Back to today’s briefing

Story perspectives

Ford and GM Achieve Record Vehicle Sales in 2024

1/4/2025

50 5

Summary

Ford and GM Resurgence

In 2024, Ford and General Motors celebrated a remarkable resurgence in U.S. vehicle sales, achieving their highest numbers since 2019. Ford sold 2.08 million vehicles, marking a 4.2% rise, while GM surpassed 2.7 million, up 4.3%. Both automakers thrived in the electric vehicle market, with Ford's EV sales soaring by 38% and GM's nearly doubling with a 50% increase.

Summary

Ford Vehicle Recall

Ford is taking action to recall more than 400,000 vehicles, including nearly 300,000 diesel trucks, due to dangerous fuel pump defects that could lead to power loss and potential crashes. Additionally, 20,000 hybrid crossovers face battery issues, while 47,818 Lincoln Nautilus models have faulty window systems. Owners will be notified starting January 13, 2025, and free repairs will be provided.

History

Historical Context

In 2024, Ford and General Motors marked a significant recovery in U.S. vehicle sales, their highest since 2019, driven by robust electric vehicle (EV) sales. This resurgence echoes the 1990s, when regulatory changes spurred early EV development, notably GM's EV1. The shift towards electrification today reflects ongoing pressures for sustainability and innovation in the auto industry, reminiscent of past transitions.

1 of 3

Ford and GM Resurgence

In 2024, Ford and General Motors celebrated a remarkable resurgence in U.S. vehicle sales, achieving their highest numbers since 2019. Ford sold 2.08 million vehicles, marking a 4.2% rise, while GM surpassed 2.7 million, up 4.3%. Both automakers thrived in the electric vehicle market, with Ford's EV sales soaring by 38% and GM's nearly doubling with a 50% increase.

1 / 3