Reported 3 days ago
In 2024, new vehicle sales in the U.S. rose by 2.7% due to slight decreases in prices and interest rates, allowing for more affordable options among SUVs, cars, and trucks. Despite high average sales prices exceeding $47,000, over 16 million vehicles were sold, marking the best sales year since 2019. Electric vehicle sales increased by 8.8%, though growth slowed compared to previous years. Industry experts anticipate better discounts and financing options as 2025 progresses, especially from automakers struggling with high inventory.
Source: YAHOO