The North America Automotive Market Report is Segmented by Vehicle Type (Passenger Cars, Light Commercial Vehicles, and More), Propulsion Type (ICE, and More), Sales Channel (OEM-Franchised Dealer, and More), Level of Automation (Level 0–1, Level 2, Level 3, and Level 4–5), and Country (United States, Canada, Rest of North America). The Market Forecasts are Provided in Terms of Value (USD) and Volume in Units.

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.

Key information about United States Motor Vehicle Production

• United States Motor Vehicle Production was reported at 10,562,188.000 Unit in Dec 2024.
• This records a decrease from the previous number of 10,639,140.000 Unit for Dec 2023.
• US Motor Vehicle Production data is updated yearly, averaging 7,762,544.000 Unit from Dec 1997 to 2024, with 28 observations.
• The data reached an all-time high of 13,024,978.000 Unit in 1999 and a record low of 5,731,397.000 Unit in 2009.
• US Motor Vehicle Production 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.MVP: Motor Vehicle Production: by Country.

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.

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.

Total Vehicle Sales in the United States decreased to 15.30 Million in October from 16.40 Million in September 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.

At around **** percent, General Motors held the largest share of the auto market in the United States in 2024. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another slight drop in market share of the American automaker. Asian manufacturers dominate non-domestic competition Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2024. Both Toyota and Lexus were among the ten brands with the highest consumer satisfaction in the United States that same year. How many brands do auto manufacturers own? General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.

Graph and download economic data for Domestic Auto Production (DAUPSA) from Jan 1993 to Aug 2025 about vehicles, domestic, new, production, and USA.

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.

View monthly updates and historical trends for US Total Vehicle Sales. from United States. Source: Bureau of Economic Analysis. Track economic data with Y…

Key information about United States Motor Vehicle Sales: Passenger Cars

• United States Motor Vehicle Sales: Passenger Cars was reported at 2,984,039.000 Unit in Dec 2024.
• This records a decrease from the previous number of 3,116,647.000 Unit for Dec 2023.
• US Motor Vehicle Sales: Passenger Cars data is updated yearly, averaging 7,689,110.000 Unit from Dec 2005 to 2024, with 20 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).

This driver tracks the number of new vehicles, including cars and light trucks, purchased in the United States in a given year. Data is sourced from the US Bureau of Economic Analysis and is forecast using data from the US Energy Information Administration (EIA).

US Automotive Industry Market is set for strong growth through 2030, driven by rising EV adoption, tech integration (AI, IIoT), MaaS expansion & supportive government policies.

The U.S. Automotive Market size was estimated at USD 858.07 Million in 2024 and is projected to grow at a CAGR of 6.6% from 2025 to 2034.

The United States Automotive Logistics Market is segmented by service (transportation, warehousing, distribution, and inventory management, and other services) and type (finished vehicle, auto components, and other types). The market size and forecasts for The United States Automotive Logistics Market are provided in terms of value (USD Billion) for all 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.

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

Automobile engine and parts manufacturers produce gasoline and diesel-powered engines and parts. The industry primarily consists of vertically integrated automobile manufacturers and large companies providing engines that fill supplementary contracts for automakers and aftermarkets. Manufacturers are highly globalized, benefiting from international supply chains and global demand. Even so, volatile economic conditions, skyrocketing input costs, worker strikes and massive pressure from both foreign manufacturing powers and electric vehicles have slammed revenue and profit growth. However, falling rates, rebounding economic conditions and easing supply chains have created positive tailwinds, though the threat and implementation of tariffs have sent the industry into contraction in 2025. Overall, revenue for automobile engine and parts manufacturers has expanded at an expected CAGR of 0.3% to $40.3 billion through the current period, despite an estimated 4.7% decline in 2025, where profit reached 4.6%. Increased environmental consciousness and high fuel prices have pushed consumers to reevaluate owning gasoline-powered cars. The federal government has also provided subsidies to electric vehicle producers and consumers purchasing EVs to facilitate the shift from fossil fuels. Gasoline-powered engine and parts manufacturers have prioritized more efficient engines to combat EV production and meet efficiency standards. Many companies have also automated to cut costs as substitute products squeeze revenue and profit opportunities. On the other hand, higher steel and aluminum prices pressured purchasing costs, though most manufacturers successfully leveraged globalized supply chains or vertical integration to remain profitable. The economy's recovery will also rejuvenate demand; consumers will have more disposable income to purchase new vehicles, get repairs and take road trips. Even so, external competitors, namely electric vehicles and improved public transportation infrastructure, will remain major threats to sustained revenue growth. Regardless, intermediate emissions goals will support the development of innovative combustion engines and hybrid solutions, creating additional demand for leading innovators. Overall, revenue will climb at an estimated CAGR of 1.8% to $44.1 billion through the outlook period, with profit settling at 5.0%.

