Ford, GM Post Highest Annual US Sales Since 2019

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Key Takeaways

• Ford and GM reported more new vehicles sold in the U.S. in 2024 than any year since 2019.
• Both fellowships reported large electric vehicle sales gains in 2024.
• Ford shares fell 19% last year, while those of GM leaped 48%.

Ford Motor (F) and General Motors (GM) on Friday reported their best annual U.S. new vehicle sales figures since sooner than 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 instruments last year, 4% more than in 2023 and its most since selling 2.89 million in 2019. Its fourth-quarter in stocks rose 21%. 

Both companies reported gains in electric vehicles (EVs). Ford sold a total of 285,291 hybrid, plug-in mongrel 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 get better 0.6%. Ford stock fell 19% in 2024, while GM’s jumped 48%.