Forecast: New Vehicles Registrations in the US

The forecast for new vehicle registrations in the US shows a steady decline from 2024 to 2028. In 2023, registrations stood at approximately 16.812 million units. The year-on-year variations are as follows:

- 2024: -0.7% - 2025: -0.7% - 2026: -0.7% - 2027: -0.7% - 2028: -0.7%

The compound annual growth rate (CAGR) over the last five years is approximately -0.7%, indicating a gradual decrease in new vehicle registrations.

Future trends to watch for include the increasing adoption of electric vehicles (EVs), advancements in autonomous driving, and potential regulatory changes regarding emissions and fuel efficiency. Additionally, shifts in consumer preferences and economic conditions will likely impact the trajectory of vehicle registrations in the coming years.