Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolios

Strong demand pushes GM towards impressive 2Q sales results

AuthorMichael Elkins
Published 07/05/2023, 12:14 PM
© Reuters. Strong demand pushes GM towards impressive 2Q sales results
GM
-

Shares of Detroit automaker General Motors (NYSE:GM) jumped as much as 1.11% in mid-day trading on Wednesday after the company reported delivery results for their 2Q of 2023.

According to the release, GM and its dealers delivered 691,978 vehicles in the U.S., up 19% when compared to the same time last year as easing supply chain pressures allowed the automaker to ship more cars and trucks to dealers.

All four of GM's brands delivered double-digit year-over-year increases in the second quarter, GM Envolve continued its growth with fleet customers and the company expanded its truck leadership.

Buick reported a 48% bump in sales for the 2Q, while Cadillac, Chevrolet and GMC reported between 15% and 18% bumps.

General Motors will report their 3Q financial results on Tuesday, October 3rd.

Shares of GM are up 0.95% in mid-day trading on Wednesday.

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.