The forecast for the import of automobiles with spark-ignition internal combustion reciprocating piston engines exceeding 3000 cc to the US shows a significant decline from 2024 to 2028. Starting at 761.96 million kilograms in 2024, the imports decrease each subsequent year, reaching 158.08 million kilograms by 2028. This represents a year-over-year decline with the steepest reductions in the latter years.
In 2023, the volume of these imports was higher than in 2024, grounding the forecasted downtrend. Notably, the compound annual growth rate (CAGR) suggests a substantial average annual decrease over five years.
Future trends to watch include potential impacts of growing electric vehicle (EV) demand, changes in emissions regulations, and technological advancements in automobile innovation which could further influence the decline in imports of traditional combustion engine vehicles.
