: GM sales jump 21% in the third quarter

by | Oct 3, 2023 | Stock Market

General Motors Co.’s vehicle sales rose 21% in the third quarter, showing resilience against rising interest rates and little impact yet from the ongoing United Auto Workers strike. The sales increase for the July-September quarter included a 16% jump in retail sales and a 28% rise in sales of GM’s
electric vehicles, the carmaker said. Incentives and average prices remained “relatively flat,” GM said.

Nearly 443,000 vehicles were in inventory, the best quarter-ending in three years, GM said. U.S. carmakers’ inventories are at their best in the past couple of years, providing some cushion for the UAW strike, …

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