US new car sales rose to five-year high in 2024, helped by hybrids

US new car sales rose to five-year high in 2024, helped by hybrids

U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday. Sales are expected to near 16 million vehicles, the highest level since 2019, with General Motors defending its 2023 sales crown. Automakers are projecting strong results to … Read more