In 2024, the ranking of the world’s largest car brands was topped by Toyota with a market share of around **** percent. The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer. New trends in the auto industry In light of growing environmental awareness and increasing efforts to connect vehicles, automotive manufacturers are faced with a variety of new challenges. Market trends such as the shift to lighter materials, as well as the trend towards electric and autonomous vehicles are set to revolutionize the industry. Palo Alto-based Tesla Motors is currently among those at the vanguard of the trend towards electrification, along with the Chinese car manufacturer BYD. Tesla delivered nearly **** million vehicles in 2024, meaning that Volkswagen Group's sales tally is over **** times as much. The state of the global auto industry Car sales worldwide have dipped between 2019 and 2020 as a result of the economic downturn generated by the COVID-19 pandemic. 2021 sales recovered, despite remaining below 2019 levels, but supply chain shortages led to a slow recovery of sales in 2022. By the end of 2023, the global car sales volume had grown over pre-pandemic levels. China was the largest automobile market based on new passenger car registrations, recording close to **** million units sold. It was followed by the United States and Europe. China was also the leading passenger car producing country in 2023.

Automotive Market Outlook

According to our latest research, the global automotive market size reached USD 3.1 trillion in 2024, with a compound annual growth rate (CAGR) of 4.2% projected through 2033. By the end of this forecast period, the market is expected to attain a value of USD 4.5 trillion. This robust growth is primarily driven by technological advancements, the rapid adoption of electric vehicles, and evolving consumer preferences towards sustainable mobility solutions.

One of the most significant growth factors in the automotive market is the accelerating shift towards electrification. The increasing concerns over environmental sustainability and stringent emission regulations imposed by governments worldwide have compelled automakers to invest heavily in electric vehicle (EV) development. The proliferation of battery technologies, coupled with declining battery costs, has made EVs more accessible to a broader consumer base. This transition is further bolstered by supportive government policies, such as tax incentives and subsidies for EV buyers, as well as the expansion of charging infrastructure. As a result, electric vehicles are not only reshaping product portfolios but are also influencing supply chains and manufacturing processes across the industry.

Another critical driver for the automotive market is the integration of advanced electronics and digital technologies. The rise of connected vehicles, autonomous driving features, and sophisticated infotainment systems has transformed the traditional automobile into a smart mobility platform. Consumers now demand enhanced safety features, real-time navigation, and seamless connectivity, prompting manufacturers to invest in research and development for next-generation automotive electronics. Furthermore, the emergence of artificial intelligence (AI), machine learning, and the Internet of Things (IoT) in vehicle systems is creating new revenue streams and business models, such as mobility-as-a-service (MaaS) and over-the-air (OTA) software updates.

In addition to electrification and digitization, the automotive market is experiencing growth due to the rising demand for personal mobility and the recovery of global supply chains post-pandemic. Urbanization and increasing disposable incomes in emerging economies have spurred the sales of passenger cars and two-wheelers. Meanwhile, the commercial vehicle segment is benefiting from the surge in e-commerce and logistics activities, necessitating efficient transportation solutions. The aftermarket segment is also gaining traction, driven by the growing vehicle parc and consumer inclination towards vehicle customization and maintenance.

Regionally, the Asia Pacific continues to dominate the global automotive market, accounting for the largest share in both production and sales. This dominance is attributed to the presence of major automotive manufacturing hubs in China, Japan, India, and South Korea, as well as a rapidly expanding middle-class population. North America and Europe remain key markets due to their technological leadership and high adoption rates of advanced automotive technologies. However, regions such as Latin America and the Middle East & Africa are emerging as lucrative markets, fueled by infrastructure development and favorable government initiatives aimed at boosting local automotive industries.

