The U.S. auto industry sold nearly ************* cars in 2024. That year, total car and light truck sales were approximately ************ in the United States. U.S. vehicle sales peaked in 2016 at roughly ************ 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 ** 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 ** U.S. dollars per barrel. The decline occurred in tandem with lower gasoline prices, which came to about **** 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 publication presents sales data (in dollars and units) of new vehicles by type (commercial vehicles, buses and coaches, and passenger cars), by origin of manufacture (North America, Canada, United States and Mexico, and Japan and other) and by province of sale. Average price of vehicles sold and market share data are available by the same breakdowns. Seasonally adjusted estimates are available at the national level for sales (in units and in dollars) by type of vehicle. Seasonally adjusted passenger car sales are also available by origin (North America and overseas). Total annual sales estimates, based on the raw monthly data, are also available. These data are available by the same breakdowns as are available for the unadjusted monthly series.

Imports of Automotive Vehicles in the United States increased to 38524 USD Million in February from 37559 USD Million in January of 2024. This dataset includes a chart with historical data for the United States Imports of Automotive Vehicles.

The New York Truck Voucher Incentive Program (NYTVIP), administered by the New York State Energy Research and Development Authority (NYSERDA), reduces the cost for truck, transit, and school bus fleets to purchase zero-emission vehicle technologies. NYTVIP provides vouchers - or discounts - to fleets across New York State that purchase or lease medium- and heavy-duty, zero-emission battery electric (BEV) or hydrogen fuel cell electric (FCEV) vehicles. Voucher amounts are determined by calculating the difference in cost between the zero-emission vehicle and a comparable diesel vehicle. A percentage of the difference (or “incremental cost”) is then used to determine an exact voucher amount, which is capped at a maximum dollar amount. Voucher incentive amounts may vary based on factors such as: vehicle type, weight class, and whether the vehicle operates in a Disadvantaged Community. All voucher amounts are subject to funding availability and applicable per-project caps. To date, NYTVIP funding has come from two sources: the Volkswagen Environmental Mitigation Trust (VW Settlement) and from the U.S. Department of Transportation, Congestion Mitigation and Air Quality (CMAQ) Improvement Program. The dataset includes application information from the New York Truck Voucher Incentive Program (NYTVIP) since 2019. NYSERDA’s mission is to advance clean energy innovation and investments to combat climate change, improving the health, resiliency, and prosperity of New Yorkers and delivering benefits equitably to all. To learn more about NYSERDA’s programs, visit nyserda.ny.gov or follow us on X, Facebook, YouTube, or Instagram.