Key Market Indicators
The number of registered vehicles in the United States is projected to decline from approximately 16.8 million units in 2023 to around 16.3 million units by 2028. This represents an average annual decrease of 0.5%. Since 2010, the American vehicle market has seen a consistent annual decline of about 1%. Similarly, vehicle production in the U.S. is expected to fall from roughly 10.8 million units in 2023 to about 10.4 million units by 2028. This also reflects an average annual decrease of 0.5%. The American automotive supply has been experiencing an average yearly reduction of 1% since 2002.