Vehicle Type Analysis

The vehicle type segment of the automotive market is highly diversified, encompassing passenger cars, commercial vehicles, electric vehicles, two-wheelers, and other specialized vehicles. Passenger cars continue to represent the largest share of the market, driven by increasing urbanization, rising disposable incomes, and evolving consumer preferences for personal mobility. The global demand for passenger cars is particularly strong in emerging economies, where a growing middle class is seeking affordable and reliable transportation options. Automakers are responding by introducing a

Total Vehicle Sales in the United States decreased to 15.30 Million in June from 15.70 Million in May of 2025. This dataset provides the latest reported value for - United States Total Vehicle Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Global car and automobile manufacturers have faced numerous challenges over the past decade, given major exogenous shocks, shifting consumer preferences and supply chain disruptions. In particular, significant technological improvements, particularly regarding hybrid and electric vehicles, internal combustion engine fuel efficiency, infotainment development and autonomous driving capabilities, coupled with rising per capita disposable income, have spurred global demand from the growing global middle class. Additionally, strong economic recoveries in most developed and emerging nations following the pandemic have spurred climbing motorization rates and vehicle registrations. Overall, revenue has climbed at an expected CAGR of 1.0% to $2.9 trillion through the current period, including a 2.5% jump in 2025. Profit will climb to 4.7% at the end of the current period as hybrid and electric models perform better and input costs wane. Aluminum and steel are significant inputs for most automakers. Most input manufacturers cut production amid the pandemic, leaving automakers with supply chain shortages and long lead times, especially as automotive demand rebounded following the pandemic. Semiconductors and other integral electronic component manufacturers also failed to meet automaker's demand, exacerbating supply chain issues. Despite these issues, manufacturers have successfully pushed costs onto consumers, expanding profit. Even so, flourishing demand has enabled most automakers to begin recoveries. Many companies have also expressed greater supply chain oversight following disruptions, leading to more nearshoring, vertical integration and strategic partnerships and alliances. Even so, labor strikes, union demands and lingering economic uncertainty have contributed to volatility. Revenue for automakers will swell at an expected CAGR of 2.2% to $3.2 trillion through the outlook period as the industry rides climbing global per capita income and continued growth in developing economies. Global manufacturers will continue to invest heavily in technology and innovation, making waves with new electric and autonomous driving technologies. Companies will also lean on government support regarding electric and hybrid vehicle technology. Even so, tariff policies may restrict many facets of trade, preventing automakers from purchasing some foreign inputs or seamlessly accessing certain export markets.

Worldwide car sales grew to around ** million automobiles in 2024, up from around **** 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 ** 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 **** 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.

U.S. motor vehicle production is projected to reach some **** million units by 2025. Following strong post financial crisis growth, the U.S. motor industry is expected to enter a phase of stagnation between 2020 and 2022. Sales outstrip production Even though motor vehicle sales in the United States are projected to slow down in the medium term, the U.S. is tipped to remain North America's largest vehicle sales market, and North American motor vehicle demand will likely continue to be greater than supply in 2020 with over ** million units to be sold in North America. U.S. light vehicle sales are expected to hover around **** million units in 2025. Global production trend Worldwide automobile production is declining as globalization wanes. China is the largest manufacturer and consumer of passenger cars in the world. Import tariffs on Chinese autos and parts into the United States or vice versa could have a knock-on effect in other regions. Uncertainty of Brexit as well as sluggish economic trends in Japan and China are also likely to lower global motor production.

The North America Automotive Industry is Segmented by Vehicle Type (Passenger Cars, Commercial Vehicles (Light Commercial Vehicles and Medium and Heavy Commercial Vehicles), and Two-wheelers) and Geography (United States, Canada, and the Rest of North America). The report offers market size and forecast in value (USD million) for the above segments.

In 2020, light vehicle sales worldwide declined by almost ** percent. By 2024, the market had increased well over pre-pandemic levels, despite supply chain issues, surges in automotive layoffs, and strikes in North America. In North America, around **** million light vehicles were sold in 2024. Light vehicle sales were to be around **** million units in the United States, North America's largest market, up from around **** million units one year earlier. Semiconductors Thrive Amidst the brewing tension brought forth due to the COVID-19 pandemic and global conflict, the semiconductor supply chain saw significant disruptions. Seemingly, one would expect that particular industry to have suffered greatly from such disruptions, but despite everything, global semiconductor industry revenue actually increased during 2020 and beyond, going from *** billion U.S. dollars in 2019 up to *** billion in 2022. In 2023, and even more so in 2024, the demand for semiconductors has surged, with companies like NVIDIA having nearly *** trillion U.S. dollars of market capitalization. Automotive Supply Global automotive suppliers, such as Bosch and Denso, suffered losses during the same period of instability in recent years, where the top 10 leading global automotive suppliers saw decreases in revenue from *** billion U.S. dollars in 2019 to *** billion dollars in 2020. These revenues bounced back in 2021 and beyond, reaching *** billion dollars in 2022. In particular, the earnings before interest and taxes (EBIT) margins of nearly every automotive supply segment have bounced back from the reported disruptions; this includes original equipment manufacturers, and software suppliers.

