Nearly 75% of the US population owns a personal car, while another 20% use a company or family car. This strong demand for vehicles continues to drive growth in the automotive industry.
In terms of volume, the United States is the world’s second-largest motor vehicle manufacturer (after China), making over 10 million cars a year. [1]
In 2023, the automotive industry in the US was valued at $1.62 trillion, and it is projected to exceed $2.28 trillion by 2034, growing at a CAGR of 3.5%. [2]
While the top-selling American car brands are owned by the “Big Three” manufacturers (General Motors, Ford, and Stellantis), we have also featured other brands that capture the diversity and innovation present in the automotive market.
Did you know?As of 2024, there were around 283 million vehicles in the United States. The most common type is trucks, with almost 171 million private and commercial trucks registered, compared to 102 million registrations for cars. [2]
Table of Contents
11. Lucid Motors
Founded in 2007Majority Ownership: Saudi Arabia’s Public Investment Fund (61.1%) Production: 9,029 units (2024)
Annual Revenue: $929 million+
Initially focused on battery technology, Lucid Motors began developing luxury electric vehicles in 2014. Today, its flagship model, the Lucid Air, competes with high-end cars like the Porsche Taycan and the Tesla Model S.
In 2022, the Saudi Arabian government announced its plan to purchase up to 100,000 electric vehicles from Lucid Motors over the next decade. They chose Lucid because the company is building its first manufacturing facility outside the US in Saudi Arabia, with the aim of producing 150,000 vehicles annually.
In 2023, Lucid partnered with Aston Martin to help make electric motors and batteries for Aston Martin’s upcoming fully electric models. In the same year, Lucid made $595.3 million in annual revenue and sold 6,001 cars. They ultimately meet the higher end of the 2023 annual production guidance of 8,500 vehicles. [3][4]
In 2024, the company produced 9,029 vehicles and delivered 10,241 vehicles, meeting its annual production guidance of approximately 9,000 vehicles.
In 2025, Lucid signed a groundbreaking agreement with Uber and autonomous tech firm Nuro to deploy at least 20,000 Lucid Gravity SUVs equipped with Nuro’s Level 4 self-driving system over the next six years. As part of the deal, Uber will invest $300 million in Lucid and will own or manage the fleet through its app.
10. Rivian
Rivian R1T
Majority Ownership: Amazon (18.1%)
Production Output: 49,476 units (2024)
Annual Revenue: $5.1 billion+
Rivian focuses on adventure-oriented electric vehicles. Its vision is to create electric vehicles that combine sustainability with high performance and ruggedness.
Its flagship model, the Rivian R1T pickup truck and R1S SUV, are built on the same platform and share several components. Both these electric vehicles offer long mileage and impressive off-road capability.
In 2023, Rivian generated $4.4 billion in annual revenue, a 167% increase from the previous year. Despite this growth, the company remained unprofitable, with an operating loss of $5.739 billion, showing a 16% decline compared to 2022. [5]
Rivian’s Driver+ ADAS is progressing toward an “eyes-free” Level 3 system planned for 2026. Recent OTA updates have introduced features such as Snow Mode, Kneel Mode, and expanded functions, including Launch Mode and Valet Mode.
9. Chrysler
Chrysler US annual sales units | Credit: Good Car Bad Car
Parent: Stellantis
Annual Revenue: $7 billion+
Founded by Walter Chrysler in 1925, Chrysler quickly became one of the “Big Three” American automobile companies, alongside General Motors and Ford. Their early success was fueled by innovations like the introduction of hydraulic brakes and the development of the first aerodynamically designed car, the Chrysler Airflow.
In 2022, Chrysler made $6.9 billion worldwide, with approximately 77% of that coming from their Minivan line. [6]
Chrysler Pacifica, in particular, is their most popular minivan offering families comfort, advanced features, and versatility. In 2023, Chrysler sold a total of 120,554 Pacifica minivans in the US, with approximately 20% of those being the Chrysler Pacifica Hybrid, which ranked as the third-best-selling plug-in hybrid in the country. [7]
In 2024, Chrysler sold 124,686 vehicles in the US, down slightly from 133,839 units in the previous year. [8]
Chrysler is developing a fully electric version of the Pacifica minivan, which is expected to arrive around 2027. Its future lineup will involve a mix of internal combustion (ICE), hybrid, plug-in hybrid, and battery-electric vehicles (BEV). The brand aims to meet evolving customer needs while managing affordability and range expectations.
