By Nora Eckert
January 3, 2025 – 3:29 AM PST
Advertisement
DETROIT (Reuters) – U.S. new-car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories and higher incentives, analysts estimated.
Sales are expected to top 15.8 million, the highest level since 2019, with General Motors (GM.N) defending its 2023 sales crown, they said.
“It’s been a volatile year for the new-vehicle market, but it is expected to finish on a high note,” said Charlie Chesbrough, senior economist at Cox Automotive.
Those strong sales have been supported by what GM Chief Financial Officer Paul Jacobson called a “remarkably” resilient consumer. The Detroit automaker’s sales…
