GM CFO Says Company Is Planning Overall Industry U.S. New Car Sales To Be In Low 16M Range In 2025; Assuming Softer Vehicle Pricing In 2025; 2025 Capital Spend Will Be Consistent With 2024 Level
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) CFO announced that the company anticipates U.S. new car sales to be in the low 16 million range in 2025, with expectations of softer vehicle pricing. The capital expenditure for 2025 is projected to remain consistent with 2024 levels.
October 08, 2024 | 7:50 pm
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GM's CFO forecasts U.S. new car sales in the low 16M range for 2025, with softer vehicle pricing. Capital spending will be consistent with 2024 levels.
The announcement provides insight into GM's expectations for the U.S. auto market in 2025, including sales volume and pricing trends. The consistent capital spending suggests stability in GM's investment strategy. However, the softer pricing could indicate potential pressure on margins, balancing the overall impact.
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