US new vehicle sales rose 2.7% last year as prices and interest rates dropped a little New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable.
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.
General Motors finished the year with the U.S. sales crown, posting a 4.3% increase for the year, its best performance since 2019.
Electric vehicle sales rose 8.8% for the year to just under 1.3 million, beating 2023's record of 1.19 million.
Toyota reported a 3.7% sales jump, while Ford sales rose 4.2%.
