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.
Report 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
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Hyundai Motor Co
- Honda Motor Co Ltd
- General Motors Co
- Toyota Motor Corp
