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New Cars in the United States

Publisher MarketLine
Published Sep 04, 2025
Length 48 Pages
SKU # MTLN20645294

Description

New Cars in the United States

Summary

New Cars in the United States industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 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 US new cars market recorded revenues of $655.4 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 1.1% between 2019 and 2024, reaching a total of 12,699,547.0 units in 2024.
  • In 2024, the volume of the US new cars market grew by 2.9% annually, fueled by net disposable income per household. According to the Bureau of Economic Analysis, in 2024, the net disposable income per household in the US grew by $164,007.1 from $156,876.3 in 2023, reflecting a 4.5% nominal increase annually.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in the United States
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in the United States
  • 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 United States new cars market with five year forecasts
Reasons to Buy
  • What was the size of the United States new cars market by value in 2024?
  • What will be the size of the United States new cars market in 2029?
  • What factors are affecting the strength of competition in the United States new cars market?
  • How has the market performed over the last five years?
  • Who are the top competitors in the United States's new cars market?

Table of Contents

48 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. Toyota Motor Corp
8.3. Honda Motor Co Ltd
8.4. General Motors Co
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: United States new cars market value: $ billion, 2019-24
Table 2: United States new cars market volume: units, 2019-24
Table 3: United States new cars market geography segmentation: $ billion, 2024
Table 4: United States new cars market value forecast: $ billion, 2024-29
Table 5: United States new cars market volume forecast: units, 2024-29
Table 6: United States 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: Toyota Motor Corp: Key Facts
Table 12: Toyota Motor Corp: Annual Financial Ratios
Table 13: Toyota Motor Corp: Key Employees
Table 14: Honda Motor Co Ltd: Key Facts
Table 15: Honda Motor Co Ltd: Annual Financial Ratios
Table 16: Honda Motor Co Ltd: Key Employees
Table 17: General Motors Co: Key Facts
Table 18: General Motors Co: Annual Financial Ratios
Table 19: General Motors Co: Key Employees
Table 20: General Motors Co: Key Employees Continued
Table 21: United States Size of Population (Million), 2020-24
Table 22: United States Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 23: United States GDP (Current Prices, $ Billion), 2020-24
Table 24: United States Inflation, 2020-24
Table 25: United States Consumer Price Index (Absolute), 2020-24
Table 26: United States Exchange Rate, 2019-24
List of Figures
Figure 1: United States new cars market value: $ billion, 2019-24
Figure 2: United States new cars market volume: units, 2019-24
Figure 3: United States new cars market geography segmentation: % share, by value, 2024
Figure 4: United States new cars market value forecast: $ billion, 2024-29
Figure 5: United States new cars market volume forecast: units, 2024-29
Figure 6: Forces driving competition in the new cars market in the United States, 2024
Figure 7: Drivers of buyer power in the new cars market in the United States, 2024
Figure 8: Drivers of supplier power in the new cars market in the United States, 2024
Figure 9: Factors influencing the likelihood of new entrants in the new cars market in the United States, 2024
Figure 10: Factors influencing the threat of substitutes in the new cars market in the United States, 2024
Figure 11: Drivers of degree of rivalry in the new cars market in the United States, 2024
Figure 12: United States new cars market share: % share, by volume, 2024

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