U.S. New-Car Sales Reach Five-Year High in 2024 Driven by Consumer Demand - PRESS AI WORLD
PRESSAI
All categories
Recent Posts
side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
Contact Phone:
Economy

U.S. New-Car Sales Reach Five-Year High in 2024 Driven by Consumer Demand

share-iconFriday, January 03 comment-icon2 weeks ago 6 views
News sources:
reutersREUTERS
U.S. New-Car Sales Reach Five-Year High in 2024 Driven by Consumer Demand

Credited from: REUTERS

  • In 2024, **U.S. new-car sales** are projected to surpass **15.8 million**, marking the highest level since **2019**.
  • Sales growth was aided by **replenished inventories** and increased buyer **incentives**, according to analysts.
  • Notably, **General Motors** is on track to retain its **sales crown**, estimating close to **2.7 million** units sold this year.
  • While most automakers performed well, both **Stellantis** and **Tesla** experienced declines in year-over-year sales.
  • The **demand for electric vehicles** is also climbing, with expectations of nearly **1.3 million** EVs sold, as buyers aimed to benefit from **tax credits**.

For further details, visit the original article on Reuters.

Gallery

SHARE THIS ARTICLE:

TAGS:

New-car sales 2024 U.s. market Electric vehicles Automotive industry
author-dp

Author:

Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

nav-post-picture
date-iconJanuary 03, 2025 Crisis of Work: Insights from the Amazon and Starbucks Strikes
date-iconJanuary 03, 2025 Senate Armed Services Committee Probing Allegations Against Pete Hegseth Ahead of Confirmation Hearings
nav-post-picture
Related Posts
main-post-image
POLITICS
Minnesota Vikings Extend Coach Kevin O'Connell's Contract Following Successful Season
date-iconJan 22, 2025
main-post-image
WORLD NEWS
NEET PG 2024 Round 3 Counselling Schedule Released; Registration Extended until January 22, 2025
date-iconJan 21, 2025
main-post-image
POLITICS
Trump Declares 'National Energy Emergency' to Boost Fossil Fuels and U.S. Energy Independence
date-iconJan 21, 2025
main-post-image
WORLD NEWS
Biden Reflects on His Journey and Urges Hope on Final Day in South Carolina
date-iconJan 19, 2025
main-post-image
POLITICS
Schumer Advised Biden to Withdraw from 2024 Presidential Race After Weak Debate Performance
date-iconJan 17, 2025
main-post-image
WORLD NEWS
Keir Starmer Visits Auschwitz, Vows to Combat Growing Antisemitism in the UK
date-iconJan 17, 2025

Stay Connected

main-post-image
World News
Southern California Faces Elevated Wildfire Risk as Powerful Winds Return
date-icon January 21, 2025
main-post-image
World News
Jannik Sinner Dominates Alex de Minaur to Secure Spot in Australian Open 2025 Semifinals
date-icon January 22, 2025
main-post-image
World News
Gaël Monfils and Learner Tien Shine at Australian Open 2025, Defying Age and Expectations
date-icon January 18, 2025
main-post-image
Politics
Trump’s Inaugural Rally: A Look Ahead to Policy Changes and Political Reactions
date-icon January 20, 2025

Tags

Stay informed effortlessly with PRESS AI WORLD, the AI-powered news summarizer that delivers concise, easy-to-read global headlines tailored to your interests.

Categories

Recent Posts

side-post-image
Over One Million Flee Sudan Conflict to South Sudan, UN Reports
user-iconGloria Terra
side-post-image
Desperate Gazans Unearth Bodies Amidst Ruins, Seeking Dignified Graves for Lost Loved Ones
user-iconGloria Terra
© 2025 All rights reserved | PRESS AI WORLD