Ford and General Motors Report a Sales Surge, Especially for E.V.s

General Motors and Ford Motor both reported strong increases in vehicle sales in the United States in the final three months of 2024, with G.M. seeing a 21 percent rise to over 755,000 cars and light trucks, including a doubling of electric vehicle sales. Ford sold over 530,000 vehicles, marking a nearly 9 percent gain, with 30,176 electric vehicles sold. Both companies experienced a 4 percent increase in full-year sales, while Tesla saw a slight drop in 2024 worldwide sales. Cox Automotive predicts a 2 percent rise in U.S. vehicle sales for 2024, with further growth expected in 2025 due to positive economic indicators.

Full Article