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flag Major U.S. automakers saw a 12% sales drop in December 2024 due to high rates, weak confidence, and slowing EV demand.

flag Several major automakers reported significant declines in new-car sales for December 2024, with Ford, General Motors, and Stellantis among the top performers in the red. flag Industry data shows overall sales dropped 12% compared to the same month the previous year, driven by higher interest rates, reduced consumer confidence, and a slowdown in electric vehicle adoption. flag Analysts attribute the slump to a combination of economic uncertainty and shifting buyer preferences, particularly as demand for larger vehicles and trucks waned.

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