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Automakers ended 2024 with strong sales that were aided by increased interest in electric models. General Motors was the top manufacturer. It sold more than 2.7 million new vehicles last year, a 4 percent sales increase over 2023.
Toyota came in second place with sales of 2,332,623 units, an increase of 3.7 percent.
EV models made inroads in 2024. GM had its best year ever for EVs. The company sold 114,432 electric models, a 50 percent increase over 2023. New and refreshed models helped propel GM. The company’s Chevrolet Trax subcompact SUV model (shown above), which starts at under $25,000, saw its sales increase 84 percent in 2024 to 200,689 units.
GM had total 2024 sales of 2,705,080 new vehicles. Of that number, 1,745,809 were Chevrolet models, a gain of about 2 percent. GM’s luxury brand Cadillac sold 49,084 new models, a 35 percent increase over 2023. Buick sales rose about 10 percent to 183,421, while the GMC brand reported a 9 percent jump to 614,117.
Like GM, Toyota had its best year ever for EV sales. Electrified vehicle sales totaled 1,006,461 – an increase of 53.1 percent. The company offers 30 EV models across its Toyota and Lexus brands. Lexus had its best year in its 35-year history. Toyota plans to begin battery production at its new $13.9 billion plant in North Carolina in 2025.
Ford Motor Company saw its overall retail sales grow 6 percent in 2024, with electrified vehicles sales (hybrid, plug-in hybrid and electric) climbing 38 percent to 285,291 units. Lincoln delivered its best annual sales in 17 years with sales of the Nautilus and Aviator models up 28 percent to 104,823. The F-Series remained the best-selling truck in the United States for the 48th straight year.
By itself, the Ford brand saw full-year sales increase 4 percent with a total of 2,078,832 models sold.
Among other automakers, Honda (and Acura) saw sales of 1,423,857 vehicles, an increase of 8.8 percent. EV and hybrid sales were up 19 percent for Honda. Nissan saw its sales increase 2.8 percent to 924,008 units.
Hyundai set a U.S. sales record with more than 836,800 vehicles sold, a 4 percent increase over 2023. Kia set another sales record as well with nearly 797,000 units sold. Mazda’s sales increased 16.8 percent in 2024 to 424,382 vehicles sold.
Having a difficult year was Stellantis, which builds Ram, Chrysler, Dodge and Fiat models. Its U.S. sales crashed, dropping 15 percent from 2023. It sold 1.3 million vehicles. Ram trucks sales were down 16 percent to 373,120 units. Jeep sales declined 9 percent to 587,725 sold.
(Photos courtesy of Chevrolet, Toyota and Ford)