8. Dodge
Dodge’s electric muscle car
Parent: Stellantis
Annual Revenue: $14.1 billion+
Dodge has a rich heritage and legacy in the automotive industry, with a history of producing powerful and performance-oriented vehicles. One of their top models, the Durango, has sold over two million units since its introduction in 1998.
Another iconic Dodge model, the Challenger, dominated the muscle car market in 2022, outselling competitors like the Camaro and Mustang with 55,060 units sold. [9]
In the same year, Dodge generated $14.1 billion in annual revenue. The biggest revenue driver was the Executive Cars segment, making up 38% of their total revenue. The second largest segment was SUVs, contributing 37% to Dodge’s earnings. [10]
In 2023, the company sold a total of 199,458 vehicles compared to 190,795 vehicles in 2022. While the numbers look great, if you zoom out a bit, the sales have been reduced by half over the last 10 years. [11]
At the 2025 MotorWeek Drivers’ Choice Awards, the all-new Charger Daytona EV was named Best Sport Coupe, becoming the first EV to win the category. In the same year, Dodge ranked second among mass-market brands in the J.D. Power APEAL (Automotive Performance, Execution, and Layout) Study.
7. Cadillac
Cadillac Celestiq
Parent: General Motors
Annual Revenue: ~$24 billion
Since its inception, Cadillac has been synonymous with luxury and elegance. Their vehicles are renowned for their striking design, attention to detail, and luxurious interiors.
In 2022, the company generated $16 billion in annual revenue, with approximately 36% of the revenue coming from sales of large cars and 32% from sales of luxury cars. The Cadillac Escalade and the Cadillac XT5 stood out as the top-selling cars of the year, with 40,250 units and 27,340 units sold, respectively. [12]
In 2024, Cadillac sold 160,199 vehicles in the USA, compared to 147,215 units in the previous year. [13]
Looking ahead, unit sales are projected to grow to 394,700 vehicles by 2029, with revenue expected to surpass $26 billion by the same year. [14]
In a high-profile move, Cadillac confirmed its entry into Formula 1 in 2026 as the sport’s 11th team, backed by GM and TWG Global. The team will race with Ferrari engines initially and field two seasoned drivers (Sergio Pérez and Valtteri Bottas), adding both credibility and expertise to the program.
6. Buick
Wildcat EV concept by Buick
Parent: General Motors
Annual Sales: 183,421 units (USA, 2024)
Annual Revenue: $24 billion+
Being one of the oldest automobile brands in the world, Buick has a rich heritage and legacy in the automotive industry. It has positioned itself as a mid-tier luxury brand within the General Motors lineup.
Buick operates in only two markets worldwide: China and North America, with China being its largest market. [15]
With over 70% of sales coming from China, Buick sees it as a key growth market for the future. The company is heavily investing in China and is optimistic about increasing its market share in the country.
In 2022, Buick sold 653,122 vehicles in China and 103,468 in the USA, generating $24.7 billion in annual revenue. Notably, 34% of the revenue came from the SUV segment, while 21% came from the Minivan segment. [16]
In 2023, Buick experienced strong growth in the US market, selling 166,852 units, a 61.26% increase from the previous year. Sales continued to rise in 2024, reaching 183,421 units.
5. Jeep
Jeep Wagoneer S
Parent: Stellantis
Annual Sales: 587,725 units (2024)
Annual Revenue: $44 billion+
Jeep is an iconic American automotive brand known for manufacturing rugged, off-road vehicles. Its product lineup consists primarily of SUVs and off-road vehicles, ranging from compact to large-size models.
Jeep Compass, for example, is a compact SUV that offers a balance of comfort and off-road driving experience. It is one of the best-selling Jeep models in 140 countries.
