U.S. Auto Industry Rebounds To 16M Sales In 2024, As GM, Ford And Toyota Drive The Push Toward Electrification
The U.S. auto industry ended 2024 on a high note, selling nearly 16 million vehicles. That's a 2% bump from the previous year and the best numbers since 2019, when sales peaked at 17 million. According to S&P Global Mobility, the recovery shows real momentum despite rising costs and inflation challenges. "Given the affordability and inflationary headwinds, it's probably a decent year," said Stephanie Brinley, Associate Director at S&P Global Mobility. "It's moving in the direction we need to mov