Earlier Reported, General Motors Co And Its Dealers Increased Retail Sales By 6% YoY And Delivered 594,233 Vehicles In The U.S. In Q1 2024, Down 1.5% YoY Due To Lower Fleet Deliveries
Portfolio Pulse from Benzinga Newsdesk
General Motors Co. (NYSE:GM) reported a 6% increase in retail sales year-over-year and delivered 594,233 vehicles in the U.S. in Q1 2024, a slight decrease of 1.5% due to lower fleet deliveries. GM maintained its leadership in key vehicle categories and is on track with its Ultium Platform EV production, including the Cadillac LYRIQ.
April 02, 2024 | 5:08 pm
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General Motors Co. (NYSE:GM) saw a 6% increase in retail sales and a slight 1.5% decrease in total vehicle deliveries in the U.S. for Q1 2024, with strong performance in key vehicle segments and progress in EV production.
The increase in retail sales and leadership in key vehicle segments, coupled with the progress in EV production, particularly the Cadillac LYRIQ, indicate a positive outlook for GM. The slight decrease in total vehicle deliveries is attributed to lower fleet deliveries, which is less concerning given the strong retail performance and strategic advancements in EV production.
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