It was the best year for sales since 2019, before the coronavirus pandemic hit.
DETROIT — New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable.
Industry analysts say discounts such as rebates and low-interest financing should get even better as 2025 rolls along, with the biggest deals to be had at dealerships representing automakers that had trouble selling in 2024.
Despite high sales prices that averaged more than $47,000, automakers sold just over 16 million vehicles in the U.S. last year, Motorintelligence.com said Friday. It was the best year for sales since 2019, before the coronavirus pandemic hit. But prices were still 27% above what they were in 2019.
Electric vehicle sales rose 8.8% for the year to just under 1.3 million, beating 2023’s record of 1.19 million. That’s slower growth than …