US new car sales hit 5-year high in 2024, helped by hybrids

FILE - Unsold 2024 electric Lyriq utility vehicles sit outside a Cadillac dealership on June 2, 2024, in Lone Tree, Colo.

U.S. new car sales in 2024 continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles, automakers reported on Friday.