General Motors Co In U.S. 674,336 Vehicles Sold In Q3, Up 21%; In U.S. Q3 EV Sales Increase 28% Compared To Q2; In U.S. 442,586 Vehicles In Inventory At Quarter-End
Portfolio Pulse from Benzinga Newsdesk
General Motors Co reported Q3 sales of 674,336 vehicles in the U.S., up 21% from the previous quarter. The company also saw a 28% increase in EV sales compared to Q2. At the end of the quarter, GM had 442,586 vehicles in inventory.
October 03, 2023 | 4:01 pm
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POSITIVE IMPACT
General Motors reported a 21% increase in Q3 U.S. vehicle sales and a 28% increase in EV sales compared to Q2. This positive sales performance could potentially boost GM's stock in the short term.
The reported increase in sales, both overall and specifically for EVs, indicates strong performance for General Motors. This positive news is likely to be well received by investors and could lead to an increase in GM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100