slow increase in the average vehicle age from 11.7 years in 2018 to over 12 years in 2024. This is in part due to market disparities. The average selling price of new vehicles has been increasing to nearly 47,700 U.S. dollars in 2024, up from under 35,000 in 2016. Used car prices have been declining after the chip shortages linked to the COVID-19 pandemic, reaching around 28,400 U.S. dollars in 2024. The majority of U.S. car owners earned more than 40,000 U.S. dollars per years, with the 50,000 to 75,000 income group owning over 33 percent of the vehicles in use. The boom of the used vehicle market Close to three-quarter of new car buyers were born between 1946 and 1981, with Gen X being the leading consumers by age group for both the new and used vehicle market. Used light vehicle sales have been steadily increasing since 2010, representing well over double the size of the new light vehicle market in 2024. With a product range priced below new vehicle prices, used vehicles are gaining momentum in the United States. The average American household spends some 5,500 U.S. dollars on vehicle purchases annually, with consumers in income groups earning above 100,000 U.S. dollars per year spending above 7,200 dollars annually on car buying. Used vehicle financing options are naturally more affordable than new vehicle financing options, with an average monthly payment over 726 dollars for loan payments for new vehicles.

Germany Auto Industry: Vehicle Sales data was reported at 443,765.000 EUR mn in 2024. This records a decrease from the previous number of 457,659.000 EUR mn for 2023. Germany Auto Industry: Vehicle Sales data is updated yearly, averaging 283,065.000 EUR mn from Dec 2002 (Median) to 2024, with 23 observations. The data reached an all-time high of 457,659.000 EUR mn in 2023 and a record low of 140,566.000 EUR mn in 2002. Germany Auto Industry: Vehicle Sales data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.RA001: Auto Industry Statistics.

The data set contains registered vehicle population count by various criteria such as vehicle class, vehicle status, vechicle make, vehicle model, vehicle year, plate class, plate declaration, county, weight related class and other vehicle decriptors.

In 2024, the auto industry in the United States sold approximately 15.9 million light vehicle units. This figure includes retail sales of about three million passenger cars and just under 12.9 million light trucks. Lower fuel consumption There are many kinds of light vehicles available in the United States. Light-duty vehicles are popular for their utility and improved fuel economy, making them an ideal choice for savvy consumers. As of Model Year 2023, the light vehicle manufacturer with the best overall miles per gallon was Kia, with one gallon of gas allowing for 30.4 miles on the road. Higher brand satisfaction When asked about light vehicle satisfaction, consumers in the United States were most satisfied with Toyota, Subaru, Tesla, and Mercedes-Benz models. Another survey conducted in 2018 and quizzing respondents on their stance regarding the leading car brands indicated that Lexus was among the most dependable brands based on the number of problems reported per 100 vehicles.

The US Automotive Service & Repair Industry is Segmented by Vehicle Type (Passenger Cars and Commercial Vehicles), Service Type (Mechanical, Exterior and Structural, and Electrical and Electronics), and Equipment Type (Tires, Seats, Batteries, and Other Equipment Types). The report offers market size and forecasts for the United States Automotive Service Market in value (USD Billion) for all the above segments.

Autos include all passenger cars, including station wagons. The U.S. Bureau of Economic Analysis releases auto and truck sales data, which are used in the preparation of estimates of personal consumption expenditures.

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Automotive Service Market Size 2024-2028

The automotive service market size is forecast to increase by USD 401.4 billion at a CAGR of 8.09% between 2023 and 2028.

The market is experiencing significant growth due to several key factors. The increasing vehicle population continues to drive demand for automotive repair and maintenance services. Furthermore, the automotive industry is undergoing a digital transformation with the integration of advanced technologies such as Electronic Access Control Systems (EACS) and automotive powertrain testing. Additionally, the rise of electric cars and mobility-as-a-service models are disrupting traditional business models, presenting both opportunities and challenges. The uncertainty In the automotive industry, including regulatory changes and economic factors, also impacts the market dynamics. The automotive parts sector is a crucial component of the service market, as the demand for replacement parts remains strong despite the shift towards electric vehicles.
Overall, the market is poised for growth, with a focus on innovation, adaptability, and customer satisfaction.

What will be the Size of the Automotive Service Market During the Forecast Period?

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The market encompasses aftermarket services for various types of vehicles, including cars, heavy commercial vehicles, two wheelers, and specialized vehicles. This market is driven by the continuous sales of new and used automobiles, as well as the demand for replacement parts and maintenance services for aging cars. Consumer habits and lifestyles are shifting towards shared mobility solutions, such as ride-hailing services, taxis, and car-sharing platforms. 
Sustainability is also a growing concern, with an increasing focus on electric and hybrid vehicles, as well as the integration of connected car technologies and self-driving capabilities. The market is characterized by its size and diversity, with a wide range of players offering services related to vehicle components, repair and maintenance, software expertise, and online sales platforms.
Price sensitivity among customers remains a significant factor, as does the need for efficient repair times and profitability for service providers. The market is further influenced by the ongoing advancements in automotive technology, including sensors, internal combustion engines, and the integration of mobility fleet sharing.

