By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
The Auto Magazine
  • Home
  • Auto Shows
    Auto ShowsShow More
    Maserati enthrals at FuoriConcorso with GT2 Stradale and MCXtrema
    May 14, 2025
    Leapmotor presents its range at Automobile Barcelona, Spain
    May 14, 2025
    Alfa Romeo sporting glory dominates “Fuori Concorso”
    May 13, 2025
    Market Art Fair Stockholm and BMW Sweden present Gregor Hildebrandt as artist for BMW Art Commission 2025
    May 13, 2025
    Driving Trade Forward: AfCFTA, AGOA,BRICS and the Tariffs – All On The Menu At Automechanika CEO Breakfast
    May 9, 2025
  • Bikes
    BikesShow More
    Desmo450 MX: Production of the first Ducati Motocross bike begins
    May 28, 2025
    25YM Honda NC750X
    May 13, 2025
    BMW Motorrad presents the new BMW R 1300 RS
    May 2, 2025
    BMW Motorrad presents the new BMW R 1300 RT
    April 30, 2025
    Honda NC750X Named Winner in 2025 Red Dot Design Award
    April 10, 2025
  • News
    NewsShow More
    Toyota Mobility Foundation announces five finalists for $3 million Venice Sustainable Cities Challenge
    May 29, 2025
    Mazda Production and Sales Results for April 2025
    May 29, 2025
    Nissan production, sales, and exports for April 2025
    May 29, 2025
    Honda Production, Sales and Export Results for April, 2025
    May 29, 2025
    Škoda Auto marks 55 years since production of the Skopak began in Pakistan
    May 29, 2025
  • Concepts
    ConceptsShow More
    FIAT unveils the manifesto Grande Panda 4×4
    May 20, 2025
    Renault 4 Savane 4×4 Concept makes its global debut at Roland-Garros 2025
    May 16, 2025
    Hyundai Motor and Plus Unveil Concept for Autonomous Hydrogen Freight Ecosystem at ACT Expo 202
    May 2, 2025
    Hyundai Motor Unveils the new IONIQ 6 and IONIQ 6 N Line
    April 5, 2025
    Kia and LG Electronics Partner to Showcase New PBV Concepts for Work and Play
    April 4, 2025
  • Interviews
    InterviewsShow More
    Kosmas “Dudie” Mamaloukos – The Formidable Racing Talent
    May 15, 2025
    Hi-Range Safari City
    Hi-Range Safari City – The Premier outfitter for 4×4 customization
    May 15, 2025
    BEHIND THE SCENES: ARCHIE RUTHERFORD ON WHAT IT TAKES TO BRING THE W2RC TO SOUTH AFRICA
    May 9, 2025
    Europe and China’s automotive future in a shifting global order
    May 5, 2025
    Sourcing Guide Right-Hand Drive American SUVs and Pickup Trucks in Africa
    April 29, 2025
  • EVs
    EVsShow More
    SEAT S.A. moves towards electric car production in Martorell
    May 29, 2025
    Polestar 3 wins Best EV SUV and Luxury Car of the Year awards
    May 29, 2025
    All-New Nissan MICRA EV debuts ahead of European launch
    May 28, 2025
    BMW Group and Solid Power are testing all-solid-state battery cells in a BMW i7
    May 20, 2025
    Toyota Debuts Stylish, Powerful 2026 C-HR Battery Electric Vehicle
    May 18, 2025
  • Motosport
    MotosportShow More
    43rd Rally Due Valli: Lancia Ignites Verona with a High-Tension Challenge
    May 29, 2025
    Lærke Rønn, Alexia Danielsson, Rasmus Vendelbo, Porsche Sprint Challenge Scandinavia, 2025, Porsche AG
    The schoolgirl who’s just won her debut GT race
    May 28, 2025
    Porsche with new qualifying record and ongoing points streak ahead of China
    May 28, 2025
    Nissan Formula E Team looking to reinforce championship lead in Shanghai
    May 28, 2025
    Opel Mokka GSE Rally: A New Star in Electric Rallying
    May 28, 2025
  • Trucks & Buses
    Trucks & BusesShow More
    MAN development team for autonomous driving is ‘Engineering Team of the Year’
    May 29, 2025
    Scania to start deliveries of new electric buses to northern Sweden
    May 29, 2025
    From left to right: Jens Böther, Regional Council; Nikolas Wenzel, Managing Director of MOIN; Claudia Kalisch, Mayor of Lüneburg; Alex Meier, Depot Manager; Nils Richert, Daimler Buses
    Daimler Buses builds a completely new electric bus depot for a customer for the first time
    May 28, 2025
    600 km range and superfast charging – meet Volvo’s new electric truck
    May 20, 2025
    Vandijck Transport tests the eActros 600 on a long-haul route of over 1,500 kilometers
    Vandijck Transport tests the eActros 600 
    May 18, 2025
  • Reviews
    ReviewsShow More
    GR Supra pushes performance limits with A90 Final Edition and Lightweight EVO
    May 28, 2025
    The new BMW M2 CS
    May 28, 2025
    Defender upgraded: The unstoppable 4×4 is now even more distinctive 
    May 28, 2025
    From vision to Veyron: the evolution of a Bugatti icon
    May 17, 2025
    The new Mercedes-Maybach SL Monogram Series
    May 13, 2025
  • Tech
    TechShow More
    VNC Automotive Partners with P3 to Enhance the SPARQ OS Platform
    May 29, 2025
    Artificial intelligence: Audi boosts production efficiency
    May 28, 2025
    Greater efficiency and productivity with artificial intelligence – generative AI in BMW Group Purchasing
    May 19, 2025
    Aston Martin debuts Apple CarPlay Ultra for iPhone users
    May 16, 2025
    Mercedes-Benz customers in Germany can now purchase and pay for e-Vignettes directly from their vehicle
    May 15, 2025
Hot News
SEAT S.A. moves towards electric car production in Martorell
Toyota Mobility Foundation announces five finalists for $3 million Venice Sustainable Cities Challenge
43rd Rally Due Valli: Lancia Ignites Verona with a High-Tension Challenge
Polestar 3 wins Best EV SUV and Luxury Car of the Year awards
Mazda Production and Sales Results for April 2025
BikesMotosport

