U.S. new vehicle sales projected to hit 15.85 million in 2024, boosted by low rates and EV incentives.

New vehicle sales in the U.S. are projected to reach 15.85 million in 2024, the highest since 2019, driven by lower interest rates and EV incentives. Despite high prices, car buyers may find more affordable options under $30,000, with hybrids gaining popularity. However, potential tariffs and policy changes could affect prices and incentives for EVs. Used car prices are expected to remain high due to limited inventory.

December 17, 2024
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