In 2022, the company generated $44.3 billion in worldwide revenue. Most of that money, approximately 93%, came from the sale of SUVs. Pickup trucks were the next most popular option, accounting for 7% of their sales. [17]
Their revenue is projected to remain relatively stable over the next five years, with estimates indicating annual growth of about 0.44% from 2025 to 2029, reaching $51 billion by 2029. [18]
The company continues to excite with imaginative concept vehicles at events like the 2025 Easter Jeep Safari, including the Jeep Convoy, Rubicon Sunchaser, Bug Out 4xe, Wrangler Blueprint, and Gladiator High Top Honcho.
4. General Motors Truck Company
GMC Hummer
Parent: General Motors
Annual Sales: 600,000 units+
General Motors Truck Company (GMC) is a division of General Motors (GM) that focuses on the production of trucks, vans, and SUVs. These vehicles have a strong presence in the North American market, where they compete with other domestic and foreign manufacturers.
Models like the Sierra, Terrain, Yukon, Canyon, and Acadia are highly popular and contribute significantly to GM’s overall sales. In 2022, the GMC Sierra and GMC Terrain emerged as the top-selling models in the USA, with 241,521 and 86,568 units sold, respectively.
In 2022, GMC made a major move by launching its first all-electric off-road pickup, the Hummer EV, as part of GM’s $35 billion investment plan in electric vehicles by 2025. The Hummer EV Pickup competes directly with the Tesla Cybertruck and has garnered praise from both consumers and critics. [19]
In 2024, GMC sold a total of 612,397 vehicles in the US compared to 563,692 in the previous year. The best-selling models were the GMC Sierra, Terrain, and Yukon. [20]
GM’s full-size EV architecture, the BT1 platform (part of the Ultium ecosystem), continues to power the Silverado EV, Sierra EV, and upcoming electric SUVs, including the Tahoe, Suburban, Yukon, and Escalade.
3. Chevrolet
Chevrolet Blazer EV
Parent: General Motors
Annual Revenue: $72.6 billion (2022)
Chevrolet, one of GM’s flagship brands, manufactures a range of vehicles, from economy cars to high-performance sports cars and trucks. Most of its vehicles are known for offering excellent value for money, with competitive pricing, fuel-efficient engines, and a reputation for reliability and longevity.
The Chevrolet Silverado (full-size pickup truck) and Chevrolet Equinox (compact SUV) are among its most popular models. In 2023, they sold 555,148 Silverado trucks and 212,701 Equinox SUVs, demonstrating their strong market performance.
In 2022, Chevrolet generated $72.6 billion in annual revenue, while the total automotive market reached $1.7 trillion. About 27% of Chevrolets came from their pickup trucks, and 18% came from their SUV segment. [21]
In 2024, the company sold 1,745,803 vehicles in the US and 154,107 in Canada, compared to 1,716,268 and 135,484 units in the previous year, respectively. [22]
In 2025, Chevrolet became the second-largest EV seller in the US, behind Tesla. Meanwhile, GM Canada reported strong performance in EVs, led by the Equinox EV, and SUVs such as the Traverse and Silverado.
2. Tesla
Founded in 2003Tesla is the lowest cost car to maintain pic.twitter.com/VJjggL4l1E
— Elon Musk (@elonmusk) April 22, 2024
Majority Ownership: Elon Musk (12.89%)
Annual Sales: 1,773,443 vehicles (2024)
Annual Revenue: $92.7 billion
Tesla has been a pioneer in EV technology, consistently pushing the boundaries of innovation. Besides EVs, the company also develops and sells energy products such as solar panels and energy storage solutions like the Powerwall and Powerpack.
In 2022, Tesla achieved remarkable sales, with over 1.7 million units of the Model 3 and Model Y sold globally. The Model Y emerged as the best-selling plug-in electric vehicle, with worldwide unit sales reaching 771,300. [23]
The following year, in 2023, Tesla’s annual revenue surged to $96.8 billion, an 18.8% increase compared to 2022. The automotive segment contributed significantly to this revenue, generating over $78.5 billion.