How is this Automotive Service Industry segmented and which is the largest segment?

The automotive service industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Mechanical services
  Exterior and structural services
  Maintenance services


Vehicle Type

  Passenger cars
  Light commercial vehicles
  Two wheelers
  Heavy commercial vehicles


Geography

  North America

    US


  APAC

    China
    Japan


  Europe

    Germany
    UK


  South America



  Middle East and Africa

By Type Insights

The mechanical services segment is estimated to witness significant growth during the forecast period.

The market encompasses various mechanical offerings, including oil filter changes, wiper blade replacement, tire installation, and battery replacement. The need for enhanced performance and dependability in contemporary vehicles drives the demand for advanced automotive services. The sales of vehicles, particularly passenger cars and light commercial vehicles, significantly influence the adoption of automotive services. In emerging economies, the growing economic activities have led to a surge in demand for commercial vehicles, especially light-duty ones. Minivans and other light commercial vehicles are extensively utilized for business applications such as intercity transportation, fueling the expansion of the light-duty commercial vehicles market and the subsequent demand for automotive services.

Additionally, the shift towards sustainability, consumer habits, mobility fleet sharing, and lifestyle trends, including the rise of special utility vehicles and electric or hybrid vehicles, are transforming the automotive components landscape and the associated maintenance services. Exterior and structural repairs, franchise general repairs, tire stores, and maintenance services for internal combustion engines, exterior components, and replacement parts are essential offerings In the automotive services market. The market is further segmented into maintenance and repair services for passenger cars, light commercial vehicles, heavy commercial vehicles, two wheelers, and various vehicle components. The market's profitability is influenced by factors such as repair time, price sensitivity, and the integration of sensors, connected car technologies, and self

This dataset shows the Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs) that are currently registered through Washington State Department of Licensing (DOL).

The fields available include make, model, year, trim, style, fuel type, MSRP, and many more.

We have developed this file to be tied to our Consumer Demographics Database so additional demographics can be applied as needed. Each record is ranked by confidence and only the highest quality data is used. This file contains over 180 million records in addition to over 1 million+ fresh automotive intender records per day.

Note - all Consumer packages can include necessary PII (address, email, phone, DOB, etc.) for merging, linking, and activation of the data.

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Introduction

Automotive Cybersecurity Statistics: The automotive cybersecurity market is still new but growing fast. This growth is mainly driven by the rise of connected and self-driving cars and an increase in electronic control units (ECUS) found in electric vehicles. Many cybersecurity companies are teaming up with other key players in the auto industry to grow their global presence.

Also, cyberattacks on vehicles are becoming more common, causing big money losses for automakers (OEMS). Because of this, top car manufacturers are building their cybersecurity tools to add extra protection to their vehicles. As more connected cars are expected to hit the roads in the coming years, competition between well-known companies and new businesses in the auto cybersecurity space is likely to grow, with each trying to lead the market. We shall shed more light on Automotive Cybersecurity Statistics through this article.

Graph and download economic data for Expenditures: Vehicle Purchases: Cars and Trucks, Used by Region: Residence in the Midwest Census Region (CXUUSEDCARSLB1103M) from 1984 to 2023 about Midwest Census Region, used, purchase, trucks, vehicles, expenditures, residents, and USA.

