In 2024, the value added of wholesale, retail trade, and repair of motor vehicles and motorcycles in the US is forecasted at 371.19 billion USD, indicating steady forecasted growth leading to 402.43 billion USD by 2028. Year-on-year, the forecasted changes show a growth pattern averaging approximately 2-3% annually from 2024 to 2028, reflecting sustained recovery and expansion from previous years.

Future trends to watch for include:

Impact of technological advancements and shifts towards electric vehicles on market growth.
Potential supply chain adjustments and marketplace adaptations in response to evolving consumer preferences.
Economic conditions affecting consumer spending power and investment in the vehicle sector.