2024 Q1 US auto sales rose 5% to 3.8 million vehicles, with EV growth slowing due to range and charging concerns.

In the first quarter of 2024, US auto sales rose nearly 5% despite high interest rates, with nearly 3.8 million vehicles sold compared to the previous year. Electric vehicle (EV) sales growth slowed, with mainstream buyers concerned about limited range and a lack of charging stations. Overall, the auto industry's sales pace was at an annual rate of 15.4 million, demonstrating surprising resilience for US consumers despite economic pressures.