https://nighthawkrottweilers.com/

Business

General Motors’ sales in the US rose by 18% in the first quarter




  • General Motors said Monday that first-quarter U.S. sales rose 18% from a year ago, to just over 600,000 vehicles delivered.
  • Sales of the full-size Chevrolet Silverado and GMC Sierra pickups rose a combined 9% from a year ago, helped by a 38% jump in sales to commercial fleets.
  • GM confirmed on Monday that it expects to sell 50,000 electric cars in the first half of 2023 and “double that” in the second half.

A GMC pickup truck is displayed for sale on a lot at a General Motors dealership on January 5, 2023 in Austin, Texas.

Brandon Bell | Getty Images

General Motors said Monday that first-quarter U.S. sales rose 18% from a year ago to just over 600,000 vehicles delivered, as it continued to recover from supply chain problems that limited global auto production in 2021 and early 2022.

“We gained significant market share in the first quarter, pricing was strong, inventory is in very good shape, and we sold more than 20,000 electric vehicles in a quarter for the first time,” GM North America CEO Steve Carlisle said in a statement.

Most of those electric vehicles were Chevrolet Bolts, but GM sold 968 examples of its all-new Cadillac Lyriq EVs, built on the company’s next-generation Ultium EV architecture. GM has been working to ramp up production of its Ultium-based electric vehicles, with new high-volume Ultium-based models including an electric Chevrolet Equinox crossover arriving later in 2023.

GM confirmed Monday that it expects to sell 50,000 electric vehicles in the first half of 2023 and “double that” in the second half, as Lyriq production ramps up and shipments of the electric version of the Chevrolet Silverado pickup begin later this spring.

GM is also ramping up production of its BrightDrop Zevo 600, an electric van, and said truck rental giant Ryder System has agreed to buy 4,000 of the vans between now and 2025.

The company’s sales volume for electric cars is expected to increase sharply from there in 2024 and 2025.

Meanwhile, the internal combustion products that pay the bills — GM’s pickup trucks and large SUVs — continue to sell well. Sales of the Silverado and GMC Sierra full-size internal combustion vehicles rose a combined 9% from a year ago, helped by a 38% jump in sales to commercial fleets — a market long dominated by GM’s Detroit archrival Ford Motor.

Ford is expected to report sales in the US for the first quarter on Tuesday.

With analysts increasingly concerned about high vehicle prices, GM noted that new versions of the affordable Chevrolet Trax and Trailblazer and Buick Encore crossovers will arrive in dealerships in the coming months. All three will have starting prices below $30,000, GM said.



Source link

Back to top button