U.S. new-car sales in 2024 are expected to exceed 15.8 million, marking the highest level since 2019, largely due to replenished inventories and elevated consumer incentives.
'It's been a volatile year for the new-vehicle market, but it is expected to finish on a high note,' said Charlie Chesbrough, senior economist at Cox Automotive, highlighting market resilience.
Stellantis faced challenges in 2024, with a drop in sales across its popular brands, due in part to aggressive pricing strategies and leadership changes.
U.S. EV sales are projected to reach approximately 1.3 million units by year-end, showing an increase in consumer acceptance and interest in electric vehicles.
Collection
[
|
...
]