Key Market Indicators
American vehicle registration is projected to decline to approximately 16.3 million units by 2028, down from around 16.8 million units in 2023. This represents a year-on-year decline of 0.5% in compound annual growth rate (CAGR). The U.S. market has experienced a steady decrease of 1% annually since 2010. Similarly, American vehicle production is expected to drop to about 10.4 million units by 2028 from roughly 10.8 million units in 2023. This also reflects an average annual decrease of 0.5%. Since 2002, the American auto supply has been decreasing at a rate of 1% per year.
United States Automotive Innovation Articles
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BMW’s Strategic Gamble in a Shifting US Automotive Landscape
Mar 9th 2025
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Toyota Accelerates Towards Green Manufacturing in North America
Nov 20th 2024
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Solid-State Revolution: How Stellantis and Factorial’s Partnership Is Charging the Future of Electric Vehicles
Nov 19th 2024
United States Automotive Consumer Trends Articles
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Driving into Uncertainty: The Ripple Effect of Trump’s Auto Tariffs on Consumers and the Global Car Market
Apr 13th 2025
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Revving Up Retail: Amazon and Hyundai Shift Car Buying Online
Dec 27th 2024
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Toyota Hits the Brakes on US Electric Vehicle Production
Oct 15th 2024
United States Automotive Regulation Articles
More about Automotive RegulationUnited States Automotive Key Players Articles
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Ford’s Electric Leap: Charging Ahead in the EV Race
Feb 1st 2025
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Hyundai’s Bold Moves in the U.S. Amid Tariff Threats: A Strategic Expansion
Feb 1st 2025
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Is the DOE’s $8.8 Billion Bet on EVs a Game Changer?
Jan 31st 2025
Latest reports
US Automotive Market Report- Q1 2025
The US automotive market in Q1 2025 is characterized by significant shifts towards electrification, with electric vehicles (EVs) gaining substantial market share. This...
US Automotive Market Report- Q4 2024
The fourth quarter of 2024 witnessed pivotal shifts and developments in the US automotive market, marked by technological advancements, strategic partnerships, and significant...
US Automotive Market Report - Q4 2024
The United States automotive market in Q4 2024 is undergoing significant transformations driven by technological advancements, economic policies, and changing consumer preferences. This...
