The increasing use of autonomous cars and mobility services will cause U.S. personal sedan sales to be cut in half by 2030, according to a new report by KPMG. They will drop from 5.4 million today to 2.1 million in just 13 years.
The report says the transportation market will evolve from a national or regional one to 150-plus metropolitan areas that each has its own distinct mix of consumer travel needs delivered by autonomous mobility services.
“Several OEMs will likely close plants and exit the segment entirely,” said Tom Mayor, strategy leader for industrial manufacturing at KPMG. “At these volumes, we would expect the current 10 OEMs serving the U.S. market with more than 800,000 sedans per year to contract to only three or four.”
Researchers predict that by 2030, families may use autonomous vehicles offered by mobility services in place of a second car. The single family vehicle is more likely to be an SUV or crossover.Download Bulletin PDF