General Motors reported a robust 21% rise in fourth-quarter vehicle sales, reaching over 755,000 units, with electric vehicle sales more than doubling to 43,982.
Ford Motor's sales increased nearly 9% in the same quarter, totaling over 530,000 vehicles, of which electric vehicle sales grew by 16% to 30,176.
Despite Tesla's first decline in worldwide sales ever in 2024, its fourth-quarter performance reached a record, highlighting the competitive challenge ahead.
Cox Automotive's forecast indicates a potential rise in U.S. vehicle sales to 16.3 million by 2025, driven by improving economic indicators and consumer sentiment.
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