High automotive trade statistics

These statistics focus on the automotive market’s worth, models offered, and the affect on a rustic’s gross home product (GDP). 

• In 2023, the US automotive manufacturing market was price $104.1 billion.
• 10.9 million gentle vehicles and a pair of.9 million vehicles have been offered within the US in 2022.
• 105 billion objects associated to motor automobiles and elements have been exported in 2021 from the US These have been the second largest in exports. 
• The Indian automotive sector contributed 7.1% to the general GDP and 49% to the manufacturing GDP in 2021. 
• Oil use in vehicles, apart from SUVs, fell by 10% in 2020. This drop, equal to 1.8 million barrels day by day, was most likely due to the COVID-19 pandemic.
• Between 2014 and 2019, Kia vehicles lower down their CO2 emissions probably the most, getting 31 miles per gallon.

International automotive trade statistics

What you see regionally differs considerably from the massive image of the automotive world.. Chances are you’ll observe a shrinking market in your hometown , however that doesn’t imply alternatives to promote outdoors native boundaries don’t exist. These statistics replicate the automotive trade on a world scale. 

• With 9.2 million automobiles made in 2021, the US grew to become the world’s second-largest automotive producer.
• China was the highest automotive producer, crafting over 25 million in 2021.

US automotive trade statistics

If we discover the US market, there’s quite a bit to know and use. The statistics under recommend how the US feels, earns, and advantages from the automotive trade. 

The three important US automotive makers are GM, Fiat Chrysler, and Ford. They face powerful international competitors from Toyota, Hyundai, and Honda. Take a second with the stats under to see how the US shapes its automotive sector.

• In 2021, 9.2 million automobiles have been made within the US.
• Automobile manufacturing within the US grew by 4.5% from 2020 to 2021.
• Automobiles and associated industries contribute 3% to the US financial system.
• The US had 36.2 million used automobiles change fingers in 2022.
• Individuals bought round 13.75 million vehicles in 2022.
• In 2020, almost 91.5% of American houses had at the least one automobile.
• The variety of automobiles registered within the US reached 290.8 million in 2022.
• 77.6 million automobiles have been made worldwide in 2020, with the US trailing solely China in manufacturing numbers.
• The US exported about 1.6 million vehicles and lightweight automobiles in 2021.
• Automobile exports from the US grew by 14.3%. Canada was the highest purchaser of US vehicles in 2021.

Automotive trade job and pay statistics

The automotive trade does deliver forth a wide range of jobs. Individuals work at automotive dealerships, some are concerned in manufacturing spare elements or working alongside the meeting line. Listed below are some stats that throw gentle on the current state of jobs and pay within the automotive trade.

• 923,000 individuals within the US have jobs making motor automobiles and elements.
• One other 1,251,600 Individuals work at automotive dealerships.
• Individuals within the automotive trade work in making, promoting, designing, and engineering.
• In November 2021, 923,700 individuals had jobs making automotive elements within the US.

Automotive trade income and price statistics

The ever-changing automotive market rolls out a number of alternatives. The quicker you pay money for these alternatives, the higher as a result of they allow you to appeal to extra income. The stats under showcase the spending traits within the automotive sector.

• US automotive and elements sellers made $1.53 trillion in income in 2021.
• Individuals shell out $698 billion yearly on automotive loans and insurance coverage.
• The US Treasury put aside $82 billion to assist the automotive trade in 2020. This was the second-largest bailout, with banks taking the highest spot at $250 billion.

• New vehicles have been 2.5% dearer in 2020 than the 12 months earlier than. During the last 20 years, new automotive costs have risen from $21,850 to just about $40,000, a giant bounce of 56% since 2000.
• Used automotive costs went up by 17% between 2020 and 2021.
• A used automotive’s common worth was $23,371 in 2020, however by April 2021, it went as much as $27,297. That is a leap of just about $4,000 in only one 12 months.
• The value change for used vehicles from 2019 to 2020 was tiny, taking place solely by 0.2%.
• The US automotive trade has a 4.9 share of the nation’s gross home product (GDP). It provides 6 million jobs.

The grey facet of the automotive sector

Whereas the automotive trade caters to individuals’s pleasure for luxurious, it provides to environmental air pollution and dangers of unintentional demise too. 

Automobiles launch poisonous emissions that hurt our ecosystem. As they construct their merchandise, automotive corporations must adjust to a number of rules to attenuate environmental affect. The deaths triggered resulting from street accidents are additionally on the rise.

Discover the stats under to know why the automotive trade requires higher management over emissions and different adversarial impacts. 

• Due to fewer vehicles on the street in the course of the COVID-19 pandemic, the US noticed a 13% drop in emissions in 2020. However after lockdowns ended, emissions began going again up.
• Though we have been on the street 13.2% much less in 2020, automotive accident deaths elevated 7.2% from 2019. The Nationwide Freeway Site visitors Security Administration says about 38,680 individuals died in automotive accidents in 2020.

• In 2019, 58% of emissions attributable to transportation got here from common vehicles and small automobiles.
• Though international vitality emissions dropped by 7% in 2020, SUV emissions elevated by 0.5%. SUVs additionally use as much as 5.5 million barrels of oil day-after-day.

Keep a sustainable steadiness

The automotive trade presents a number of alternatives for gamers available in the market. Nonetheless, it provides to simple environmental considerations and dangers of accidents. Producers and customers want to keep up a steadiness between the good and the gray facet of the automotive sector to realize sustainability. 

Fashionable corporations are making strides towards lowering environmental affect via electrical automobiles. Nonetheless, until the electrical energy comes from renewable sources, it doesn’t absolutely remedy the environmental emission affect.