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The Detroit automaker shrugged off a hit from a costly auto strike to report U.S. new vehicle sales of about 2.6 million units for 2023, up 14.1% from 2022, while Toyota's annual sales rose 6.6% ...
This decline is also impacting Tesla, which has seen its share of EV sales shrink in 2024. WHAT'S NEXT. US auto sales are set to hit 16.18 million units in 2025, up 1.2% from this year, according ...
Figures released on Thursday showed that vehicle production has dropped dramatically in all of Nissan's major markets this year except Mexico, where it rose nearly 10% compared to 2023.
Several U.S. auto retailers reported dour fourth-quarter profits this week, as price cuts and incentives to lure in buyers in a turbulent economy put a strain on new-vehicle margins. Higher ...
GM also forecast total US auto industry sales to hit 16 million in 2024, which would be a strong improvement post-pandemic; only 13.4 million vehicles were sold in 2022, the lowest in a decade.
Undeterred by high prices, rising interest rates, autoworker strikes and a computer-chip shortage that slowed assembly lines, American consumers still bought 15.6 million new vehicles last year ...
Earnings reports were mixed in terms of the company's sales in the first quarter of 2024, with retail sales growing by 6%, the company said — but, its entire business unit (GM Envolve), which ...
Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.