GM's Q2 Sales Surge 18.8% Amid Strong Demand and Stock Rise

General Motors (GM) reported an 18.8% increase in US deliveries for Q2, with electric vehicle sales jumping over 120% compared to the previous quarter. GMC truck sales were up 18%, Chevrolet sales climbed 17%, and Cadillac sales were up 15%. GM also saw stronger pricing and a minimal rise in inventories. This follows positive sales results from Tesla, Rivian, and Honda, with the industry expected to see a 16.1% overall sales increase for Q2 compared to last year.