US New Vehicle Sales See 2.7% Increase Despite High Prices
US new vehicle sales rose 2.7% last year, driven by easing interest rates and a slight decrease in prices. The average sales price of $47,000 was still 27% above the 2019 level. Electric vehicles (EVs) saw significant growth, with sales increasing 8.8% to nearly 1.3 million. Gas-electric hybrids also gained popularity, with over 1.6 million … Read more