Motor vehicle gasoline engine sales in the US have demonstrated consistent growth over the past decade, moving from $28.927 billion in 2013 to $33.431 billion in 2023. Noteworthy is a peak year-on-year growth of 6.66% in 2013, followed by variations between 0.9% and 5.88% in subsequent years. The Compound Annual Growth Rate (CAGR) over the last five years stands at approximately 0.96%. The forecast suggests continued growth, with expectations to reach $34.841 billion by 2028, reflecting a forecasted CAGR of 0.65% and a forecast 5-year growth rate of 3.31%.

Future trends to watch for:

Increasing adoption of electric vehicles (EVs) potentially impacting gasoline engine sales.
Technological advancements in fuel efficiency and hybrid powertrains.
Regulatory changes and policy shifts favoring more sustainable transport options.
Consumer preferences and economic factors influencing automotive market dynamics.