In 2023, the production value of Wholesale, Retail Trade, and Repair of Motor Vehicles and Motorcycles in the US stood at approximately 633.2 billion USD. The forecast data from 2024 to 2028 indicates a consistent upward trend with an average annual growth rate (CAGR) of around 2.5%. Year-on-year growth from 2024 to 2025 is 2.5%, followed by 2.4% from 2025 to 2026, slightly increasing to 2.3% the following years.

Future trends to watch for include:

Technological advancements in electric vehicles (EVs) potentially driving industry transformation.
Shifts in consumer preferences towards sustainable vehicle options.
Regulatory changes impacting production and trade dynamics.