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U.S. Auto Sales Bounced Back in 2023

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U.S. Auto Sales Bounced Back in 2023

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https://www.wsj.com/business/autos/u-s-auto-sales-bounced-back-in-2023-ecd389dd

 1. Business
    
    --------------------------------------------------------------------------------

 2. Autos


U.S. AUTO SALES BOUNCED BACK IN 2023


AUTOMAKERS COULD CONFRONT MORE DIFFICULTIES THIS YEAR WITH INDUSTRYWIDE SALES
EXPECTED TO LEVEL OFF

By

Nora Eckert


Updated Jan. 3, 2024 8:34 pm ET

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Electric vehicle manufacturers like Lucid, Lordstown Motors and Faraday Future
were big winners of the stock boom two years ago. Now all three companies’
shares have fallen dramatically. WSJ’s Dion Rabouin and George Downs discuss
why. Photo illustration: David Fang

The U.S. auto industry rebounded in 2023 with many car companies reporting
double-digit sales gains, marking a return to normalcy for a sector that has
been on a roller coaster since the start of the pandemic. 

Automakers’ results were boosted by pent-up demand and better availability on
dealership lots. A six-week United Auto Workers strike this past fall did little
to damp the industry’s momentum and electric-vehicle sales continued to rise,
albeit at a slower rate than in the previous year. 

Copyright ©2024 Dow Jones & Company, Inc. All Rights Reserved.
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