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US first-quarter auto sales grew nearly 5% despite high interest rates, but EV growth slows further
- New vehicle sales in the U.S. rose nearly 5% from January through March, with automakers selling nearly 3.8 million vehicles in the first quarter.
- Electric vehicle sales grew only 2.7% to just over 268,000 during the quarter, with EV share of total U.S. sales falling to 7.1% in the first quarter.
- General Motors, Stellantis, Kia, and Tesla reported declines in sales, while Toyota reported a 20% increase for the quarter.
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The automaker delivered around 509,000 cars, up 7% compared to the same period of the previous year; Ford expects to obtain around US$ 11 billion in operating profit in 2024, up from US$ 10.4 billion in 2023
·Brazil
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Fort Smith/Fayetteville News+8 Reposted by 8 other sources
US first-quarter auto sales grew nearly 5% despite high interest rates, but EV growth slows further
New vehicle sales in the U.S. rose nearly 5% from January through March, as buyers stayed in the market despite high interest rates.
·Fort Smith, United States
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Associated Press News+14 Reposted by 14 other sources
US first-quarter auto sales grew 5.1% despite high interest rates, but EV growth slows further
New vehicle sales in the U.S. rose 5.1% from January through March, as buyers stayed in the market despite high interest rates. But electric vehicle sales growth slowed to 3.3%
·United States
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Total News Sources32
Leaning Left8Leaning Right3Center17Last UpdatedBias Distribution61% Center
Bias Distribution
- 61% of the sources are Center
61% Center
L 28%
C 61%
11%
Factuality
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