Several models of Ford heavy duty trucks, along with Ford and Lincoln SUVs recalled.
Ford Motor (F) and General Motors (GM) on Friday reported their best annual U.S. new vehicle sales figures since before the pandemic.
Both General Motors and Ford Motor on Friday reported their best annual U.S. new vehicle sales since 2019. GM reported 2024 sales of more than 2.7 million vehicles, up 4.3% from a year earlier.
Ford Motor Company (NYSE:F) saw continued strong vehicle sales in the fourth quarter, with US retail sales up 17% from the same period last year. This contributed to full-year retail sales growth of 6%, which the Dearborn, Michigan-based automaker noted was double the estimated rate of the overall retail automotive industry.
President-elect Donald Trump's threat to eliminate tax credits for electric vehicles likely pumped up sales at the end of last year. EV sales grew 12% in the fourth quarter of 2024, pushing the full-year total to a record 1.3 million, according to forecasts from researcher Cox Automotive.
Ford Motor reported a 4.2% rise in its 2024 U.S. sales on Friday, driven by higher demand for gasoline and hybrid vehicles.
Ford Motor's U.S. new vehicle sales increased 4.2% last year to represent the automaker's best year since 2019. The increase in sales was led by increased sales of hybrid and all-electric models.
When the closing bell rang on Dec. 31, the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite had delivered respective returns of 13%, 23%, and 29% in 2024. The icing on the cake is that all three indexes achieved multiple record-closing highs.
Analysts expect GM to take the 2024 U.S. auto sales crown. But the battle to be No.
At the time of this writing on the afternoon of Dec. 30, 2024, the S&P 500 has generated a total return of 27% in 2024. It's been another fantastic year to be an investor in the stock market.
The recall includes certain Ford Escape and luxury Lincoln Corsair vehicles from model years 2020 to 2024.
The National Highway Traffic Safety Administration said on Tuesday that Ford Motor Co would recall about 20,484 vehicles over battery concerns.