GM U.S. Sales up 21 Percent in Q3

DETROIT, MI - SEPTEMBER 17: The General Motors logo on the world headquarters building is shown September 17, 2015 in Detroit, Michigan. Mary Barra, Chief Executive Officer of General Motors, and Mark Reuss, President of GM North America, held an Employee Town Hall Meeting and a question & answer session with the news media today to discuss GM's $900 million settlement with the Justice Department over GM's ignition switch recalls. (Photo by Bill Pugliano/Getty Images)

General Motors Co. (GM) announced on Tuesday that it sold 674,336 vehicles in the United States in the third quarter of this year, up 21 percent year on year.

The sales included more than 20,000 electric vehicles (EVs), up 28 percent.

GM ended the third quarter with 442,586 vehicles in dealer inventory, marking the best quarter ending since the third quarter of 2020.

GM sold a total of 1,969,522 vehicles in the first three quarters of 2023, up 19 percent year on year. Of the sales, more than 56,400 are EVs.

The average transaction price of GM vehicles was 50,553 U.S. dollars in the third quarter, down about 500 dollars from the third quarter of 2022.

The United Auto Workers’ strike against the Big Three U.S. automakers beginning Sept. 15 is yet to show up in GM’s quarterly results.

As for other automakers, Toyota Motor Corp. U.S. sales went up 12.2 percent in the third quarter, Honda Motor Co. Ltd.’s sales rose 52.7 percent, and Hyundai Motor Co.’s sales grew by 9 percent, The Detroit News reported on Tuesday.