With a gross profit of $17.6 billion, Tesla dominated the battery EV market with a 19.9% share. Currently, Tesla is the world’s largest automobile company by market capitalization, with a market cap of over $1 trillion. [24]
However, Tesla was surpassed as the world’s top-selling EV maker for the first time by Chinese automaker BYD. While Tesla sold 1,773,443 vehicles in 2024, BYD reported record sales of 1,764,992 battery-only vehicles for the same period. [25]
In 2025, Tesla decided to halt development of its highly promoted Dojo supercomputer after key leaders left the project. Instead, the company will now rely on partnerships with major suppliers like Nvidia, AMD, and Samsung for AI computing power. To support this shift, Tesla has signed a $16.5 billion chip deal with Samsung.
1. Ford Motor Company
Ford Expedition Platinum Fifth Generation
Majority shareholders: Vanguard Group Inc (8.7%)
Annual Sales: 2.08 million units (2024)
Annual Revenue: $185.2 billion
Ford Motor Company revolutionized the automotive industry by introducing mass production methods, such as the assembly line, which substantially reduced manufacturing costs and made automobiles accessible to the average consumer.
Today, Ford has a diverse lineup of vehicles, including cars, SUVs, trucks, and electric vehicles.
In 2022, the company doubled down on its commitment to EVs by launching a new division called Ford Model E, solely dedicated to electric vehicles. This division, treated as a startup by company officials, aims to turn profitable by 2026.
During the same year, Ford unveiled plans to invest $3.7 billion to employ 6,200 union workers at assembly plants across Missouri, Ohio, and Michigan, with the goal of selling two million EVs annually by 2026. [26]
As of 2023, the Ford F-Series maintained its position as America’s best-selling truck, with the F-150 Hybrid leading as the top-selling full-size hybrid truck and the Ford F-150 Lightning emerging as the top-selling electric truck. In total, Ford sold 750,789 units of the F-Series in 2023.
During the same year, Ford Motor generated $176.19 billion in annual revenue, with $25.64 billion gross profit. [27] The following year, the company increased its total US sales by 4.2%, reaching 2,078,832 vehicles. While Ford brand sales rose by 3.1% to 1,974,009 vehicles, Lincoln achieved stronger growth of 28.1%, reaching 104,823 vehicles.
The company is investing $5 billion to develop a $30,000 mid-size electric truck by 2027, retooling its Louisville plant with a new universal EV platform that supports more efficient assembly.
Other Small American Car Companies
12. Shelby American
Shelby Super Snake
Parent: Carroll Shelby International, Inc.
Shelby American produces high-performance vehicles and components, particularly in collaboration with Ford Motor Company. It offers modern performance upgrades and accessories for various Ford vehicles, including Super Duty trucks and the Mustang F-150.
The company’s legacy is closely tied to its involvement in motorsports, especially in racing. It has achieved remarkable success on the track, winning many prestigious races and awards, including the 24 Hours of Le Mans with the Shelby Daytona Coupe.
Shelby American has revived the legendary GT350 lineup with two powerful variants: GT350 Street Car and GT350R Track-Ready Edition. The former features over 830 hp, carbon fiber components, a roll cage, and is limited to just 36 units.
According to Zippa, the company has an annual revenue of $5.6 million and employs 75 people. This translates to a revenue-per-employee ratio of $74,667. [28]
13. Hennessey Performance Engineering
Founded in 1991HOT SPEC: Discover the new GMC Yukon #DenaliUltimate finished in Downpour Blue metallic with an incredible brown leather interior accent.
This unit is sold! But if you’re in the market for a supercharged General Motors daily driver, contact our team today and let us build you… pic.twitter.com/J9Txw8lV47
— HennesseyPerformance (@HennesseyPerf) July 16, 2025
Owner: John Hennessey
As the name suggests, Hennessey Performance Engineering produces high-performance vehicles and offers aftermarket upgrades. While the company initially focused on tuning and modifying vehicles for enhanced performance, it later expanded its offerings to include complete vehicle builds and limited-production supercars.
