How many cars are there in the US? | CNBC
CNBC: More than two billion cars were manufactured in the United States in 2016, according to the National Automobile Dealers Association, with more than 9 million sold.
That’s an increase of 2.8 percent from 2015, the association said in its annual report on U.S. car sales.
We expect the auto industry to continue to grow and we are confident in the recovery in the U.K., Canada, France and Germany, the report said.
“As we continue to see growth in the auto sector, we expect continued demand for car parts,” it added.
More: The car industry grew 3.2 percent in the second quarter of 2017, according, with the biggest gains in the North America segment.
Its second-quarter growth was nearly 3 percent, the highest of the five sectors for the second half of 2017.
That compares to growth of 0.6 percent in 2016.
The auto industry’s third-quarter gain was 5.1 percent, down from the 6.3 percent it posted in the first quarter.
It’s down 4.5 percent from the 8.3 per cent it posted last year.
Car parts makers are expected to post a 6.2-per-cent gain in the third quarter.