Advertisement
Supported by
General Motors was the biggest winner in U.S. sales in the final quarter, with a gain of 21 percent. It more than doubled its electric vehicle sales.
Neal E. Boudette
Automakers closed 2024 with strong sales in the United States in the final three months of the year, helped by a surge in demand for electric models.
The gains were led by General Motors, which said on Friday that its fourth-quarter sales rose 21 percent from a year earlier, to more than 755,000 cars and light trucks. Its electric-vehicle sales in the quarter more than doubled, to nearly 44,000, making G.M. the second-largest E.V. seller after Tesla.
Ford Motor sold more than 530,000 vehicles in the quarter, a gain of nearly 9 percent. Ford’s E.V. sales climbed 16 percent, to more than 30,000 vehicles.
Honda Motor reported a gain of 9 percent in the fourth quarter, while Hyundai and Nissan each said their sales climbed 10 percent.
Not every company came out ahead. Toyota posted a 3 percent decline in quarterly sales, while Stellantis, the maker of Jeep, Chrysler and Ram vehicles, reported its sales fell 7 percent.
Cox Automotive, a market researcher, said it expected auto sales to grow 2.8 percent this year, to 16.3 million cars and trucks. Jonathan Smoke, Cox’s chief economist, said consumer sentiment, wages and other economic factors were adding to demand.
We are having trouble retrieving the article content.
Please enable JavaScript in your browser settings.
Thank you for your patience while we verify access. If you are in Reader mode please exit and log into your Times account, or subscribe for all of The Times.
Thank you for your patience while we verify access.
Already a subscriber? Log in.
Want all of The Times? Subscribe.
Advertisement