Germany Auto Industry: Number of Employees: Average data was reported at 465,277.000 Person in 2024. This records a decrease from the previous number of 465,777.000 Person for 2023. Germany Auto Industry: Number of Employees: Average data is updated yearly, averaging 433,599.000 Person from Dec 2002 (Median) to 2024, with 23 observations. The data reached an all-time high of 486,109.000 Person in 2018 and a record low of 392,118.000 Person in 2006. Germany Auto Industry: Number of Employees: Average 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.

Strong growth in developing economies, like the BRICS and ASEAN member nations, has driven revenue for global car dealers despite slowdowns in established economies, like North America and Europe. Developed economies focus largely on value-added car purchases, while emerging markets focus primarily on volume. The transition to SUVs and crossovers with more safety and entertainment features has driven growth; in particular, these models' surging adoption rates have created numerous growth opportunities in developing economies. Even so, climbing interest rates across most key markets and faltering global consumer sentiment have somewhat constrained post-pandemic growth. Overall, revenue has expanded at an expected CAGR of 0.7% to $4.4 trillion through the current period, including a 2.1% jump in 2024, where profit reached 2.3%. Supply chain disruptions made new cars significantly more expensive, increasing inventory costs. Similarly, semiconductor and electronic component shortages reduced supply, leaving dealers with limited inventories. Even so, dealers were largely able to leverage torrid demand and pass added costs onto buyers, creating opportunities for revenue and profit growth. Volatile oil supply chains amid the Russia-Ukraine conflict also contributed to swelling demand for more fuel-efficient vehicles. Companies have also integrated online services to make the car-buying process simpler and more accessible, enabling them to combat heightened competition and access a wider network of buyers. The penetration of online platforms has transformed the car sales landscape, favoring larger dealership franchises over independent companies. Car dealers will continue to contend with substitutes, even as economic conditions improve and consumer sentiment rebounds through the outlook period. Government incentives and upstream innovations will also spur demand for electric and hybrid vehicles, generating strong per-unit revenue from dealers. Even so, slowing EV adoption rates in North America may dampen this segment's growth potential. Consumer preferences will also continue to trend toward online vehicle shopping, which provides convenience and efficiency to busy consumers, creating greater competition with various online dealers. Overall, revenue will climb at an expected CAGR of 2.5% to $4.9 trillion through the outlook period, where profit will reach 2.3%.

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US Used Car Market Size 2025-2029

The us used car market size is forecast to increase by USD 40.2 billion at a CAGR of 4.3% between 2024 and 2029.

The used car market in the US exhibits robust growth, driven by the excellent value proposition that pre-owned vehicles offer to consumers. This market trend is further bolstered by the increasing penetration of online platforms dedicated to selling used cars, providing greater convenience and accessibility for buyers. However, the market faces regulatory challenges as stricter emission regulations limit the sale of non-compliant used cars, necessitating investments in upgrading inventory and adhering to regulatory frameworks. These hurdles, while significant, can be navigated through strategic partnerships with emission testing centers and ongoing investment in fleet modernization. Companies that effectively address these challenges and leverage the opportunities presented by the growing demand for used cars and the digital shift in sales channels will thrive in this dynamic market.

What will be the size of the US Used Car Market during the forecast period?

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In the dynamic used car market, consumers face various challenges such as car scams and fraudulent activities. To mitigate risks, car buyers turn to comprehensive car buying guides and car detailing services. A VIN number check is essential for vehicle identification and history assessment, while emissions testing ensures environmental compliance. Car sharing and subscription services offer flexible mobility solutions. Vehicle registration and title transfer processes can be streamlined through digital means, and car refurbishment and connected car technology enhance safety and convenience. Blind spot monitoring and adaptive cruise control are popular safety features, while collision avoidance systems and lane departure warning systems provide added protection. Used car logistics and online financing applications simplify the purchasing process, and extended warranties offer peace of mind. Wireless charging, smartphone integration, and vehicle diagnostics are essential features for modern cars. Sustainable mobility and car comparison tools cater to eco-conscious consumers, while car maintenance schedules and roadside assistance ensure long-term vehicle care. Remote vehicle inspection and car care tips help maintain a car's resale value, and car subscription services offer flexible ownership alternatives. Used car fraud prevention and vehicle identification technologies protect buyers from potential risks. Car safety ratings and vehicle identification numbers are crucial tools for informed decision-making.

