New Cars in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2024
New Cars in the United States of America (USA) - Market Summary, Competitive Analysis and Forecast to 2024Summary
New Cars in the United States industry profile provides top-line qualitative and quantitative summary information including: market size (value 2015-19, and forecast to 2024). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s and other related vehicles. The market value is calculated at retail selling price (RSP) and the market volume is given in terms of units sold. Market share data for the New Cars industry applies to motor manufacturing groups as opposed to their individual brands, i.e. for the Volkswagen Group this includes all of its brands such as Volkswagen, Audi, Skoda, Seat etc. therefore where possible, market share data represents sales figures for every brand in that manufacturing group within each country. Any currency conversions used in this report have been calculated at constant 2019 annual average exchange rates.
- The US new cars market had total revenues of $170.3bn in 2019, representing a compound annual rate of change (CARC) of -8.9% between 2015 and 2019.
- Market consumption volumes declined with a CARC of -11% between 2015 and 2019, to reach a total of 4,715.0 thousand units in 2019.
- Demand for new cars has been saturated in the US in recent years, amid high volumes sold in the past, with new sales being limited to the replacement of aging vehicles.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the new cars market in the United States
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the new cars market in the United States
- 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 United States new cars market with five year forecasts
Reasons to Buy
- What was the size of the United States new cars market by value in 2019?
- What will be the size of the United States new cars market in 2024?
- What factors are affecting the strength of competition in the United States new cars market?
- How has the market performed over the last five years?
- What are the main segments that make up the United States's new cars market?
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