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Automotive industry in the United States - statistics & facts

The automotive industry in the United States experienced a sharp drop in demand amid the outbreak of COVID-19: in March 2020, U.S. vehicle sales were down 38 percent year-on-year. When stay-at-home orders were released, light vehicle sales bounced back to reach some 14.5 million units. Light vehicles accounted for about 97 percent of motor vehicles that were sold in the United States in 2020.

Light truck sales account for the majority of the market

Light vehicle sales are largely driven by the light truck segment. Despite the pandemic, U.S. light truck sales exceeded 11 million units in 2020. 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 3.4 million units in 2020, mainly because U.S. consumer demand shifted towards larger vehicles over the course of the past decades. Although gasoline prices in the U.S. remain low, alternative fuel light trucks and cars are gaining in popularity. The industry sold an estimated 300,000 plug-in electric vehicles in the United States in 2020.

General Motors is the leading automotive manufacturer in the United States

Once dubbed 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 Stellantis 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 is the vehicle manufacturer with the highest market share, followed by Ford and Toyota. Toyota is also the largest automotive manufacturer worldwide.

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Interesting statistics

In the following 5 chapters, you will quickly find the 38 most important statistics relating to "Automotive industry in the United States".

Automotive industry in the United States

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Automotive industry in the United States - statistics & facts

The automotive industry in the United States experienced a sharp drop in demand amid the outbreak of COVID-19: in March 2020, U.S. vehicle sales were down 38 percent year-on-year. When stay-at-home orders were released, light vehicle sales bounced back to reach some 14.5 million units. Light vehicles accounted for about 97 percent of motor vehicles that were sold in the United States in 2020.

Light truck sales account for the majority of the market

Light vehicle sales are largely driven by the light truck segment. Despite the pandemic, U.S. light truck sales exceeded 11 million units in 2020. 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 3.4 million units in 2020, mainly because U.S. consumer demand shifted towards larger vehicles over the course of the past decades. Although gasoline prices in the U.S. remain low, alternative fuel light trucks and cars are gaining in popularity. The industry sold an estimated 300,000 plug-in electric vehicles in the United States in 2020.

General Motors is the leading automotive manufacturer in the United States

Once dubbed 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 Stellantis 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 is the vehicle manufacturer with the highest market share, followed by Ford and Toyota. Toyota is also the largest automotive manufacturer worldwide.

Interesting statistics

In the following 5 chapters, you will quickly find the 38 most important statistics relating to "Automotive industry in the United States".

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