How is this market segmented?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. Distribution Channel3P channel salesOEM channel salesProductMid sizeFull sizeCompact sizeVendor TypeOrganizedUnorganizedFuel TypeDieselPetrolGeographyNorth AmericaUS

By Distribution Channel Insights

The 3p channel sales segment is estimated to witness significant growth during the forecast period.

The used car market in the US is a dynamic and significant sector, with numerous entities shaping its activity. Used car buyers continuously seek value, leading to a high demand for pre-owned vehicles. Search engine optimization and online advertising play crucial roles in connecting buyers with sellers, whether they're private parties or car dealerships. Wholesale car lots and auctions provide inventory for dealerships, ensuring a steady supply of used cars. Fleet vehicles, often traded in for newer models, contribute to the used car inventory. Maintenance records and vehicle history reports are essential for buyers, influencing their purchasing decisions. Safety features, infotainment systems, and driver assistance are increasingly desired in used cars, especially among budget-conscious consumers and luxury car buyers. Electric and hybrid vehicles are gaining popularity, driving the demand for used models in these categories. Car negotiation, fuel economy, and vehicle valuation are essential factors in used car selling. Digital marketing, including social media, mobile apps, and data analytics, helps sellers reach a wider audience. Certified pre-owned vehicles, reconditioned cars, and consignment sales offer buyers additional options and peace of mind. Car financing, vehicle inspections, and warranties are essential components of the used car buying process. Autonomous driving technology and car pricing trends continue to evolve, impacting the used car market. As the average ownership cycle shortens, the market will see an increase in the availability of used cars, making it an exciting and ever-changing landscape for both buyers and sellers.

D

The GCC used car market, currently experiencing robust growth, presents a lucrative opportunity for investors and businesses. A Compound Annual Growth Rate (CAGR) of 8.58% from 2019 to 2024 suggests a consistently expanding market. This growth is fueled by several factors: increasing affordability compared to new cars, a rising young population entering the driving age, and the prevalence of online platforms facilitating easier transactions. The segmentation reveals a diverse landscape, with SUVs and MUVs likely holding significant market share due to family-oriented preferences in the region. Online sales channels are experiencing rapid expansion, mirroring global trends, alongside continued strength in the traditional offline market. While the exact market size for 2025 isn't provided, extrapolating from the 8.58% CAGR and assuming a reasonable 2024 market size (a figure readily available through market research databases), we can project a substantial value for 2025. The competitive landscape includes both established players like Abdul Latif Jameel Motors and Al-Futtaim Group, alongside online marketplaces such as Yalla Motors and Dubizzle, indicating a mix of traditional and innovative business models thriving in the market. Growth may be constrained by economic fluctuations and government regulations impacting vehicle imports and sales. However, the long-term outlook remains positive, supported by continuous infrastructural development and economic diversification initiatives across the GCC. The significant presence of international and regional players indicates a mature market with established distribution networks. The organized sector likely commands a greater share than the unorganized sector, reflecting a growing preference for verified vehicles and warranties. However, the unorganized sector continues to play a role, particularly in catering to price-sensitive buyers. Future market trajectory will depend on factors such as fuel prices, economic growth in the GCC, and the emergence of new technologies like electric vehicles impacting the used car market. Further research into specific vehicle types, regional variations within the GCC, and the evolving preferences of consumers will be crucial for optimizing market entry strategies and maximizing profitability. Analyzing data on average vehicle age, average transaction prices, and the penetration of online sales channels will provide a more comprehensive understanding of the market's dynamics and future potential. Key drivers for this market are: The Increasing Demand for Luxury Cars is Anticipated to Boost the Market. Potential restraints include: Comparatively Limited Market Transparency May Hinder the Market. Notable trends are: Hatchback Segment is Expected to Gain Traction.

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Connected Car Market Size 2024-2028

The connected car market size is forecast to increase by USD 341.72 billion at a CAGR of 36.5% between 2023 and 2028.

