Attendees view the 2025 Ford Bronco Stroppe Special Edition through the AutoMobility LA 2024 auto present on the Los Angeles Convention Center on November 21, 2024.
Robyn Beck | Afp | Getty Images
DETROIT – Both General Motors and Ford Motor on Friday reported their finest annual U.S. new car gross sales since 2019, previous to impacts from the coronavirus pandemic and yearslong provide chain issues.
Those outcomes are according to industrywide expectations for automakers. Market analysis companies anticipated U.S. automakers to report total sales of nearly 16 million autos in 2024, which might mark the business’s finest 12 months since promoting roughly 17 million items in 2019.
Several different automakers on Friday similar to Toyota Motor, Hyundai Motor and Honda Motor reported single-digit annual gross sales will increase, additionally largely according to business expectations.
GM remained the nation’s top-selling automaker, adopted by Toyota after which Ford.
GM reported 2024 gross sales of greater than 2.7 million autos, up 4.3% from a year earlier. The automaker bought 2.9 million items in 2019.
“The driving drive for our enterprise is new autos with nice design and efficiency throughout our portfolio, serving to our sellers fulfill extra prospects. We’re carrying important momentum into 2025,” Rory Harvey, GM president of world markets, stated in a launch.
GM stated gross sales have been pushed by will increase in all 4 of its U.S. manufacturers in addition to a roughly 50% rise in gross sales of electrical autos to greater than 114,400 items.
Despite the notable leap in EV gross sales, the autos solely made up 4.2% of the automaker’s general gross sales. GM estimated it achieved a 12% EV market share within the U.S. through the fourth quarter.
It was an analogous development at Ford, which reported a notable improve in gross sales of its “electrified” autos, together with EVs and hybrids.
Ford on Friday reported 2024 gross sales of two.08 million autos, up from slightly below 2 million in 2023. In 2019, the automaker bought 2.42 million autos within the U.S. For the fourth quarter, Ford reported an 8.8% year-over-year improve in gross sales to 530,660 autos bought.
That automaker stated full-year gross sales of its autos with conventional inside combustion engines elevated 0.2% in contrast with 2023, whereas gross sales of electrified autos rose 38.3% 12 months over 12 months.
Electrified autos, together with hybrids and EVs, represented 13.7% of Ford’s complete annual gross sales.
Here are different U.S. gross sales reported Friday in contrast with 2023 totals:
- Toyota reported a 3.7% uptick in gross sales for 2024, regardless of a 7.1% decline in December. The firm bought greater than 2.3 million autos final 12 months.
- Honda introduced an 8.8% improve in gross sales final 12 months to 1.4 million autos, together with a 9.9% rise over the past month of the 12 months.
- Hyundai model’s gross sales elevated roughly 4% throughout 2024 to a report of greater than 836,800 autos.
- Kia, a sibling firm to Hyundai, additionally reported report U.S. gross sales of 796,488 autos in 2024, up 1.8% from its prior report set in 2023.
