General Motors (GM) reports it had “a strong 2024, growing U.S. sales and market share with a redesigned portfolio of both electric and gas-powered vehicles.” The company stated: “For the year, GM expanded overall sales by 4%, to 2.7 million vehicles, our highest total since 2019. GM estimates its 2024 market share at 16.5. We finished the year with inventory of about 54 days, meeting our target. All of our brands – Chevrolet, GMC, Buick and Cadillac – posted strong sales gains. For the fourth quarter, sales were up 21% from the year-earlier period. Electric vehicle sales jumped 50% for the quarter and 125% for the year, roughly doubling our market share over the course of the year. GM was the #2 seller of EVs in the U.S. across the second half of 2024. We were the leading seller of full-sized pickups for the fifth straight year – with the highest annual sales since 2007. And we were the top seller of full-size sport utility vehicles for an astonishing 50th straight year.”
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