Auto transport industry insights
- In 2023, around 3.12 million cars were sold in the U.S., generating about $15.5 million in sales from cars and light trucks.
- The market size of vehicle shipping industry was of $9.9 billion.
- The top five car shipping destinations: Los Angeles, Houston, New York City, Miami, and Dallas.
- In the U.S., cars are typically transported across the country by truck, with shipping costs ranging from 53 cents to over $2.30 per mile.
Maersk highlights the following key trends in vehicle transport and shipping:
- Shortened Supply Chains: Logistics are shifting toward shorter, more resilient routes with fewer car parts to reduce risks and streamline operations.
- Enhanced Visibility: The future will feature real-time visibility across the entire supply chain, supported by comprehensive data integration from both suppliers and customers, including updates on production and transportation changes.
- Predictive Analysis: By using data and AI, predictive analysis will help anticipate disruptions in the supply chain, allowing for better contingency planning.
- Direct Consumer Engagement: Manufacturers will increasingly connect directly with consumers through integrated logistics, by passing dealerships, and delivering vehicles more precisely and conveniently to the end user.
References:
Maersk Logistics Insights: Racing towards the future of auto transport
ConsumerAffairs. “Auto transport industry statistics 2024 [2024]” ConsumerAffairs.com. May. 15, 2024, https://www.consumeraffairs.com/automotive/auto-transport-industry-statistics.html
