GM Registers 24% US Sales Growth In Q3

by Shivani Kumaresan, Benzinga Staff Writer

October 3, 2022 12:28 PM | 1 min read | Make a Comment

General Motors Co GM reported third-quarter U.S. sales of 555,580 vehicles, a 24% increase year-on-year.
Chevrolet, GMC and Cadillac posted double-digit total sales gains of 30%, 24% and 50%, respectively.
The improvement is mainly attributed to an increased demand environment along with an improvement in semiconductor supplies.
General Motors had a dealer inventory of 359,292 vehicles at the end of Q3, an increase of 111,453 units from the previous quarter.
Also Read: GM Defers Return-To-Office Mandate Following Employee Pressure
The company said demand for the Chevrolet Bolt EV and Bolt EUV outpaced supply, with sales of 14,709 vehicles combined.
Price Action: GM shares are trading higher by 2.32% at $32.83 on the last check Monday.
Photo Via Company

Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.