US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little [Yahoo! Finance Canada]
Toyota Motor Corporation (TM)
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Source: Yahoo! Finance Canada
Industry analysts say discounts such as rebates and low-interest financing should get even better as 2025 rolls along, with the biggest deals to be had at dealerships representing automakers that had trouble selling in 2024. Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. It was the best year for sales since 2019, before the coronavirus pandemic hit. But prices were still 27% above what they were in 2019. Electric vehicle sales rose 8.8% for the year to just under 1.3 million, beating 2023's record of 1.19 million. That's slower growth than the 47% increase in 2023, and EVs face an uncertain future with the possibility that President-elect Donald Trump will scrap a $7,500 tax credit when he takes office later this month. Gas-electric hybrids kept rising in popularity with just over 1.6 million sold, a 36% increase over 2023. General Motors finished the year with
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- 11/25/24 - Form 6-K
- TM's page on the SEC website