DETROIT On Friday, Ford Motor Company and General Motors announced their highest yearly sales of new cars in the United States since 2019, before the effects of the coronavirus pandemic and years-long supply chain issues.
These outcomes are consistent with what the industry expects from automakers. According to market research agencies, the industry’s best year since selling around 17 million vehicles in 2019 would be 2024, when U.S. manufacturers reported total sales of almost 16 million vehicles.
On Friday, a number of other automakers, including Hyundai, Honda, and Toyota, announced single-digit annual sales increases, which were roughly consistent with industry estimates.
GM continued to be the best-selling carmaker in the nation, followed by Toyota and Ford.
More than 2.7 million cars were sold in 2024, according to GM, a 4.3% increase over the previous year. In 2019, the carmaker sold 2.9 million units.
New cars with outstanding performance and design throughout our lineup are what propel our company forward and assist our dealers win over more clients. In a statement, GM President of Global Markets Rory Harvey stated, “We’re carrying significant momentum into 2025.”
All four of GM’s U.S. brands saw growth in sales, and the company reported that sales of electric vehicles had increased by around 50% to over 114,400 units.
Even while EV sales have significantly increased, they still only account for 4.2% of the automaker’s total sales. In the fourth quarter, GM calculated that their EV market share in the US was 12%.
Ford saw a similar pattern, reporting a significant rise in sales of its electric cars, including hybrids and EVs.
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Sales of cars increased from just under 2 million in 2023 to 2.08 million in 2024, according to Fordon Friday. The carmaker sold 2.42 million cars in the United States in 2019. Ford announced sales of 530,660 automobiles during the fourth quarter, an 8.8% year-over-year gain.
According to the company, full-year sales of its conventional internal combustion engine vehicles rose by 0.2% from 2023 to 2024, while sales of its electric vehicles rose by 38.3%.
Hybrids and electric cars (EVs) accounted for 13.7% of Ford’s total yearly sales.
In comparison to 2023 totals, the following additional U.S. sales were recorded on Friday:
- Toyota reported a 3.7% uptick in sales for 2024, despite a 7.1% decline in December. The company sold more than 2.3 million vehicles last year.
- Honda reported an 8.8% increase in sales last year to 1.4 million vehicles, including a 9.9% increase during the last month of the year.
- Hyundai brand s sales increased roughly 4% during 2024 to a new record of more than 836,800 vehicles.
- Kia, a sibling company to Hyundai, also reported record U.S. sales of 796,488 vehicles in 2024, up 1.8% from its prior record set in 2023.
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