Given macroeconomic headwinds, U.S. motor vehicle production and sales could falter in the near term. However, according to Statista, the United States will stay North America's largest vehicle sales market, despite an apparent slowdown.
U.S. motor vehicle production is projected to reach 11.70 million units by 2025, while U.S. light vehicle sales could hit 17.70 million units for the same period. Moreover, the demand for used cars is overwhelming. According to a recent study from CoPilot, consumers are paying $10,000 more to buy a used car than what they would have paid if the economy were normal.
