Key Takeaways
- In 2023, U.S. light vehicle production reached 10.6 million units, a 9.5% increase from 2022, driven by recovery from supply chain disruptions.
- U.S. automotive manufacturing output grew by 4.2% year-over-year in Q4 2023, contributing $1.2 trillion to GDP annually.
- Ford produced 1.8 million vehicles in the U.S. in 2023, with 45% assembled in Michigan plants.
- New U.S. auto sales totaled 15.5 million units in 2023, up 12.4% from 2022.
- Light truck sales dominated at 79% of total U.S. vehicle sales in 2023.
- Ford F-Series sold 750,000 units, retaining top-selling title in 2023.
- U.S. auto employment totaled 1.02 million direct jobs in 2023.
- Automotive manufacturing wages averaged $28.50 per hour in 2023.
- Michigan auto jobs numbered 300,000, 29% of national total in 2023.
- U.S. vehicle exports totaled 2.5 million units valued at $60 billion in 2023.
- Canada received 45% of U.S. auto exports, 1.1 million vehicles in 2023.
- Mexico imported $120 billion in U.S. auto parts in 2023.
U.S. auto industry production grew strongly in 2023, driven by recovery and electric vehicle investment.
Employment and Wages
Employment and Wages Interpretation
Exports and Imports
Exports and Imports Interpretation
Production and Manufacturing
Production and Manufacturing Interpretation
Sales and Revenue
Sales and Revenue Interpretation
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