US light vehicle market ends 2024 on a high as December sales surge – GlobalData [Yahoo! Finance]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance
Despite the fact that December 2024 contained one fewer selling day than the same month a year earlier, sales showed impressive strength as 2024 came to a close. For 2024 as a whole, sales totaled almost 16.0 million units, growing by 2.7% YoY, making the year comfortably the best for the industry since 2019. US LV sales totaled 1.51 million units in December, according to GlobalData. The annualized selling rate for the month was 17.1 million units/year, up from 16.7 million units/year in November. This was the strongest rate since April 2021, as some OEMs appeared to reap the rewards of end-of-year sales events, along with relatively plentiful inventory and improved consumer credit availability. The daily selling rate was estimated at 60.5k units/day in December, up from 53.0k units/day in November. According to initial estimates, retail sales totaled 1.28 million units in December, while fleet sales were thought to reach 229k units, accounting for 15.1% of total volumes. General
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