Ducati Borgo Panigale enters motocross

Motosport

TAG Heuer Porsche Formula E Team wins season opener in Mexico

Latest News

50 Years of Volkswagen LT – The master of ergonomics celebrates its birthday

Latest News

Lamborghini Revuelto Japan Premiere

Font ResizerAa
The Auto MagazineThe Auto Magazine
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Search
  • Home
  • Auto Shows
  • Bikes
  • News
  • Concepts
  • Interviews
  • EVs
  • Motosport
  • Trucks & Buses
  • Reviews
  • Tech
Follow US
Crafted by Intellegere Media. © 2024 The Auto Magazine. All rights reserved.
Latest News

GM posts 4% sales growth in 2024

Itumeleng Garebatshabe
Last updated: January 3, 2025 19:51
By Itumeleng Garebatshabe
515 Views
3 Min Read
Share
3 Min Read
SHARE

General Motors had a strong 2024, growing U.S. sales and market share with a redesigned portfolio of both electric and gas-powered vehicles.

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.

- Advertisement -
Ad image

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.

“It was a great year for us across our product lines,” said Rory Harvey, GM executive VP and president of global markets. “How did we do it? By investing to have the best portfolio in the industry. We have something for everyone, no matter what they like to drive.”

In EVs, sales accelerated throughout the year, with Q4 sales of 42,000 units, up 10,000 from the third quarter level, and nearly twice the second quarter total.

Overall, our average Q4 transaction price reached nearly $53,000, well above the industry average, while incentive spending per vehicle continues to decline.

All four of our major brands grew in 2024. At Chevrolet, sales were up 1.5%, to the highest level since 2019. Equinox EV was a major driver, with Q4 unit sales up 85% from Q3. For the full year, Trax sales were up 84%, to lead the small SUV segment. Fourth quarter sales at Chevrolet increased 17%.

Cadillac had its best full-year and quarterly sales since 2016, spurred by strong demand for both Escalade – the #1 large luxury SUV for the 11th consecutive year – and LYRIQ, now the best-selling electric mid-size luxury SUV. Meanwhile, deliveries of two new electric SUVs – the three-row VISTIQ and the smaller OPTIQ – begin in Q1. For the quarter, sales were up 35%.

Meanwhile, GMC had its best year ever in 2024, with total sales up 9%, aided by a 33% spike in Q4 sales. Sierra and Canyon both had their best years in history. It was a record year for the Denali sub-brand, which is celebrating its 25th anniversary. And Buick sales improved 10%, to the highest total since 2021. The Envista saw sales jump 57% in the fourth quarter.

TAGGED:BuickCADILLACChevroletGeneral MotorsGMCU.S. sales

Sign Up For Daily Newsletter

Stay Updated! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp LinkedIn VKontakte Telegram Email Copy Link Print
Share
ByItumeleng Garebatshabe
Editor
Follow:
Itumeleng is the Managing Editor of The Auto Magazine. He is a tech and car enthusiast

Follow US

FacebookLike
XFollow
InstagramFollow
YoutubeSubscribe
TiktokFollow
TelegramFollow
Google NewsFollow
LinkedInFollow
- Advertisement -
Ad imageAd image

You Might Also Like

Reviews

GMC Unleashes the 2024 Canyon AT4X AEV Edition

By Itumeleng Garebatshabe
July 12, 2023
Latest News

Seven Automakers Unite to Create a Leading High-Powered Charging Network Across North America

By Itumeleng Garebatshabe
July 27, 2023
Motosport

TWG Motorsports and GM receive formal approval for Cadillac Formula 1 team

By Itumeleng Garebatshabe
March 22, 2025
Technology

GM Defense Provides Battery Electric Technology for Future Military Platforms

By Itumeleng Garebatshabe
June 25, 2024
Latest News

2025 Corvette ZR1 VIN 001 raises $3.7 million for Red Cross at charity auction

By Itumeleng Garebatshabe
January 29, 2025
Latest News

GM names Aurora co-founder Sterling Anderson as chief product officer

By Itumeleng Garebatshabe
May 14, 2025

The Auto Magazine

  • Advertise
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • Cookie Policy
  • Bikes
  • Electric Vehicles
  • Trucks & Buses
  • Auto Shows
  • Latest News
  • Motosport

Made by Intellegere Media. All rights reserved. 2023

Don't not sell my personal information
Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc.

Zero spam, Unsubscribe at any time.
adbanner