Car ownership in the US is falling, a study by the University of Michigan Sustainable Worldwide Transportation department has confirmed.
The study analysed recent changes in the US in both the ownership of light-duty vehicles (cars, pickup trucks, SUVs, and vans) and the corresponding distance driven.
Go deeper with GlobalData
Of interest were changes in the rates per person and per household. The period examined was 1984 to 2015 and the main findings revealed that vehicle-ownership per person and per household both peaked in 2006. The two rates for 2015 are down, on average, 4.4% from their peak, although they have rebounded, on average, 1.4% from a low point in 2012 and 2013.
The study also showed the distance-driven rates per person and per household both reached peaked in 2004. The two rates for 2015 are down, on average, 7.8% from their maxima, although they have rebounded, on average, 2.1% from a 2013 low point.
The report is the ninth in a series examining recent changes in various aspects of motorisation in the US. The number of light-duty vehicles (cars, pickup trucks, SUVs, and vans) was obtained or calculated from the information in FHWA (2017). For 1984 through 2006, this number was the sum of cars and other two-axle, four-tyre vehicles. For 2007 through 2015, this number was the sum of short-wheel-base and long-wheel-base, light-duty vehicles.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
