General Motors Gives Q3 Delivery Update
Portfolio Pulse from Erica Kollmann
General Motors (NYSE:GM) reported a 3% increase in retail sales year-over-year for Q3, with total U.S. vehicle deliveries down 2%. The company achieved record EV sales, up 60% year-over-year, and led in full-size SUV market share. Upcoming EV models include the 2025 Cadillac Escalade IQ and Optiq.
October 01, 2024 | 4:54 pm
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General Motors reported a 3% increase in retail sales for Q3, with a record 60% increase in EV sales. Total vehicle deliveries in the U.S. were down 2%. GM leads in full-size SUV market share and plans to debut new EV models.
The increase in retail sales and record EV sales are positive indicators for GM, suggesting strong demand and growth in the EV segment. The decline in total vehicle deliveries is a slight negative but is offset by the positive EV performance and market leadership in SUVs. The upcoming EV models could further boost future sales.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100