"GM's 2023 U.S. Sales Surge to Best in Years Despite Challenges"
TL;DR Summary
General Motors experienced a 14% increase in U.S. auto sales in 2023, selling 2.6 million vehicles as supply chain issues eased. However, Q4 sales showed signs of slowing, potentially due to rising interest rates. Electric vehicle sales grew, with GM selling nearly 76,000 units, but the overall EV market is expanding slower than anticipated. Despite the sales jump, GM's stock dropped by 2.5% following the announcement.
- General Motors Reports a 14% Jump in U.S. Auto Sales in 2023 The New York Times
- GM's 2023 U.S. vehicle sales were its best since 2019 CNBC
- GM’s EV Sales Are Booming Because Demand Is Just Fine Barron's
- GM, Other Carmakers See High Rates, Prices Dent Sales Growth Yahoo Finance
- GM sales inch higher despite big strike impact CNN
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