The Seasonally Adjusted Annual Rate (SAAR) of sales for March in United States of America attained a value of 17,046,266.66 Units in 2021
This represents a decrease of 15%, as compared to 10,673,184.54 Units in 2020
The indicator recorded a historical decline (CAGR) of 15% between 2017 to 2021
The SAAR of sales for March, in the United States of America (2017 - 2020, Units)
Automotive Industry in the United States of America
The light trucks market includes all light commercial vehicles (LCVs) and light buses and coaches (LBCs). This includes pick-ups and vans but excludes sports utility and similar vehicles. The market value is calculated in terms of the manufacturer’s selling price (MSP) and excludes all taxes and levies. The new cars market consists of the initial retail sale/registration of new passenger cars. Passenger cars include saloons, hatchbacks, SUVs, 4x4s, and light pickups used predominantly in North America, and other related vehicles.
Competitive landscape
In the American light trucks market, there are a small number of large companies, between whom competition is fierce. Following the economic downturn that has been experienced on a global scale, the situation has improved, following a period of restructuring. The US new cars market is fairly consolidated. The four leading players, General Motors, Toyota, Ford, and Stellantis, are expected to account for more than half of the share of the sales volume in 2021. The leading players in this market are tapping into the growing demand for hybrid and electric vehicles, while alliances within the market are a common strategy. The COVID-19 pandemic halted production in many countries and disrupted the supply chain; as such, the leading players were negatively impacted in 2020.
Who are the leading players?
Fiat S.p.A.
Fiat is engaged in the design, production, and sale of mass-market and luxury automobiles through a number of brands. The group also manufactures automotive-related products and systems, principally powertrains, components, metallurgical products, and production systems for the automotive sector.
Ford, one of the oldest car manufacturers in the world, designs, builds, and sells cars, utilities vehicles, and trucks. The company's core and affiliated automotive brands include Ford and Lincoln. Ford, through its subsidiaries, also provides vehicle financing services. It operates 65 plants globally spread across North America, Europe, South America, Asia Pacific, and Africa.
GMNA has sales, manufacturing and distribution operations in the US, Canada and Mexico and sales and distribution operations in Central America and the Caribbean. GMNA primarily develops, manufactures, and markets vehicles under the brands including Buick, Cadillac, Chevrolet, and GMC.
Toyota is one of the largest automobile manufacturers in the world. The company is engaged in the design, manufacture, assembly, and sale of passenger cars, minivans, and commercial vehicles such as trucks and related parts and accessories throughout the world. It also provides financing, vehicle and equipment leasing, and certain other financial services primarily to its dealers and their customers to support the sales of vehicles and other products manufactured by Toyota.
Germany
Japan
Netherlands
United States of America
United States of America
Germany
Germany
Japan
South Korea
China
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