Posted 4/2/2024, 6:03:15 PM
GM Retail Sales Rise Despite Lower Fleet Numbers; EV Momentum Builds Ahead of Q1 Earnings
- GM's Q1 US sales down 1.5% due to lower fleet sales, but retail sales up 6%
- Trucks and SUVs drove strong retail sales growth for GM; GMC and Chevy pickups gained market share
- EV sales surge for GM's newest models like Lyriq, Hummer EV, and Silverado EV
- GM outperformed rivals as it leverages gas vehicle sales amid EV demand slump
- GM to report Q1 earnings on April 23; stock market news awaits Tuesday AM financial results