General Motors and Ford Motor each reported strong increases in U.S. vehicle sales in the final three months of 2024 amid rising expectations for continued growth in the new year, reported the New York Times.
“GM said its fourth-quarter sales rose 21% from the period a year earlier, to more than 755,000 cars and light trucks. The company’s sales of electric vehicles more than doubled to 43,982 vehicles. Ford sold more than 530,000 vehicles in the quarter, a gain of nearly 9%. That included 30,176 electric vehicles, an increase of 16%,” wrote the NYT.
For the full year, GM sold 2.7 million cars and trucks, and Ford nearly 2.1 million vehicles, with each company seeing a rise of just over 4%.
Cox Automotive, a market researcher, estimated that the industry sold 15.85 million cars and light trucks in the United States in 2024, which would be a 2% increase from 2023.
GM’s and Ford Motor’s rising EV sales comes at a time when Tesla reported its first annual drop in electric vehicle deliveries in more than a decade.
Full article General Motors and Ford See Increased EV Sales | NACS
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