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Year-End Surge in Car Sales Expected to End in 2025

  • A surge in U.S. car sales seen at the end of 2024 is reportedly not expected to last into 2025.
  • Annualized rate for total car sales in 2024 reached 15.9 million, up from the previous year.
  • Electric vehicle (EV) sales grew 12% in the fourth quarter, reaching a record 1.3 million.
  • The surge in EV sales is not expected to continue in 2025 due to the anticipated removal of tax credits.

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