Ford reports annual sales of 1.99m compared to 1.86m a year earlier

<p>Automakers will be reporting sales figures throughout the week. Ford is out today, reporting a 7.1% rise in US sales led by crossover SUVs and pickup trucks.</p><p>Yesterday, GM reported 2.6m unit sales in the US, up 14% in 2023 and in-line with estimates. It's GM's best year since 2019, when it sold 2.9m units.</p><p>Others who have reported include:</p><ul><li>Toyota +6.6% y/y</li><li>Hyundai +11%</li><li>Nissan +23%</li></ul><p>Overall US sales are expected around 15.5 million units but there are signs of a slowing market in 2024 as high borrowing costs sideline buyers.</p>

This article was written by Adam Button at www.forexlive.com.