The forecasted sales for Motor Vehicles and Parts Dealers in the US show a consistent upward trend from 2024 to 2028. In 2023, the market value stood at 1.327 trillion USD. The year-on-year percentage variations are 2.36% from 2023 to 2024, 2.01% from 2024 to 2025, 1.93% from 2025 to 2026, 1.86% from 2026 to 2027, and 1.79% from 2027 to 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.99%.
Future trends to watch for include advancements in electric vehicle technology, the growth of autonomous driving, and shifts in consumer preferences towards more sustainable and environmentally friendly options. Additionally, the impact of economic factors such as interest rates, inflation, and potential supply chain disruptions may also significantly affect sales in this sector.
