Ford, GM Post Highest Annual US Sales Since 2019 [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
Ford and GM reported more new vehicles sold in the U.S. in 2024 than any year since 2019. Both companies reported large electric vehicle sales gains in 2024. Ford shares fell 19% last year, while those of GM jumped 48%. Ford Motor ( F ) and General Motors ( GM ) on Friday reported their best annual U.S. new vehicle sales figures since before the pandemic. Ford sold 2.08 million vehicles in 2024, up 4% year-over-year and its highest number since 2.42 million in 2019. Fourth-quarter sales increased 9%. GM sold 2.7 million vehicles last year, 4% more than in 2023 and its most since selling 2.89 million in 2019. Its fourth-quarter sales rose 21%. Both companies reported gains in electric vehicles (EVs). Ford sold a total of 285,291 hybrid, plug-in hybrid and electric vehicles, up 38%, while GM's EV sales jumped 50% to 114,432 vehicles. Shares of Ford rose 2.6% intraday Friday, while those of GM gained 0.6%. Ford stock fell 19% in 2024, while GM's jumped 48%. Read the orig
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