The market is experiencing significant growth, driven by the increasing penetration of the internet and the subsequent integration of connected technologies into automobiles. This trend is evident in the rising number of vehicle launches equipped with advanced features such as real-time traffic updates, remote diagnostics, and over-the-air software updates. However, the market is not without challenges. Design complexity and technological advancements pose significant hurdles for manufacturers, requiring substantial investments in research and development.
To capitalize on this market opportunity, companies must navigate these challenges effectively by collaborating with technology partners, investing in robust cybersecurity measures, and prioritizing user experience. By doing so, they can differentiate themselves in a competitive landscape and meet the evolving demands of tech-savvy consumers.

What will be the Size of the Connected Car Market during the forecast period?

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The market is experiencing significant growth as car manufacturers and technology companies integrate advanced features to enhance the driving experience. autonomous cars are at the forefront of this trend, with connectivity solutions becoming increasingly essential for optimal performance. Vehicle downtime is minimized through real-time communication between vehicles and online platforms, enabling seamless network technology integration. Service providers play a vital role in this ecosystem, offering solutions for vehicle infotainment and safety features such as lane-keep assist and blind spot detection.
The aftermarket also benefits from this evolution, with car manufacturers partnering with technology companies to develop innovative solutions. V2V communication is another emerging trend, enabling vehicles to communicate with each other for improved safety and performance. Overall, the market is transforming the automotive industry, with technology companies and service providers playing pivotal roles in shaping its future.

How is this Connected Car Industry segmented?

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

Connectivity

  4G/LTE
  5G
  Satellite
  Wi-Fi


End-user

  OEM
  Aftermarket


Application

  Telematics
  Infotainment
  Driver Assistance
  Mobility Management


Vehicle Types

  Passenger Cars
  Commercial Vehicles
  Electric Vehicles


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    Italy
    Spain
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Connectivity Insights

The embedded solutions segment is estimated to witness significant growth during the forecast period.

In the evolving automotive industry, telematics and connected car technologies have become integral components of in-vehicle infotainment systems. These systems offer entertainment, navigation, communication, security, and Internet-based services to consumers. OEMs collaborate with technology companies to integrate these features, with Apple CarPlay available through aftermarket infotainment offerings. Hyundai Blue Link and GM's MyLink and IntelliLink systems support third-party applications. Moreover, safety features such as collision warning, lane assistance, blind spot detection, and advanced diagnostics are increasingly being incorporated into these systems. Fleet management and vehicle production companies leverage telematics for real-time communication, predictive technology, and maintenance cost reduction.

Legislative policies mandate the integration of safety features like collision warning and lane assistance. Autonomous cars and ADAS (Advanced Driver Assistance Systems) are expected to further revolutionize the automotive industry. The transition phase towards these technologies necessitates the adoption of advanced processors, sensors, and network technology. Connected car services like connected car, GPS tracking, and maintenance schedule management are becoming essential for consumers. With the increasing popularity of autonomous vehicles, the aftermarket for connected car services is expected to grow significantly. The 5G Automotive Association is working on increasing data transfer speed for connected cars, ensuring seamless integration of these technologies.

The role of predictive technology and Internet service providers in providing advanced connected car services cannot be overlooked. Smartphones and sensors pl

Germany Auto Industry: Vehicle Sales: Domestic excl Tax data was reported at 109,915.000 EUR mn in 2024. This records a decrease from the previous number of 112,629.000 EUR mn for 2023. Germany Auto Industry: Vehicle Sales: Domestic excl Tax data is updated yearly, averaging 83,134.000 EUR mn from Dec 2002 (Median) to 2024, with 23 observations. The data reached an all-time high of 112,629.000 EUR mn in 2023 and a record low of 44,001.000 EUR mn in 2002. Germany Auto Industry: Vehicle Sales: Domestic excl Tax 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 Automotive Data Monetization Market Report is Segmented by Geography (North America, Europe, Asia-pacific, And the Rest of the World). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Total Vehicle Sales in China decreased to 2686 Units in May from 2590000 Units in April of 2025. This dataset provides - China Total Vehicle Sales- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Brazil Automobile Industry: Share in Industrial GDP data was reported at 18.700 % in 2012. This records a decrease from the previous number of 18.900 % for 2011. Brazil Automobile Industry: Share in Industrial GDP data is updated yearly, averaging 14.600 % from Dec 1966 (Median) to 2012, with 47 observations. The data reached an all-time high of 20.600 % in 1975 and a record low of 10.600 % in 1990. Brazil Automobile Industry: Share in Industrial GDP data remains active status in CEIC and is reported by National Association of Automobile Manufacturers. The data is categorized under Brazil Premium Database’s Automobile Sector – Table BR.RAI001: Automobile Industry. The annual data brings together statistical information of the Brazilian automobile industry on motor vehicles and agricultural machinery

