Reported 3 days ago
US new-car sales in 2024 have surged to their highest level since 2019, surpassing 15.8 million units, largely due to recovering inventories and increased incentives. General Motors leads the market with nearly 2.7 million sales, but Tesla and Stellantis experienced year-over-year declines. Tesla's sluggish sales stem from heightened competition and an aging product line, while Stellantis faced challenges linked to its pricing strategies. Despite these setbacks, electric vehicle purchases are on the rise, projected to reach 1.3 million units, or about 8% of total sales.
Source: YAHOO