U.S. Auto Sales Reach Pre-Pandemic Levels with Ford and GM Leading the Charge
In a remarkable recovery, General Motors and Ford have reported their highest annual U.S. sales since 2019, driven by a significant surge in electric vehicle (EV) and hybrid sales. GM has emerged as the top-selling automaker in the U.S., achieving a 4% sales growth in 2024 and solidifying its position as the number two EV seller in America, with a stunning 125% increase in EV sales this year. Meanwhile, Ford experienced a sales rise of 4.2%, with its EV sales soaring by an impressive 38% in 2024, leading to a strong fourth-quarter performance characterized by a 9% surge in total U.S. sales. This resurgence is notable as both companies have outpaced Tesla in EV sales growth, boosting their stock performance amid a challenging market environment. The robust sales figures highlight a growing consumer preference for EVs alongside traditional vehicles, indicating a dynamic shift in the automotive landscape.
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