#vehicle-sales

#vehicle-sales

GM and Ford experienced significant growth in vehicle sales in late 2024, signaling optimism for continued market expansion into 2025.

BYD sold 502,757 vehicles in October, marking a 66.5% year-on-year increase, and is set to surpass Ford's sales.

A shift towards purchasing smaller, less costly vehicles is growing as buyers seek affordability amidst rising car prices and economic uncertainties.

The U.S. auto industry is experiencing an 'affordability shift' as consumers opt for lower-priced vehicles due to rising costs.

Pickups have shifted from work vehicles to family-oriented daily drivers, leading to a surge in market popularity.

Americans are turning to small cars due to affordability constraints, rather than preference for larger vehicles.

SUVs dominate the U.S. vehicle market, making up 80% of sales in 2023, up from 47% in 2019.

The U.S. is the second largest automotive market globally.

Stellantis reported a 21% decline in vehicle sales in the U.S. in Q2 2024, with a significant slowdown in plug-in hybrid sales compared to previous quarters.

California new car dealers face flat start in 2024, with sluggish sales compared to the rest of the nation.

The Tesla Cybertruck was the best-selling vehicle priced over $100,000 in the U.S. in June, impacting Tesla's average transaction prices positively.

American Honda reported 1.1% improvement in vehicle sales in the US in June, with 1% of total volume being all-electric cars, which started delivering in April.

Kia's global vehicle sales in April up 0.6% YoY, surpassing 1 million in first four months. All-electric car sales surged, expecting further growth with new models.