The US PC + LCV market fell 1.7% in 2017
- The US car market fell by 1.7% in 2017 with a volume of 17.24 million units (VP + LCV), against 17.54 million in 2016. This is the first time since 2010 that this market has decreased, given that it had steadily increased from 10.43 million units to 17.54 million between 2009 and 2016.
- The US market being cyclical, Inovev believes that this market could continue on the same trend in 2018 as in 2017, to fall to about 17 million registrations.
- The main feature of the US market in 2017 was the sharp decline in sales of passenger cars (-11.2%) while those of light trucks (pick-ups, SUVs, minivans) continued to increase (+ 4.5% ), but without compensating for the decline in PC sales. The share of light trucks has thus increased from 61% in 2016 to 64% in 2017, while the share of PCs has at the same time gone from 39% to 36%. However, this classification is misleading because if we include SUVs and minivans in passenger cars, as in Europe and China, the share of PCs amounts to 81% (42% for SUVs and 3% for minivans). In fact, the US passenger car market corresponds to the European or Chinese sedan market.
- Four manufacturers make up 58% of the US market: GM (17.4%), Ford (14.9%), Toyota (14.1%) and FCA (12%). The Japanese hold 40% of the US market, the Germans 8% and the Koreans 7%.
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