Attendees view the 2025 Ford Bronco Stroppe Particular Version through the AutoMobility LA 2024 auto present on the Los Angeles Conference Middle on November 21, 2024.
Robyn Beck | Afp | Getty Pictures
DETROIT – Gross sales of latest autos within the U.S. continued to rise final yr, rebounding from historic lows brought on by the coronavirus pandemic and provide chain shortages through the previous 4 years.
American legacy automakers Common Motors and Ford Motor on Friday each reported their greatest annual U.S. new automobile gross sales since 2019, led by progress of electrified autos similar to all-electric and hybrid fashions.
These outcomes are in step with industrywide expectations for automakers. Market analysis corporations anticipated U.S. automakers to report whole gross sales of practically 16 million autos in 2024, which might mark the business’s greatest yr since promoting roughly 17 million models in 2019.
“We obtained to only beneath 16 million models, it seems like, for 2024, with strengthening within the final quarter,” stated Stephanie Brinley, affiliate director of AutoIntelligence at S&P International Mobility. “Given a few of the affordability and inflationary headwinds, it is in all probability an honest yr … It is transferring within the route we have to transfer.”
Auto gross sales in 2025 are anticipated to proceed to develop however nonetheless are available shy of 2019 volumes. S&P International Mobility and Edmunds anticipate gross sales of roughly 16.2 million autos this yr.
A number of different automakers on Friday similar to Toyota Motor, Hyundai Motor and Honda Motor reported single-digit annual gross sales will increase, additionally largely in step with business expectations.
GM remained the nation’s top-selling automaker, adopted by Toyota after which Ford. Hyundai, together with its sibling Kia, ranked fourth, adopted by Honda after which Chrysler guardian Stellantis, which has skilled important gross sales declines in recent times.
GM, Ford and Stellantis shares
Stellantis, previously Fiat Chrysler, reported annual gross sales of roughly 1.3 million autos in 2024 – marking its worst yr since 2010, when its predecessor was nonetheless recovering from chapter.
Gross sales outcomes
GM reported 2024 gross sales of greater than 2.7 million autos, up 4.3% from a yr earlier. The automaker bought 2.9 million models in 2019.
“The driving power for our enterprise is new autos with nice design and efficiency throughout our portfolio, serving to our sellers fulfill extra clients. We’re carrying important momentum into 2025,” Rory Harvey, GM president of worldwide markets, stated in a launch.
GM stated gross sales had 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 models.
Regardless of the notable bounce 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 identical 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 just 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% yr over yr.
Electrified autos, together with hybrids and EVs, represented 13.7% of Ford’s whole annual gross sales.
Listed here are different U.S. gross sales reported Friday in contrast with 2023 totals:
- Stellantis reported a 15% decline in U.S. gross sales to roughly 1.3 million autos bought. The largest gross sales drop among the many firm’s manufacturers was a 29% decline for Dodge, adopted by 19% declines for Ram Vehicles and Alfa Romeo. Its widespread Jeep model noticed gross sales decline by 9%.
- Toyota reported a 3.7% uptick in gross sales for 2024, regardless of a 7.1% decline in December. The corporate bought greater than 2.3 million autos final yr.
- Honda introduced an 8.8% improve in gross sales final yr to 1.4 million autos, together with a 9.9% rise over the past month of the yr.
- Hyundai model’s gross sales elevated roughly 4% throughout 2024 to a file of greater than 836,800 autos.
- Kia, a sibling firm to Hyundai, additionally reported file U.S. gross sales of 796,488 autos in 2024, up 1.8% from its prior file set in 2023.
