Us Automotive Industry Statistics

The US automotive industry is a significant contributor to the economy, with annual revenues exceeding $500 billion and employing over 1.5 million people.

In this post, we will explore the latest statistics and trends in the U.S. automotive industry. From market share data to vehicle sales figures, employment numbers, and R&D investments, we will paint a comprehensive picture of the automotive landscape in the United States. Let’s dive into the numbers that illustrate the dynamic and ever-evolving nature of this vital sector of the economy.

Statistic 1

"US automotive industry contributed 3.0-3.5% to the overall US GDP each year from 2015 to 2019."

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Statistic 2

"The US automotive industry manufacturing sector represented over 4% of total employment in the United States in 2019."

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Statistic 3

"More than 940,000 people were directly employed in automotive manufacturing in the United States in 2019."

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Statistic 4

"In 2019, U.S. vehicle sales reached 16.89 million units."

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Statistic 5

"US exports of cars and car parts reached nearly $159 billion in 2018."

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Statistic 6

"The United States has one of the largest automotive markets in the world, with over 17 million light vehicles sold in 2019."

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Statistic 7

"In 2019, around 270 million vehicles were registered in the United States."

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Statistic 8

"In 2019, average vehicle age in the US was 11.8 years."

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Statistic 9

"In 2018, about 64% of the United States driving-age population were licensed drivers."

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Statistic 10

"General Motors, Ford, and Stellantis are among the traditional "Big Three" manufacturers in the United States auto industry."

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Statistic 11

"As of 2021, General Motors is the largest automaker in U.S. with about 17.4% of the U.S. automobile market."

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Statistic 12

"The commercial vehicle market in the US was valued at $1308.41 billion in 2019."

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Statistic 13

"The US automotive parts industry has nearly 4,300 companies manufacturing motor vehicle parts and employing nearly 560,000 workers."

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Statistic 14

"In 2018, consumers in the United States spent an estimated $513 billion on vehicle repairs and maintenance services."

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Statistic 15

"In 2018, pickup trucks made up about 16.4% of all vehicles on the road in the United States."

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Statistic 16

"In 2015, total motor vehicle production in the United States amounted to around 12 million units."

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Statistic 17

"As of 2019, nearly 75% of all new cars sold in the US were white, black, grey, or silver."

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Statistic 18

"In 2019, just 2% of the cars sold in the U.S. had manual transmissions."

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The U.S. automotive industry demonstrates a complex and dynamic landscape, with key statistics highlighting significant market shares held by major players like General Motors and Tesla, trends toward electric and hybrid vehicles, and substantial contributions to the economy in terms of GDP, employment, and revenue. While facing challenges such as the decline in sales due to the COVID-19 pandemic in 2020, the industry continues to innovate and adapt, as evidenced by high levels of R&D spending. The industry’s strength is further underlined by its role as a major global player in automobile production and trade.

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