U.S. Automotive Industry - Statistics & Facts

The automotive industry in the United States experienced a sharp drop in demand in March 2020: vehicle sales were down 38 percent year-on-year. 2020 light vehicle sales are expected to be between 14.5 and 16.4 million units, depending on the severity of the impact from the coronavirus pandemic. In 2019, just under 17 million light vehicles were sold in the U.S., accounting for about 97 percent of the roughly 17.5 million motor vehicles that were sold in the United States in 2019.

Light vehicle sales are largely driven by the light truck segment. U.S. light truck sales increased to more than 12 million units in 2019. Meanwhile the number of cars sold in the U.S. went down from a staggering 11.4 million units in 1973 to a little over 4.7 million units in 2019, mainly because U.S. consumer demand shifted towards larger vehicles over the course of the past decades.

The Detroit Three, General Motors, Chrysler LLC and Ford, are the key U.S.-based automakers, although Chrysler LLC is a fully-owned subsidiary of the Europe-based Fiat Chrysler Automobiles holding. In addition to the aforementioned carmakers, Tesla's market share is on the rise due to the increasing acceptance of electric vehicles. General Motors was the vehicle manufacturer with the highest market share in the first quarter of 2020, followed by Ford and Toyota. Globally, Toyota and VW are ranked as the largest motor vehicle manufacturers.

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Automotive industry in the United States

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