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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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
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Revving Up the Future: Samsung SDI and GM’s Strategic EV Battery Venture
Sep 8th 2024
United States Automotive Consumer Trends Articles
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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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Navigating the Turbulence: Stellantis and Tavares’ Departure
Dec 27th 2024
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Rivian’s Federal Windfall: A $6.6 Billion Leap Towards Affordable Electric Vehicles
Dec 26th 2024
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Why Rivian’s Clean Energy Deal is a Game Changer for the Auto Industry
Nov 18th 2024