Graph and download economic data for Unit Labor Costs for Manufacturing: Automobile Manufacturing (NAICS 336111) in the United States (IPUEN336111U100000000) from 1987 to 2021 about unit labor cost, NAICS, IP, vehicles, manufacturing, and USA.

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US Automotive Service Market Size 2025-2029

The US automotive service market size is forecast to increase by USD 81 billion, at a CAGR of 9% between 2024 and 2029.

The automotive service market is experiencing significant growth due to several key factors. The increasing vehicle population, driven by factors such as rising disposable income and urbanization, is leading to a higher demand for automotive services. Additionally, the trend toward vehicle digitization and electric vehicles is creating new opportunities for service providers, as vehicles become more complex and require specialized expertise. 
However, the automotive aftermarket and automotive industry faces uncertainty due to factors such as changing consumer preferences, regulatory pressures, and technological disruptions. Service providers must adapt to these trends and challenges to remain competitive and meet the evolving needs of their customers.

What will be the Size of the market During the Forecast Period?

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The aftermarket automotive services industry encompasses the repair, maintenance, and modification of domestic passenger vehicles and special utility vehicles, including taxis, after the original manufacturer's warranty expires. Market dynamics are influenced by various factors, such as government rules governing emissions and safety standards, the proliferation of connected vehicles, and the rise of electric vehicles. The aging car population necessitates an increasing demand for replacement parts, including batteries, air filters, cabin filters, oil filters, wiper blades, and collision body parts.
Industry growth is fueled by annual maintenance costs, the adoption of shared mobility services, and the shift toward online sales platforms. Software expertise plays a crucial role in servicing software vehicle systems, from accessories to starters and alternators. Furthermore, mobility fleet sharing and the integration of shared vehicles into the market add complexity to the aftermarket services landscape.

How is this market segmented and which is the largest segment?

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.

Type

  Mechanical services
  Exterior and structural services
  Maintenance services


Vehicle Type

  Passenger cars
  Light commercial vehicles
  Two wheelers
  Heavy commercial vehicles


Propulsion

  Internal combustion engine
  Electric


Geography

  US

By Type Insights

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

The market witnessed substantial expansion In the mechanical services segment in 2023, fueled by the rebound in domestic passenger vehicle sales. This recovery, following the pandemic, marked a record-breaking year for the automotive industry, with sales surpassing pre-pandemic levels. The increase in vehicles on the road heightened the demand for maintenance and repair services, primarily for passenger cars, which constituted over 70% of total global sales. Key factors contributing to this growth include the resurgence in demand for new passenger cars, the rise of electric and connected vehicles, and the emergence of mobility fleet sharing services. The market encompasses various service types, including mechanical, exterior and structural, franchise general repairs, local garage services, tire stores, repair chains, and collision services. The commercial vehicle sector, including light, medium, and heavy commercial vehicles, as well as two wheelers, also presents significant opportunities for growth.

Further, the industry's growth trajectory is influenced by factors such as urbanization, population boom, mergers & acquisitions, facility expansion, and the adoption of new technologies. The market caters to a diverse range of vehicle types and propulsion systems, including internal combustion engines, electric, hybrid, and aging cars. The market offers various aftermarket solutions, such as replacement parts, batteries, air filters, cabin filters, oil filters, wiper blades, collision body parts, starters, alternators, and accessories. The market's future growth is expected to be driven by factors such as increasing annual maintenance costs, the emergence of shared vehicles, and the adoption of predictive maintenance, subscription-based maintenance programs, and software vehicle systems.

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Market Dynamics

Our US Automotive Service Market researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key mark