Ford and General Motors Report a Sales Surge, Especially for E.V.s [The New York Times]
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Source: The New York Times
General Motors and Ford Motor each reported strong increases in vehicle sales in the United States in the final three months of 224 amid rising expectations for continued growth in the new year.G.M. said its fourth-quarter sales rose 21 percentFord sold more than 53, vehiclesFor the full year, G.M. sold 2.7 million cars and trucks, and Ford nearly 2.1 million vehicles, with each company seeing a rise of just over 4 percent.On Thursday,Tesla, the E.V. leader, announced a slight dropOther automakers are expected to report their sales totals later on Friday.Cox Automotive, a market researcher, has estimated that the industry sold 15.85 million cars and light trucks in the United States in 224, which would be a 2 percent rise over 223.Cox is forecasting further growth this year, with vehicle sales rising to 16.3 million cars and trucks.Consumer sentiment, wages and other economic indicators are working in favor of higher vehicle sales, said Jonathan Smoke, Cox’s senior economist.“Wages a
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