Some 283.4 million vehicles were registered in the United States in 2022. The figures include passenger cars, motorcycles, trucks, buses, and other vehicles. The number of light trucks sold in the U.S. stood at 10.9 million units in 2022. U.S. vehicle registrations The United States is one of the world’s largest automobile markets based on the number of new light vehicle registrations, with more than 13.8 million new light vehicle registrations in 2021. However, domestic production of automobiles fell to around 1.6 million units in 2021 and has struggled to increase in 2022. At the same time, the United States imports a significant number of vehicles from various countries, such as Japan, Mexico, and Canada. Leading car manufacturers in the United States The leading car manufacturers overall in the United States include the domestic heavyweights General Motors and Ford. With respect to car brands, the Ford brand clocked in at number one in 2022, selling around 1.8 million vehicles in the United States alone. The brand's holding company is the Ford Motor Company; it was founded by Henry Ford in 1903 in Dearborn, Michigan. The company pioneered in large-scale car manufacturing and introduced production methods such as the assembly line.

In the fourth quarter of 2024, there were around ***** million vehicles operating on roads throughout the United States. Almost **** 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 **** million units during that period. Automotive market disparities The number of licensed drivers had been steadily increasing up to just under ******* 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 **** years in 2018 to over ** years in 2024. This is in part due to market disparities. The average selling price of new vehicles has been increasing to nearly ****** U.S. dollars in 2024, up from under ****** in 2016. Used car prices have been declining after the chip shortages linked to the COVID-19 pandemic, reaching around ****** U.S. dollars in 2024. The majority of U.S. car owners earned more than ****** U.S. dollars per years, with the ****** to ****** income group owning over ** percent of the vehicles in use. The boom of the used vehicle market Close to ************* 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 ***** U.S. dollars on vehicle purchases annually, with consumers in income groups earning above 100,000 U.S. dollars per year spending above ***** dollars annually on car buying. Used vehicle financing options are naturally more affordable than new vehicle financing options, with an average monthly payment over *** dollars for loan payments for new vehicles.

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.

Key information about US Registered Motor Vehicles

• US Registered Motor Vehicles was reported at 289,037.000 Unit th in Dec 2020.
• This records an increase from the previous number of 264,194.366 Unit th for Dec 2015.
• US Registered Motor Vehicles data is updated yearly, averaging 249,392.500 Unit th from Dec 2005 to 2020, with 12 observations.
• The data reached an all-time high of 289,037.000 Unit th in 2020 and a record low of 237,697.000 Unit th in 2005.
• US Registered Motor Vehicles data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers. The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.VIU: Vehicle In Use: by Country (Discontinued).

United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data was reported at 482.821 Unit th in Jun 2018. This records a decrease from the previous number of 511.215 Unit th for May 2018. United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data is updated monthly, averaging 697.250 Unit th from Jan 1976 (Median) to Jun 2018, with 510 observations. The data reached an all-time high of 1,213.100 Unit th in Sep 1986 and a record low of 312.800 Unit th in Jan 2009. United States Motor Vehicle Sales: Quantity: Light Vehicle: Autos data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.H017: Motor Vehicles Sale: Bureau of Economic Analysis.

Some *** percent of U.S. households had **** or more vehicles in 2017. The percentage of households without a vehicle came to just under **** percent in 2017, meaning that a little over ** percent of households had at least *** light vehicle at their disposal in that same year.

Graph and download economic data for Consumer Price Index for All Urban Consumers: New Vehicles in U.S. City Average (CUUR0000SETA01) from Mar 1947 to May 2025 about vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

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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

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 2022, California was the federal state with the highest number of motor vehicle registrations in the United States. More than **** million motor vehicles were registered in the nation’s most populous state. Overall, the United States recorded over ***** million vehicle registrations. Vehicle classes Automobiles and trucks are the leading categories in terms of motor vehicle sales in the United States, accounting for roughly ** percent of all registrations. Motorcycles and buses comprise the remaining categories, with buses accounting for a miniscule **** percent of registrations. In terms of sales, light trucks were the most popular category in 2023 with retail sales of nearly **** million units. Leading state California recorded around **** million registrations of automobiles and trucks, having a resident population of just under ** million people. California is the largest market for car registration. The state is known for progressive state legislation that promotes the manufacturing and sale of electric vehicles.

Graph and download economic data for Automobile Registrations, Passenger Cars, Total for United States (A01108USA258NNBR) from 1895 to 1944 about car registrations, vehicles, and USA.

Key information about United States Motor Vehicle Sales: Passenger Cars

• United States Motor Vehicle Sales: Passenger Cars was reported at 3,116,647.000 Unit in Dec 2023.
• This records an increase from the previous number of 2,858,575.000 Unit for Dec 2022.
• US Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 6,089,403.000 Unit from Dec 2005 to 2023, with 19 observations.
• The data reached an all-time high of 7,761,592.000 Unit in 2006 and a record low of 2,858,575.000 Unit in 2022.
• US Motor Vehicle Sales: Passenger Cars data remains active status in CEIC and is reported by International Organization of Motor Vehicle Manufacturers.
• The data is categorized under World Trend Plus’s Association: Automobile Sector – Table RA.OICA.MVS: Motor Vehicle Sales: by Country and Type: Passenger Car (PC).

Graph and download economic data for Consumer Price Index for All Urban Consumers: New and Used Motor Vehicles in U.S. City Average (CUSR0000SETA) from Jan 1993 to May 2025 about used, vehicles, urban, new, consumer, CPI, inflation, price index, indexes, price, and USA.

Graph and download economic data for Consumer Unit Characteristics: Number of Vehicles by Generation: Birth Year from 1981 to 1996 (CXUVEHICLESLB1608M) from 2019 to 2023 about consumer unit, birth, vehicles, and USA.

United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data was reported at 36,883.987 Unit th in 2010. This records an increase from the previous number of 35,491.762 Unit th for 2009. United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data is updated yearly, averaging 40,841.228 Unit th from Dec 1990 (Median) to 2010, with 21 observations. The data reached an all-time high of 44,138.263 Unit th in 2005 and a record low of 35,491.762 Unit th in 2009. United States Motor Vehicle Sales & Leases: Used Vehicle: Sales data remains active status in CEIC and is reported by Bureau of Transportation Statistics. The data is categorized under Global Database’s USA – Table US.RA005: Motor Vehicle Sales & Leases: Quantity.

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 Vehicle Inventory and Use Survey (VIUS) is conducted in partnership with the Bureau of Transportation Statistics, Federal Highway Administration, and the U.S. Department of Energy to better understand the characteristics and use of trucks on our nation's roads. The survey universe for the VIUS includes all private and commercial trucks registered (or licensed) in the United States. This includes: pickups; minivans, other light vans, and sport utility vehicles; other light single-unit trucks (GVW = 26,000 lbs.); and truck tractors. The VIUS sample excludes vehicles owned by federal, state, and local governments; ambulances; buses; motor homes; farm tractors; unpowered trailer units; and trucks reported to have been disposed of prior to January 1 of the survey year. VIUS provides data on the physical and operational characteristics of the nation's truck population. Its primary goal is to produce estimates of the total number of trucks and truck miles. This dataset provides national and state-level summary statistics for in-scope vehicles, excluding pickups, SUVs, minivans, and other light vans, that were in use.

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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

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.