How Many Vehicles Are Currently Licensed/registered In The Us

How many cars are at that place in the US?

In 2020, there were 286.nine one thousand thousand cars in the United states of america. While motorcar sales for the past few years aren't a simple upward line, other factors such as increasing car age and the need for personal mobility means amid the pandemic are making certain that the number of US cars is more or less progressively increasing.

Co-ordinate to the Hedges Visitor, in that location were 286.9 million registered cars in the US in 2020. That'due south 0.84% more 2019'due south 284.5 million units. The same study likewise suggests that by the stop of 2021, 289.5 million vehicles would be roaming the roads of America (Hedges Visitor).

The US automotive manufacture has experienced its off-white share of ups and downs. This is due to factors such as the oil and energy crunch, improvement of fuel economic system, fluctuation of gas prices, innovative upgrades, and the COVID-19 pandemic. Some factors have a larger impact than others. For instance, the Cash for Clunkers (Investopedia, 2020) was deemed as one of the biggest causes of the big sales gap betwixt 2009 and 2010.

The article provides a peek into the state of the automotive manufacture in the U.s. through sales, distribution, and market shares.

Distribution of Cars
Car Sales in the US
Motorcar Sales Progression Rate
Market Shares of US Automotive
Market place Shares of Major Automotive Companies Worldwide
Number of Electrical and Hybrid Cars on the Road
Trends that Bear on the Automotive Sector

Distribution of Cars

California

Texas

Florida

New York

Ohio

Pennsylvania

Illinois

Georgia

North Carolina

Michigan

Source: Highway Statistics

Designed past

A survey by US Dept. of Transportation and Federal Highway Administration released in 2020 revealed that California is by far the state with the most number of registered vehicles in the United states of america (US Department of Transportation, 2020). Coming from the most populous US federal state, this number isn't surprising. Interestingly, but 598,270 of 31,247,270 California-based vehicles are publicly owned. That leaves 98.09% of these automobiles being either used for private or commercial purposes.

On the other manus, Vermont is on the lowest end of the spectrum when information technology comes to car population; with a mere 620,428 registered vehicles. However, as with California, Alaska has the same distribution rate of 2% to 98% of publicly owned automobiles to privately/commercially endemic ones, respectively (Federal Highway Assistants, 2020).

Source: Highway Statistics

Car Sales in the US

Source: GoodCarBadCar.net

For the past 42 years, Ford F-Series has been the best-selling vehicle in the U.s.. However, in 2019, it was kicked out of the top ranks and surpassed by Toyota Rav4. It's also been a good year for Honda CR-V. In general, 2019 proved to exist a good yr for Japanese machine brands.

Calorie-free-duty vehicles are known for their improved fuel economy besides as swell range of utility. This makes them the go-to automobile for savvy consumers. In fact, the chart prior shows how popular this blazon of vehicle is, with Toyota RAV4, Honda CR-V, and Nissan Rogue dominating market sales in the US ( GoodCarBadCar.cyberspace , 2020).

Source: GoodCarBadCar.net

2020 was also fruitful for SUVs, both for US-based and Japanese carmakers. Sales for the Toyota RAV4 and Honda CR-Five, for case, increased in 2020 compared to 2019—despite the fiscal challenges brought upon past the COVID-19 pandemic.

Automobile Sales Progression Rate

The automotive sector won't be considering 2020 as its best year so far equally major players in the industry have experienced negative YoY growth. Take passenger motorcar sales, for example, which had but sold 166,400 units in Apr 2020, the slowest calendar month for all vehicle types (St. Louis Fed, 2021).

Having fewer selling days due to the COVID-19 lockdowns is definitely a factor contributing to the downturn. Economic and fiscal elements, influenced by the pandemic or otherwise, too play a office in the decline.

Some experts propose that finance-wise, shoppers are finding it hard to keep up with the increasing costs and interest rates of vehicles. With that said, however, the fact that sales slowly picked upwards right afterward the biggest April 2020 slump is showing hope. Although Jan 2021 numbers are significantly lower than Dec 2020, we might however see them soar the rest of the year (St. Louis Fed, 2021).

Market Shares of US Automotive

In 2016, 17.5 million automobiles were sold in the United states of america. Most 65% of them were produced in the Usa ( American Auto Index , 2018). This made the automotive manufacture one of the major driving forces in the Us economic system. In 2020, as per usual, the Detroit Large 3 automakers, namely General Motors, Ford, and Chrysler are even so in the overall ranking of leading car manufacturers in the US. Notwithstanding, Japanese names, including Toyota and Honda are also proving to be a force to reckon with.

Source: GoodCarBadCar.net

As previously mentioned, light-vehicles are the most popular type of automobile among the U.s.a. consumers. While Ford F-Series is the best-selling car in the United states for decades now, in 2019, pickup trucks in general are only second in terms of market share. Crossover types such equally Toyota RAV4 have dominated the field for the said year.

Market Shares of Major Automotive Companies Worldwide

The United states of america, next to China, is the globe's 2d largest machine market in terms of new calorie-free vehicle registrations. Information technology has around 17.55 million light vehicles registered. The biggest actor in the US automotive industry, General Motors, was able to net over $108.32 billion in 2020. About 10% of that revenue came from the international market while the major cut came from North America.

