Lotlinx’s Q4 Quarterly Vincensus Report finds sales of hybrid vehicles increased by 23% between the third and fourth quarter of 2024, accounting for 22% of all Q4 U.S. new vehicle sales.

EV sales increased by 22% in the same period, with strong demand for the fully electric Chevrolet Equinox, among other models, analysts said, noting the General Motors division captured 17% of the U.S. hybrid/EV market in Q4.

The report also includes factory- and powertrain-based insights relating to used car sales, days’ supply and aged inventories, among other metrics.

“Dealerships are navigating a challenging environment marked by rising aged inventories, evolving consumer demands, and intensifying competition,” said Lotlinx Executive Chairman Len Short. “Our Q4 Vincensus Report underscores the necessity of leveraging cutting-edge tools like VIN-specific data and predictive modeling. Dealers equipped with AI-driven insights can better anticipate trends, optimize inventory and execute pricing strategies that maximize profitability.”

Get the full report at Lotlinx