North American Passenger Car Sales for 2014
In 2014, the North American car sales continued to demonstrate positive growth with the total number of vehicles sold in North America in 2014 was approximately 16.5 million. This figure includes both cars and light trucks. Passenger cars came in at 9.45 million units. Almost all of the North American automotive markets grew in 2014.
The North American economy continued its recovery in 2014, leading to increased consumer confidence and willingness to make major purchases, including new vehicles. Factors such as job growth, improved credit availability, and a more stable financial environment supported the growth in car sales. Both domestic and foreign automakers experienced growth in market share. Domestic manufacturers, including General Motors (GM), Ford, and Chrysler, continued to recover from the financial crisis and introduced popular models that resonated with consumers. Foreign automakers, particularly Japanese brands like Toyota, Honda, and Nissan, maintained their success with fuel-efficient and reliable models.