The Japan used car market, valued at approximately ¥15 trillion (assuming a market size "XX" of 15,000 million USD based on current exchange rates and typical market sizing for mature economies) in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 6.28% from 2025 to 2033. This growth is fueled by several key drivers. Increasing vehicle ownership among younger demographics, coupled with a preference for more affordable used vehicles over new cars, especially in light of rising new car prices and economic fluctuations, significantly contributes to market expansion. The rise of online car buying platforms and the expansion of certified used car dealerships offering greater transparency and consumer confidence further accelerate market growth. Moreover, the increasing popularity of SUVs and MPVs is reshaping segmental dynamics, driving demand for these specific used vehicle types. However, potential restraints include fluctuations in the Japanese economy, government regulations impacting vehicle emissions and resale value, and the availability of pre-owned inventory due to chip shortages and supply chain disruptions that have influenced new car production in recent years. Segment analysis reveals a dynamic market structure. While online channels are rapidly gaining popularity, established dealerships maintain a significant share, particularly those offering certified pre-owned vehicles that command premium pricing. The transaction types are diversified, with a balance between full payments and financed purchases. Major players in the market, including PROTO Corporation, Mobilico, carsensor.net, and others, are actively adapting their strategies to cater to evolving consumer preferences, leveraging technological advancements to enhance the buying experience and expand their reach. This competitive landscape is driving innovation and further fueling market growth. The historical period (2019-2024) likely reflected a period of relatively stable growth, followed by acceleration in recent years as previously mentioned factors came into play. Japan Used Car Market: A Comprehensive Forecast & Analysis (2019-2033) This in-depth report provides a comprehensive analysis of the dynamic Japan used car market, projecting its growth trajectory from 2019 to 2033. With a focus on key segments and influential players, this report offers invaluable insights for investors, industry professionals, and anyone seeking a thorough understanding of this multi-billion dollar market. The study encompasses historical data (2019-2024), considers the base year (2025), and provides estimations and forecasts (2025-2033) for the market size in million units. Recent developments include: August 2022: Lexus, the Japanese luxury carmaker, announced a new initiative for the sale and purchase of used Lexus vehicles. The new Lexus Certified Program will allow the existing Lexus owners to sell their vehicles and new buyers to obtain pre-owned vehicles that have passed a rigorous inspection., January 2022: Carused.jp launched a new partner program. As authorized partners of the company, sellers will be certified local agents who will provide the service of importing cars to local customers under the Carused.jp brand.. Key drivers for this market are: The Growing Economy, Coupled with Rising Disposal Incomes and Urbanization, Fuels Demand for the Market. Potential restraints include: Various Regulatory Changes, Safety Standards, and Taxation Policies by the Government may Hamper the Market. Notable trends are: Growing Online Used Car Sales Aiding the Market.

Worldwide car sales grew to around 78 million automobiles in 2024, up from around 75.3 million units in 2023. Throughout 2020 and 2021, the sector experienced a downward trend on the back of a slowing global economy, while COVID-19 and the Russian war on Ukraine contributed to shortages in the automotive semiconductor industry and further supply chain disruptions in 2022. Despite these challenges, 2023 and 2024 sales surpassed pre-pandemic levels and are forecast to keep rising through 2025. Covid-19 hits car demand It had been estimated pre-pandemic that international car sales were on track to reach 80 million. While 2023 sales are still far away from that goal, this was the first year were car sales exceeded pre-pandemic values. The automotive market faced various challenges in 2023, including supply shortages, automotive layoffs, and strikes in North America. However, despite these hurdles, the North American market was among the fastest-growing regions in 2024, along with Eastern Europe and Asia, as auto sales in these regions increased year-on-year. Chinese market recovers After years of double-digit growth, China's economy began to lose steam in 2022, and recovery has been slow through 2023. China was the largest automobile market based on sales with around 25.8 million units in 2023. However, monthly car sales in China were in free-fall in April 2022 partly due to shortages, fears over a looming recession, and the country grappling with the COVID-19 pandemic. By June of that same year, monthly sales in China were closer to those recorded in 2021.

Crossovers are Americans’ favorite type of passenger vehicle. This category accounts for over 45 percent of automobile sales in the United States as of June 2022. The most popular models include Honda’s CR-V, Nissan’s Rogue, and Toyota’s RAV4. In the first quarter of 2022, U.S. auto buyers bought just under 101,200 units of Toyota’s RAV4 model, making it the best-selling vehicle in this category.

Toyota is the market leader  

The RAV4 was one of the very first specimens of its kind, as production of this model began in 1994. Toyota was the second most valuable automotive manufacturer worldwide in 2022, with a brand value of just over 33.1 billion dollars. It followed Tesla, which was first in the ranking with a gap of over 42 billion dollars compared to the runner-up. Toyota’s net revenue rose to 31.4 trillion Japanese yen in 2022 (around 257 billion U.S. dollars as of March 2022 exchange rates), a visible growth of over 15 percent compared to 2021, despite the manufacturer being impacted by the global automotive chip shortage.

 Crossovers benefit from the shift away from sedans   Crossover SUVs (sport utility vehicles) combine the fuel efficiency levels of compact and midsized cars and the higher seating positions of light trucks. They gained in popularity when fuel prices were low and, consequently, automakers increased production volumes and model additions of this vehicle type. Between 2014 and 2021, U.S. car sales fell from over 7.7 million to around 3.34 million units. Concurrently, light truck sales increased from 8.7 million units in 2014 to close to 11.6 million units in 2021. The impact of the COVID-19 pandemic on vehicle demand led to a 9.6 percent drop in light truck sales in 2020. This drop in vehicle sales impacted countries across the globe. In 2020, Germany recorded a loss of over 140,000 sales of SUVs compared to 2019, whereas China’s new SUV registrations remained stable between the two years.

Graph and download economic data for All Employees, Motor Vehicles and Parts (CES3133600101) from Jan 1990 to May 2025 about parts, establishment survey, vehicles, durable goods, goods, employment, and USA.

The Automotive Market Share size and share are expected to exceed USD 7,705.52 billion by 2034, with a compound annual growth rate (CAGR) of 6.8% during the forecast period.