Both General Motors and Ford Motor achieved their highest annual U.S. new vehicle sales since 2019, driven by strong demand and a recovery from pandemic and supply chain issues. The industry as a whole is projected to reach near 16 million vehicle sales in 2024, the best performance since 2019.
Both General Motors and Ford Motor on Friday reported their best annual U.S. new vehicle sales since 2019.on Friday reported their best annual U.S. new vehicle sales since 2019, prior to impacts from the coronavirus pandemic and yearslong supply chain problems.
Those results are in line with industrywide expectations for automakers: Market research firms expected U.S. automakers to report total sales of nearly 16 million vehicles in 2024, which would mark the industry's best year since selling roughly 17 million units in 2019."The driving force for our business is new vehicles with great design and performance across our portfolio, helping our dealers satisfy more customers.
It was a similar trend at Ford, which reported a notable increase in sales of its"electrified" vehicles, including EVs and hybrids.2024 sales of 2.08 million vehicles, up from just under 2 million in 2023. In 2019, the automaker sold 2.42 million vehicles in the U.S. For the fourth quarter, Ford reported an 8.8% year-over-year increase in sales to 530,660 vehicles sold.
That automaker said full-year sales of its vehicles with traditional internal combustion engines increased 0.2% compared to 2023, while sales of electrified vehicles increased 38.3% year over year.nyc weather
AUTOMOTIVE INDUSTRY SALES FORD GENERAL MOTORS ELECTRIC VEHICLES
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