U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported.
Sales are expected to near 16 million vehicles, the highest level since 2019, with General Motors defending its 2023 sales crown. Automakers are projecting strong results to continue into 2025, although President-elect Donald Trump’s proposed automotive policies, such as removing tax credits for EVs, present a wild card.
Related: Collision Claim Trends to Watch in 2025
“We’re carrying significant momentum into 2025,” Rory Harvey, GM’s head of global markets,