GM U.S. Sales up 19 Percent in Second Quarter

The 2023 Chevrolet Bolt EV and EUV assembly line is seen at the General Motors Orion Assembly, Thursday, June 15, 2023, in Lake Orion, Mich. (AP Photo/Carlos Osorio)
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General Motors Co. (GM) announced on Wednesday that it sold 691,978 vehicles, including 15,652 electric vehicles (EV), in the United States in the second quarter of this year, up 19 percent year on year.

The Detroit automaker reported double-digit sales growth for all brands in the second quarter. Chevrolet sales were up 17 percent, Cadillac sales up 15 percent, Buick sales up 48 percent, and GMC sales up 18 percent.

Compared to the first quarter, GM’s inventory went up less than 4 percent, and its average transaction price increased 1,482 U.S. dollars.

In the first half of the year, GM sold a total of 1,295,186 vehicles in the United States, including 36,322 EVs, up 18 percent from the first half of 2022.

GM’s sales report beat expectations. GM would have a 17-percent increase in sales for the second quarter and the first half of the year, the Detroit News reported, quoting Cox Automotive analysts forecast.

Stellantis NV sold 434,648 vehicles in the second quarter of this year, up 6 percent from 408,521 sold a year ago. This is the first quarter Stellantis’ sales increased in the United States in two years, the local newspaper reported.

As for other automakers, Honda Motor Co. Ltd. U.S. sales increased nearly 45 percent in the second quarter, and Hyundai Motor Co. U.S. sales were up 14 percent.

Tesla Inc. global sales grew 83 percent year-over-year in the second quarter, the Detroit News reported.