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New Cars in North America

Publisher MarketLine
Published Sep 04, 2025
Length 47 Pages
SKU # MTLN20645670

Description

New Cars in North America

Summary

New Cars in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2019-24, and forecast to 2029). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • New cars market includes retail sales/registrations of new passenger cars. The scope of passenger cars covers saloons, hatchbacks, SUVs, 4x4s, and light pickup vehicles. Market volume refers to the total number of cars sold in a year, while market value is calculated by multiplying the average retail selling price with the market volume.
  • The North American new cars market recorded revenues of $732.9 billion in 2024, representing a negative compound annual growth rate (CAGR) of 0.7% between 2019 and 2024.
  • Market consumption volumes declined with a negative CAGR of 0.9% between 2019 and 2024, reaching a total of 15,327,677.0 units in 2024.
  • In 2024, the volume of the North American new cars market grew by 4.1% annually, fueled by net disposable income per household. According to Eurostat, in 2024, the net disposable income per household in Mexico grew by $34,089.3 from $31,708.3 in 2023, reflecting a 5.3% nominal increase annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, and leading players in the new cars market in North America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in North America
  • Leading company profiles reveal details of key new cars market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the North America new cars market with five year forecasts by both value and volume
Reasons to Buy
  • What was the size of the North America new cars market by value in 2024?
  • What will be the size of the North America new cars market in 2029?
  • What factors are affecting the strength of competition in the North America new cars market?
  • How has the market performed over the last five years?
  • How large is North America’s new cars market in relation to its regional counterparts?

Table of Contents

47 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Market volume
1.4. Market volume forecast
1.5. Geography segmentation
1.6. Market share
1.7. Market rivalry
1.8. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
3.2. Market volume
4 Market Segmentation
4.1. Geography segmentation
5 Market Outlook
5.1. Market value forecast
5.2. Market volume forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies followed by the leading players?
7.4. What are the strengths of the leading players in the market?
7.5. What are the recent developments in the market?
8 Company Profiles
8.1. Hyundai Motor Co
8.2. Honda Motor Co Ltd
8.3. General Motors Co
8.4. Toyota Motor Corp
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: North America new cars market value: $ billion, 2019-24
Table 2: North America new cars market volume: units, 2019-24
Table 3: North America new cars market geography segmentation: $ billion, 2024
Table 4: North America new cars market value forecast: $ billion, 2024-29
Table 5: North America new cars market volume forecast: units, 2024-29
Table 6: North America new cars market share: % share, by volume, 2024
Table 7: Hyundai Motor Co: Key Facts
Table 8: Hyundai Motor Co: Annual Financial Ratios
Table 9: Hyundai Motor Co: Key Employees
Table 10: Hyundai Motor Co: Key Employees Continued
Table 11: Honda Motor Co Ltd: Key Facts
Table 12: Honda Motor Co Ltd: Annual Financial Ratios
Table 13: Honda Motor Co Ltd: Key Employees
Table 14: General Motors Co: Key Facts
Table 15: General Motors Co: Annual Financial Ratios
Table 16: General Motors Co: Key Employees
Table 17: General Motors Co: Key Employees Continued
Table 18: Toyota Motor Corp: Key Facts
Table 19: Toyota Motor Corp: Annual Financial Ratios
Table 20: Toyota Motor Corp: Key Employees
Table 21: North America Exchange Rate, 2019-24
List of Figures
Figure 1: North America new cars market value: $ billion, 2019-24
Figure 2: North America new cars market volume: units, 2019-24
Figure 3: North America new cars market geography segmentation: % share, by value, 2024
Figure 4: North America new cars market value forecast: $ billion, 2024-29
Figure 5: North America new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in North America, 2024
Figure 7: Drivers of buyer power in the new cars market in North America, 2024
Figure 8: Drivers of supplier power in the new cars market in North America, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in North America, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in North America, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in North America, 2024
Figure 12: North America new cars market share: % share, by volume, 2024

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