Both General Motors and Ford Motor reported their highest annual US new vehicle sales since 2019, driven by strong demand and easing supply chain issues. The results align with industry projections for a robust year in the automotive market.
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.
"The driving force for our business is new vehicles with great design and performance across our portfolio, helping our dealers satisfy more customers. We're carrying significant momentum into 2025," Rory Harvey, GM president of global markets, said in a release.GM said sales were driven by increases in all four of its U.S. brands as well as a roughly 50% increase in sales of electric vehicles to more than 114,400 units.
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.Animals and Wildlife
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