us car sales

US car sales get year-end boost from Trump’s threat to end EV tax credits

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US car sales get year-end boost from Trump’s threat to end EV tax credits

The threat by President-elect Donald Trump to end tax credits for electric vehicles helped lift sales in the fourth quarter, giving US automakers a much-needed boost after a disappointing year.At General Motors Co., EV sales more than doubled to almost 44,000 in the quarter. Ford Motor Co. saw a 16% jump in the category to … Read more

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

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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