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GM, Ford 2024 U.S. sales are best since 2019
Attendees view the 2025 Ford Bronco Stroppe Special Edition during the AutoMobility LA 2024 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 reported their best annual U.S. new vehicle sales since 2019, prior to impacts from the coronavirus pandemic and yearslong supply chain problems.
GM reported 2024 sales of more than 2.7 million vehicles, up 4.3% from a year earlier. The automaker sold 2.9 million units in 2019.
“The driving force for our business is new vehicles with great design and performance across our portfolio, helping our dealers satisfy more customers. We’re carrying significant momentum into 2025,” Rory Harvey, GM president of global markets, said in a release.
Ford on Friday reported 2024 sales of 2.08 million vehicles, up from just under 2 million in 2023. In 2019, the automaker sold 2.42 million vehicles in the U.S. For the fourth quarter, Ford reported an 8.8% year-over-year increase in sales to 530,660 vehicles sold.
That automaker said full-year sales of its vehicles with traditional internal combustion engines increased 0.2% compared to 2023, while sales of electrified vehicles increased 38.3% year over year.
Electrified vehicles, including hybrids and EVs, represented 13.7% of Ford’s total annual sales.
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General Motors (GM) and Ford have reported their highest U.S. sales numbers since 2019, signaling a strong comeback for the two automakers. Despite the challenges brought on by the ongoing pandemic, both companies have seen a significant increase in sales for the year 2024.
GM, known for its popular brands such as Chevrolet, GMC, and Cadillac, reported a 15% increase in sales compared to the previous year. This growth can be attributed to the strong demand for trucks and SUVs, as well as the introduction of new electric vehicles into their lineup.
Ford, on the other hand, saw a 12% increase in sales for the year, with their F-Series trucks continuing to be a top-selling vehicle in the U.S. market. The company’s commitment to expanding their electric vehicle offerings has also contributed to their sales success.
Overall, the resurgence of GM and Ford in the U.S. market is a positive sign for the automotive industry as a whole. With consumers showing a strong interest in their vehicles, both companies are well-positioned for continued success in the years to come.
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