Key Takeaways Ford and GM reported more new vehicles sold in the U.S. in 2024 than any year since 2019.Both companies reported large electric vehicle sales gains in 2024.Ford shares fell 19% last year,

Ford sold more than 530,000 vehicles in the quarter, a gain of nearly 9 percent. That included 30,176 electric vehicles, an increase of 16 percent. For the full year, G.M. sold 2.7 million cars and trucks, and Ford nearly 2.1 million vehicles, with each company seeing a rise of just over 4 percent.

Ford also said it was extending its "Power Promise" campaign to cover the cost of home chargers and their standard installation for new EV buyers.

Ford Motor reported a 4.2% rise in its 2024 U.S. sales on Friday, driven by higher demand for gasoline and hybrid vehicles.