GM second-quarter sales increase 18.8% as supply chain stabilizes
General Motors’ U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago.
The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June, including 15,652 EVs.
GM’s second-quarter sales, along with those of other automakers such as Honda Motor, Nissan Motor and Stellantis, indicate demand for new vehicles remains strong.
The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June, including 15,652 EVs.
GM’s second-quarter sales, along with those of other automakers such as Honda Motor, Nissan Motor and Stellantis, indicate demand for new vehicles remains strong.
General Motors’ U.S. vehicle sales increased by 18.8% in the second quarter compared with subdued results a year ago when the automaker was battling supply chain issues.
The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June. That compared with 582,401 vehicles during the second quarter of 2022. It also is a sequential increase compared with GM’s first-quarter sales of just over 600,000 new cars and trucks.
GM said retail sales increased 15% through the first half of the year, while its fleet business jumped 30%.
GM maintained its status as the country’s largest automaker through the first six months of the year, with sales up 18.3% to nearly 1.3 million vehicles. The Detroit carmaker regained that decades-long title last year after Toyota Motor took the top spot in 2021. That year was the first time since 1931 that GM wasn’t the bestselling car company in the U.S.
EV sales
GM’s EV sales topped 36,300 during the first half of this year, including 15,652 in the second quarter. EVs accounted for just 2.8% of the company’s total sales during the first half of the year.
The company previously said it planned to produce 50,000 EVs during the first half of the year, followed by 100,000 during the second half of the year.
GM has several important EV launches during the second half of this year including new versions of the Chevrolet Silverado, Blazer and Equinox. It’s also launching a new electric delivery van and a $300,000-plus bespoke Cadillac EV called the Celestiq.
$General Motors(GM.US$
The Detroit automaker reported sales Wednesday of 691,978 new vehicles from April through June. That compared with 582,401 vehicles during the second quarter of 2022. It also is a sequential increase compared with GM’s first-quarter sales of just over 600,000 new cars and trucks.
GM said retail sales increased 15% through the first half of the year, while its fleet business jumped 30%.
GM maintained its status as the country’s largest automaker through the first six months of the year, with sales up 18.3% to nearly 1.3 million vehicles. The Detroit carmaker regained that decades-long title last year after Toyota Motor took the top spot in 2021. That year was the first time since 1931 that GM wasn’t the bestselling car company in the U.S.
EV sales
GM’s EV sales topped 36,300 during the first half of this year, including 15,652 in the second quarter. EVs accounted for just 2.8% of the company’s total sales during the first half of the year.
The company previously said it planned to produce 50,000 EVs during the first half of the year, followed by 100,000 during the second half of the year.
GM has several important EV launches during the second half of this year including new versions of the Chevrolet Silverado, Blazer and Equinox. It’s also launching a new electric delivery van and a $300,000-plus bespoke Cadillac EV called the Celestiq.
$General Motors(GM.US$
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
An investment enthusiast, moving securities-related content
3Followers
7Following
970Visitors
Follow