The North American automotive industry, valued at $0.99 million in 2025 (assuming this figure represents a segment of the overall market, not the total), is projected to experience robust growth, driven by several key factors. A Compound Annual Growth Rate (CAGR) of 5.43% from 2025 to 2033 suggests a significant expansion in market size over the forecast period. This growth is fueled by increasing consumer spending on vehicles, particularly in passenger cars and light commercial vehicles, spurred by economic recovery and favorable financing options. The rising adoption of electric and hybrid vehicles, coupled with advancements in autonomous driving technology, represents a significant trend shaping the industry's trajectory. However, challenges remain, including supply chain disruptions which continue to impact production and pricing, rising raw material costs, and evolving consumer preferences that demand greater fuel efficiency and sustainable manufacturing practices. The market segmentation reveals significant variation in growth across vehicle types, with passenger cars and light commercial vehicles potentially outpacing growth in heavier commercial vehicles and two-wheelers due to differing economic sensitivities and technological advancements. Geographic distribution also plays a significant role, with the United States likely dominating the market share given its larger economy and vehicle ownership trends compared to Canada and the rest of North America. Major players like Fiat Chrysler Automobiles, General Motors, Ford, Toyota, and Tesla are strategically positioning themselves to capitalize on these emerging trends, investing heavily in electric vehicle (EV) development, innovative technologies, and sustainable manufacturing. The competitive landscape is fierce, with ongoing mergers, acquisitions, and strategic partnerships shaping the industry's structure. The forecast period will likely witness a consolidation of market share amongst the larger players, potentially leading to some smaller manufacturers exiting the market or being acquired. Furthermore, government regulations promoting clean energy and reducing emissions will significantly impact the industry's product offerings and manufacturing processes in the coming years. The consistent growth projected indicates a positive outlook, but the industry must adapt proactively to the challenges to maintain its momentum. This comprehensive report provides a detailed analysis of the North America automotive industry, encompassing the historical period (2019-2024), base year (2025), and forecast period (2025-2033). The study covers passenger cars, light commercial vehicles (LCVs), medium and heavy commercial vehicles (M&HCVs), and two-wheelers across the United States, Canada, and the Rest of North America. With a focus on market size (in million units), key players, and emerging trends, this report is an essential resource for businesses, investors, and policymakers seeking to understand this dynamic sector. Search terms used include: North America automotive market, automotive industry trends, electric vehicle market, commercial vehicle sales, passenger car sales, US automotive industry, Canadian automotive market. Recent developments include: July 2022: Cadillac unveiled the Celestiq show car, a vision of innovation that previews the brand's future handcrafted and all-electric flagship sedan. The Ultium-based electric show car previews some of the materials, innovative technologies, and hand-crafted attention to detail harnessed to express Cadillac's vision for the future., July 2022: Amazon began deploying its custom electric delivery vehicles from Rivian for package delivery, with the electric vehicles hitting the road in Baltimore, Chicago, Dallas, Kansas City, Nashville, Phoenix, San Diego, Seattle, and St. Louis, among other cities., January 2022: Tesla Inc. had a supply agreement with Talon Metals Corp., a subsidiary of Talon Nickel LLC, for the supply of nickel. This agreement will lead to the production of battery material from mine to battery cathode in order to make the electric vehicle battery more eco-friendly.. Key drivers for this market are: Growing Travel and Tourism Industry is Driving the Car Rental Market. Potential restraints include: Increasing Popularity of Ride-Sharing Services Pose Challenges for the Conventional Car Rental Market. Notable trends are: Rising Electric Mobility to Drive Demand in the Market.

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

In 2023, the Toyota Land Cruiser had a sales growth rate of about negative 27 percent. The Land Rover Defender saw a 137.4 percent growth in its new vehicle sales in Qatar in that year.