Some of its most notable models include the Venom GT and Hennessey CTS-V, which are hand-built to deliver extreme performance and speed. The Venom GT, for instance, could accelerate from 0 to 186 mph in 10 seconds, and only 24 units were built, each costing $1.6 million.
Hennessey Performance Engineering is testing the Venom F5 Evolution Hypercar, developed in collaboration with Ilmor Engineering. This next-generation Venom F5 delivers 2,031 horsepower, making it the most powerful internal-combustion road car ever built. Its powertrain upgrades include precision turbos, billet pistons, and titanium valves.
So far, they have re-engineered 10,000+ vehicles for performance enthusiasts across the world. With a team of 90 dedicated members, Hennessey makes roughly $15 million a year. [29]
14. AM General
Founded in 1974Parent: KPS Capital Partners
AM General is perhaps best known for manufacturing the High Mobility Multipurpose Wheeled Vehicle (HMMWV) commonly known as the military Humvee or civilian Hummer.
The Humvee has been extensively used by the US military and other armed forces worldwide for various purposes, including troop transport, reconnaissance, and logistics.
Besides military vehicles, the company also produces commercial vehicles and components. One notable example is the Mobility Vehicle-1 (MV-1), a wheelchair-accessible vehicle built for passengers with disabilities.
In 2024, AM General secured a massive $8.6 billion delivery order (Titan) from the US Army. They also landed a $27 million contract for engineering, logistics, and support across the HUMVEE family, extending through 2029.
According to RocketReach, the company employs over 1,110 people and generates $252 million in annual revenue. [30]
Read More
- 11 Top Chinese Car Brands | Detailed Overview
- 13 Top German Car Brands with Stats
- 13 Italian Car Brands
- Production stats, 2023 Production Statistics by country, International Organization of Motor Vehicle Manufacturers
- Swapnil Palwel, US automotive industry overview, Market Research Future
- Nick Carey, Aston Martin turns to US EV company Lucid for high-tech help, Reuters
- Financial Results, Lucid announces fourth quarter and full year results, Lucid Motors
- Investors Relations, Rivian releases Q4 2023 and full-year 2023 production figures, Rivian
- Market insights report, Chrysler: market data & analysis, Statista
- Stellantis North America, FCA reports Q4 and full-year 2024 sales results, PR Newswire
- Chrysler Sales Figures, Monthly and Yearly sales figures for Chrysler in the US, GoodCarBadCar
- Dodge blog, Dodge Challenger secures top-selling muscle car of 2022, Miami Lakes Automall
- Market insights report, Dodge: market data & analysis, Statista
- Justin Fischer, Are Jeep, Chrysler, and Dodge headed For the graveyard?, CarEdge
- Cadillac Sales Figures, Monthly and Yearly sales figures for Cadillac in the US, GoodCarBadCar
- Company sales, Cadillac sales by country and year, GM Authority
- Market Insights, Cadillac (passenger cars) worldwide, Statista
- Buick Sales Figures, Monthly and Yearly sales figures for Buick in the US, GoodCarBadCar
- Market insights report, Buick: market data & analysis, Statista
- Market insights report, Jeep: market data & analysis, Statista
- Market Insights, Jeep (passenger cars) worldwide, Statista
- Newsroom, GM will boost EV investments to $35 billion through 2025, GM
- GMC Sales Figures, Monthly and Yearly sales figures for GMC in the US, GoodCarBadCar
- Market insights report, Chevrolet: market data & analysis, Statista
- Company sales, Chevrolet sales by country and year, GM Authority
- Vehicles & Road Traffic, Best-selling plug-in electric vehicle models worldwide, Statista
- Investors Relations, Tesla releases Q4 and full year 2023 financial results, Tesla
- Energy Sector, Tesla overtaken by China’s BYD as world’s biggest EV maker, Financial Times
- Jaclyn Trop, Ford wants to restructure its dealership model to boost EV sales, TechCrunch
- Company Earnings, Ford delivers solid 2023; Provides outlook for healthy 2024, Ford
- Company Revenue, The Shelby Group’s revenue, Zippa
- Company Overview, Hennessey Performance, Zoominfo
- Company Overview, AM General LLC information, RocketReach
