When it comes to the good ol’ USA, auto sales have seen a huge spike in numbers due to increased economic output, improved transportation infrastructure, and the on-going industrialization of the world. What’s more, our sources indicate that some 74–78 million vehicles are sold around the world every year.
Still, a significant percentage of these vehicles are sold in the US (more so than anywhere else in the world), where the automotive market is worth tens of billions of dollars annually.
This article will cover the most important US auto sales statistics to help readers gain a better understanding of the market. Some of the main topics that will be discussed include the number of car sales by model and manufacturer, vehicle sales by state, the number of yearly car purchases, the increased prevalence of electric cars, and more.
So, without further ado, let’s dive straight in!
The global pandemic hit businesses around the world and brought major economies to a halt in 2020. The auto industry was no exception and North American car sales dropped across the board among all auto manufacturers in every state.
Many people lost their businesses and jobs and this uncertainty of the economic future prevented consumers from unnecessarily spending money on cars. People kept a working primary vehicle and upgrading or purchasing secondary vehicles became unimportant.
The automotive industry’s outlook on the overall decrease of car sales in 2020 prompted them to offer deals on cars and trucks. Price is always a huge factor for consumers when it comes to buying cars and these deals offer a substantial relief on car and truck prices.
In many countries, automakers offered no-interest financing and no-penalty payment deferments deals. Consumers took notice and search volumes for best car deals and truck deals grew 70% around the world from March 22 to March 28, 2020, versus the previous week.
These car sales records were especially true for 18-35-year-olds living in cities who had never needed cars prior to the pandemic. They did not want to travel in rideshares and public transport to maintain social distancing and a car seemed like the ultimate PPE because it creates a bubble for travelers.
Moreover, since the pandemic cities now have limited activities, young adults are more interested in activities like hiking and beaches. These are open-air and safe activities that are not restricted. While most city dwellers would previously rent cars for driving out of the city for that purpose, they are now interested in buying cars as long-term solutions and avoiding recently used rented cars.
This is a direct result of the consumer pullback from buying new vehicles. New car sales were at their lowest in many countries as indicated by auto sales history and the US was a part of this trend. Other major countries following this consumer trend included Germany at 40%, Japan at 48%, and China at 65%.
|Year||Number of Cars Sold|
Based on this car sales data table, we start noticing trends that have influenced the US auto sales market in recent years.
US auto sales reached an all-time low in 2009 largely due to the economic crisis (of the period) when only 10.4 million vehicles were sold in the US. Yet, soon after, we got an all-time high 17.46 million units being sold in 2016.
Recent automobile sales figures seem to indicate that the number of cars being sold is slowly decreasing. Yet, it is doing so at a rate that is currently having no impact whatsoever on the automotive industry as a whole.
Additionally, most experts suggest that the appearance of cheaper and better electric cars will soon drive these numbers up again.
Car buyers prefer dealerships and in the pandemic situation, the low number of car buyers actively wanted to purchase from them. A big part of the car market in the USA responded to this by moving toward digital car dealing means.
These dealerships began to offer online chat negotiations, online estimates for trade-ins, and digital retailing and financing options. Some even began to offer home delivery services so car buyers would not have to visit the dealership for anything during the pandemic.
Over time, the recorded data has shown that the number of new car sales has never exceeded the number of used vehicles sold during the same reference period.
Similar used and new car statistics have been reported annually for the past decade. For instance, 17.14 million new cars and 39.2 million used cars were sold back in 2017.
Due to the financial crisis, only 10.4 million new cars and 35.5 million used vehicles were sold in the US in 2009, as pointed out by annual car sales, in what is often referred to as the worst year for vehicle sales. Similar trends were reported in other regions of the world as well.
11. 2005 was the year with the largest number of second-hand car sales in the US, according to the table below:
|Year||The Number of Used Cars Sold|
2018’s numbers place California well above most other states, as we will see later on in more depth.
According to Statista, 511,530 passenger car sales were recorded, as shown by automotive sales figures. This highlights California’s supremacy in terms of overall vehicle sales within the States.
When accounting for second-hand sales as well, reports indicate that roughly 1.3 million light vehicles were sold and purchased in Florida during the same year.
