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Attendees view the 2025 Ford Bronco Stroppe Special Edition during the 2024 AutoMobility LA auto show at the Los Angeles Convention Center on November 21, 2024.
Robyn Beck | Afp | Getty Images
DETROIT – Both General Motors and Ford Motor On Friday, it reported its best annual sales of new vehicles in the United States since 2019, before the impacts of the coronavirus pandemic and years of supply chain problems.
Those results are in line with industry expectations for automakers. Market research firms expect US automakers to report total sales of nearly 16 million vehicles in 2024, which would mark the industry’s best year since sales of about 17 million units in 2019.
“The driving force for our business is new vehicles with great design and performance across our portfolio, helping our dealers to satisfy more customers. We have brought significant momentum into 2025,” Rory Harvey, president of GM of the world markets, he said in a press release.
GM reports 2024 sales of more than 2.7 million vehicles, up 4.3% from a year earlier. The car sold 2.9 million units in 2019.
GM said sales were driven by increases in all four U.S. brands and a roughly 50% increase in electric vehicle sales to more than 114,400 units.
It was a similar trend to Ford, which reported a notable increase in sales of its “electrified” vehicles, including EVs and hybrids.
Ford on Friday reported 2024 sales of 2.08 million vehicles, from just under 2 million in 2023. In 2019, the automaker sold 2.42 million vehicles in the United States. .
That manufacturer said full-year sales of its vehicles with traditional internal combustion engines increased by 0.2% compared to 2023, while sales of electrified vehicles increased by 38.3% year on year.
Electrified vehicles, including hybrids and EVs, account for 13.7% of Ford’s total annual sales.
This is a developing story. Please check back for more details.
