The global automotive industry is returning to pre-pandemic levels with a great role for Chinese brands and the consolidation of new technologies. A good example is what happened in 2024 in USA that closed the year in growth
Pending official data, sales are estimated to exceed 15.8 million, the highest level since 2019, with General Motors defending its 2023 sales crown, they said.
“It’s been a volatile year for the new vehicle market, but it’s expected to end on a high note”said Charlie Chesbrough senior economist at Cox Automotive.
A strong impulse gave him General Motors. The Detroit firm’s sales are close to 2.7 million for the entire year, according to estimates by Cox analysts.
Stellantis had a particularly complicated 2024, with a decline in sales of its popular brands RAM, Jeep and dodgethird quarter reports show. The Franco-Italian firm had to deal with the consequences of an aggressive pricing strategy that ultimately led to the abrupt departure of former CEO Carlos Tavares.
In this context, Tesla faces slowing sales as its range ages and competition in China intensifies, eating into an important market for the Elon Musk-led company. Tesla released the financial report for the fourth quarter of 2024.
Although the last three months were good for the company, adding the rest, it was not enough to reach the proposed sales goal.
Furthermore, from a general view, Tesla sales fell compared to 2023, year in which it broke records worldwide, being the best-selling electric car brand and also winning the recognition of the best-selling electric car in the world, thanks to its SUV Tesla Model Y. Which continued to be its most popular model in 2024.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