With that said, however, General Motors isn't the go-to automaker of US consumers when information technology comes to imported cars. In 2020, Toyota was able to sell two,112,940 units of light vehicles in the Us. Following information technology was Honda Motor Company at 1,336,787 units and the Hyundai Kia Auto Group at 1,222,314 (GoodCarBadCar, 2021).

General Motors

ii,537,590

Toyota Motor Co

2,112,940

Ford Motor Company

ii,034,600

FCA

1,820,443

Honda Motor Company

1,336,787

Hyundai Kia Auto Grouping

ane,222,314

Nissan Motor Co

1,004,651

Subaru Corporation

611,938

Volkswagen Group

567,545

Daimler

324,708

BMW Group

308,344

Tesla

292,902

Mazda

279,076

Source: GoodCarBadCar, 2021

Number of Electric and Hybrid Cars on the Road

Every bit of 2020, there are over a million EVs (Electric Vehicles) on the US road (Argonne National Laboratory, 2021). In 2019 solitary, the sales of electric cars surpassed the 2.1 one thousand thousand mark globally (IEA, 2020). Information technology seems the transition to this type of futuristic vehicle has no signs of stopping. In fact, Edison Electric Plant projected that EV stock volition reach 18.7 million by 2030 ( Edison Electric Institute , 2018).

Automakers have been developing more EV models to satisfy consumer demands. The most prominent ones include BEV (Battery Electrical Vehicle) and PHEV (Plug-in Hybrid Electrical Vehicle). There have been a few dozen models and brands circulating the market. However, when it comes to EV sales in the U.s., Tesla is nevertheless the about popular, making upward 78% of the entire marketplace share.

Tesla Model 3

154,836 units

Tesla Model X

18,500 units

Chevy Bolt

16,418 units

Tesla Model South

13,300 units

Nissan Leafage

12,365 units

Audi e-tron

5,369 units

Volkswagen e-Golf game

iv,863 units

BMW i3

4,854 units

Others

14,208 units

Sources: Automakers, CleanTechnica, EV Volumes

With the expected smash of the Electrical Vehicles market, various measures demand to exist gear up up. For instance, in order to back up the 18.7 million EV estimate in 2030, automakers must install about 9.6 1000000 accuse ports at workplaces, homes, and public places. This is a major investment in terms of EV charging infrastructure.

Trends that Affect the Automotive Sector

The available engineering science at hand is a large factor in the automotive industry'due south advancement. It may affect the vehicle blueprint, manufacturing, distribution, and other innovation of the automobile sector. This means that in society to monitor and forecast the changes in the industry, one must go along up with the technology trends that emerge.

This is especially true to modern approaches when it comes to vehicle design. For instance, the wide proliferation of Internet of Things (IoT) continued devices will aid in the development of autonomous vehicles. Moreover, with 28.5 million cars embedded with telematics sold in 2019 ( BNEF , 2020), the global continued car market is expected to reach $166 billion by 2025 ( Markets and Markets , 2020)—this growth will eventually be fueled by technological advancements in manufacturing.

Robot adoption of a more advanced degree has the potential to heavily streamline the manufacturing process likewise. Non but that, simply artificial intelligence has been making life easier for both consumers and manufacturers akin. With capabilities such as commuter assistance, automatic guided vehicles, infotainment control and more than, information technology'southward no wonder that the automotive AI marketplace exceeded $one billion in 2019 and is expected to grow at a CAGR of more than than 35% through 2026 (Global Market Insights, 2019).

References:

Argonne National Laboratory (2021). Light Duty Electric Drive Vehicles Monthly Sales Updates. Retrieved from Argonne National Laboratory
BNEF (2020, Apr 22). BNEF Executive Factbook. Retrieved from Bloomberg
DuGois, F. (2018). Made in America Auto Index — 2018. Retrieved from American Auto Alphabetize
Edison Electric Institute (2018, Nov 30). EEI Celebrates one Million Electric Vehicles on U.Southward. Roads. Retrieved from Edison Electric Found
Federal Highway Administration (2020). Highway Statistics. Retrieved from Federal Highway Administration
GoodCarBadCar (2021). Light vehicle sales in the United states of america between January and Dec of 2019 and 2020, past manufacturer. Retrieved from Statista
IEA (2020, June). Global EV Outlook 2020: Entering the decade of electric drive?. Retrieved from IEA
Markets and Markets (2020, July). Connected Automobile Market by Service (OTA Update, Navigation, Cybersecurity, Multimedia Streaming, Social Media, e-Call, Autopilot, Home Integration & Other), Form, End Market place (OE, Aftermarket), Network, Transponder, Hardware and Region – Global Forecast to 2025. Retrieved from Markets and Markets
St. Louis Fed (2021). Economic Data Series by Tag. Retrieved from St. Louis Fed
Uradu, Fifty.D. (2020, July 31). Cash for Clunkers. Retrieved from Investopedia
US Section of Transportation (2020). Motor vehicle registrations in the U.S. in 2019, by land. Retrieved from Statista

By Nestor Gilbert

Nestor Gilbert is a senior B2B and SaaS annotator and a cadre correspondent at FinancesOnline for over 5 years. With his feel in software development and all-encompassing knowledge of SaaS management, he writes more often than not near emerging B2B technologies and their impact on the current business landscape. Withal, he besides provides in-depth reviews on a wide range of software solutions to assist businesses find suitable options for them. Through his piece of work, he aims to aid companies develop a more tech-frontward approach to their operations and overcome their SaaS-related challenges.