GM sales drop slightly on fewer fleet deliveries, EV sales down
General Motors Co. saw a 1.5% decline in overall sales year over year in the first quarter as fleet deliveries slipped 23%.
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General Motors Co. saw a 1.5% decline in overall sales year over year in the first quarter as fleet deliveries slipped 23%.
General Motors Co and its dealers saw a 1.5% year-on-year fall in the first quarter of 2024, delivering a total of 594,233 vehicles in the US. The fall was attributed to a slump in fleet deliveries. But quarterly retail sales were up 6% year-on-year. "GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ. We're on plan," said Ma
In the first quarter of 2024, GM sold 16,425 EVs. In the first quarter of 2025, GM will need to sell 250,000.
Plus General Motors retains its crown as the U.S. sales king despite dip and a Chinese phone maker starts delivering cars.
The Detroit automaker said the decline was largely due to a 22.9% year-over-year decline in sales to fleet customers.