1st place: California, 896,007 sales
2nd place: Florida, 511,530 sales
3rd place: Texas, 450,825 sales
4th place: New York, 280,607 sales
5th place: Oklahoma, 260,175 sales
6th place: Illinois, 184,752 sales
7th place: Pennsylvania, 179,470 sales
8th place: Georgia, 179,402 sales
9th place: Ohio 175,681 sales
10th place: North Carolina, 153,736 sales
This is mostly due to California’s friendly regulatory framework towards electric vehicles. The state has also financed the creation of several electric vehicle charging points, thus contributing to the local EV infrastructure.
This percentage gets even higher if we take second-hand sales into account, as reported by automotive statistics. Thus, it is no surprise that California is actively incentivizing electric vehicles, while also allowing trials of self-driving cars.
This figure just goes on to show that infrastructure investments are still necessary, not only in California but also in other states, judging how these vehicles are bound to cross state lines. Predictions do show that California will continue holding the highest number of EVs of the total number of cars in the US.
Since then, it is quite likely that the number has surpassed the 4 million units threshold. The appearance of multiple affordable models will lead to an even higher increase in EV sales, as reported by most market experts. Thus, over the next few years, the world will see an abrupt increase in electric vehicle sales numbers.
This statistic isn’t just applicable to the US exclusively. Rather, Tesla represents the world’s biggest EV manufacturer, with millions of units sold around the globe.
Model 3 was designed to serve as an affordable run-of-the-mill EV, meant to target budget car sales. Yet, it remains quite luxurious when compared to most other cars on the market. Its low price, high range, and insane acceleration performance makes it one of the best EVs available on the market today.
These numbers are growing rapidly as more and more businesses pursue long-term sustainability through eco-friendly alternatives. This also includes the number of EV cars sold in the US.
Similar values are being recorded in other Western countries as well. Regardless, Northern Europe is paving the way in terms of overall EV usage.
As such, the European market is also seeing the numerous benefits of electric vehicles. However, mass-adoption is not feasible, nor sustainable if the charging infrastructure is not upgraded. When making a comparison with US auto sales by model, the same brands are popular in both Europe and the US. Still, Europe sees more NEVs.
This is based on predictions made by auto industry experts. We can notice a downward trend caused by the slowdown in the global economy — the number of car sales by the company has declined over the past few years. An important factor worth pointing out is that initial predictions pointed towards the sale of 80 million units during 2019 — however, this figure was never reached.
Asia accounts for a significant percentage of global car sales. Yet, the biggest share is held by the Chinese market, thanks to its large population and vast purchasing power.
Hopefully, the US auto sales statistics featured in this article have expanded your understanding of the car market in the US as well as around the globe. Most trends indicate that in the future, the number of gas, petrol, and diesel-based vehicles will fall considerably, giving way to electric vehicles. Most manufacturers will remain in business, yet market changes will also favor electric-focused brands such as Tesla and other relevant competitors, which will be responsible for a significant percentage of future American cars’ sales.
If you consider purchasing a new car, we strongly recommend that you find the best car insurance in order to protect your investment.
According to Statista, roughly 4.7 million passenger cars were sold in the US in 2019. In terms of cars and light trucks, reports indicate 17 million in sales.
The Ford F-Series seems to be the leader in terms of car sales in the US, as almost 900,000 models were sold during 2019 alone.
The Ford Motor Corporation represents the biggest US-based manufacturer — therefore, the company produces and sells the largest number of cars nationally. In fact, the Ford F-Series is the best selling car in the US market.
Yes — trends seem to indicate that global car sales are steadily declining. However, the downtrend is relatively minimal and will likely not impact manufacturers. Yearly car sales are likely to increase again as electric vehicles become more affordable — this will likely happen in the near future, seeing how manufacturers around the world have invested billions into the research and development of electric cars, EV auto sales by manufacturer reveal.
Back in 2018, it was estimated that there would be 5 million electric vehicles on the world’s roads. Since then, the number of EVs has increased significantly. In the US, all the predictions estimate that the number of EVs being driven on US roads will surpass the 18 million mark by the year 2030, as USA auto sales indicate. Additionally, global EVs will likely surpass the 50 million mark as well.
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