Story perspectives
2025 Vehicle Sales Forecast: 16.3M Units, EVs Soar
1/7/2025
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Story summary
- Cox Automotive forecasts 2025 new-vehicle sales at 16.3 million units, a 3% rise from 2024.
- Electrified vehicles are expected to represent 25% of sales, with EVs comprising 10% of the market.
- Improving economic conditions are enhancing vehicle affordability and boosting consumer confidence.
- General Motors led 2024 sales, followed by strong performances from Honda and Mazda.
