US Car Market Set for Major Contraction by 2040
TL;DR Summary
A Bain & Company analysis (cited by CNBC) predicts the U.S. car market will shrink significantly through 2040 as population growth stalls, fertility declines, and transportation behavior shifts toward ride-hailing and SUVs. High new-car prices and rising monthly payments, along with aging buyers and a shrinking share of younger buyers, are expected to drive consolidation among automakers and a reduction in small cars; AutoForecast Solutions also forecasts flat sales for several years, highlighting profitability pressures in the sector.
- New Report Says Car Market Will Have to Shrink Significantly by 2040 Gizmodo
- A 'perfect storm' points to a much smaller U.S. auto market by 2040 CNBC
- America's Auto Industry Is Stuck In Neutral, And There's One Key Reason Why vocal.media
- A Report That Could Shock Automobile Stocks: “2 Million New U.S. Car Sales Will Disappear” 매일경제
- US Car Market Is Expected to Shrink Newser
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