The forecasted growth in Value Added for Wholesale, Retail, and Repair of Motor Vehicles and Motorcycles in the US shows a steady increase from 2024 to 2028. The sector is expected to grow from approximately $2.69 trillion in 2024 to about $3.08 trillion in 2028, suggesting a positive annual growth trend. Year-on-year, the growth in 2025 is 3.72%, in 2026 it is 3.56%, in 2027 it is 3.40%, and in 2028 it is 3.26%. The compound annual growth rate (CAGR) over this period is approximately 3.48%, indicating a strong recovery trajectory from 2023 figures.
Future trends to watch for include technological advancements in electric vehicles, shifts in consumer buying preferences, and regulations supporting environmental sustainability. These factors could significantly impact demand dynamics and industry profitability, while macroeconomic conditions and potential disruptions in supply chains from geopolitical factors or pandemics could pose challenges.
