From Fortune Media:

American consumers still bought 15.6 million new vehicles last year; 12% more than in 2022. Sales haven’t returned to pre-pandemic levels, causing a cooling market, according to data from the south automotive group and J.D. Power. However, electric vehicle sales were up 47% and EV market share grew from 5.8% in 2022 to 7.6%. General Motors was the top seller in the U.S. for the year and: Toyota sales grew 7%, Honda was up 33%, and Nissan sales grew 23%.



Read more: Americans went on a car shopping spree in 2023 with sales rising 12% despite lofty prices and high interest rates