GM Says In U.S., 691,978 Total Vehicles Sold In Q2, Up 19%; Q2 Sales Included 15,652 EVs; Q2 Inventory In U.S. Flat Vs Q1
Portfolio Pulse from Happy Mohamed
General Motors (GM) reported Q2 sales of 691,978 vehicles in the U.S., a 19% increase from the previous quarter. The sales included 15,652 electric vehicles (EVs). The company's Q2 inventory in the U.S. remained flat compared to Q1.
July 05, 2023 | 3:34 pm
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GM's Q2 sales in the U.S. increased by 19%, including 15,652 EVs. However, the company's Q2 inventory remained flat compared to Q1.
The increase in sales, especially in the EV segment, indicates strong demand for GM's products, which could positively impact the company's stock price. However, the flat inventory might suggest that the company is not expecting significant growth in the near future.
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