"U.S. Auto Sales Surge in 2023 Despite Predictions of a Challenging 2024"
TL;DR Summary
General Motors (GM) reported a 14.1% increase in U.S. vehicle sales for 2023, totaling approximately 2.6 million vehicles, marking its best performance since 2019. The sales were consistent with industry expectations, with Edmunds projecting industrywide sales of 15.5 million for the year. GM's growth was particularly strong in its Buick brand, which saw a 61% increase, and the company expects U.S. industry sales to reach 16 million in 2024. GM attributes its success to growing market share, strong pricing, and low incentives.
Topics:business##automotiveindustry#business-and-economy#generalmotors#marketshare#ussales#vehiclesales
- GM's 2023 U.S. vehicle sales were its best since 2019 CNBC
- US auto sales likely jumped in 2023; new year to be challenging Reuters
- 2023 Was Great For Car Sales, 2024 Probably Won't Be Jalopnik
- Cox Automotive Forecast: U.S. Auto Sales Expected to Finish 2023 Up More Than 11% Year Over Year, as General Motors Retains Top Spot, Hyundai Motor Group Jumps Past Stellantis Cox Automotive
- U.S. Auto Sales Bounced Back in 2023 - WSJ The Wall Street Journal
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
61%
211 → 82 words
Want the full story? Read the original article
Read on CNBC