• Mon. Apr 15th, 2024

General Motors Maintains Top Spot in US Sales, Despite Dip in Fleet Business and Electric Vehicle Sales

BySamantha Jones

Apr 3, 2024
General Motors experiences a 1.5% decline in sales due to weakened fleet business

General Motors reported a slight decline in sales during the first quarter, mainly due to challenges faced by its fleet business. However, the company maintained its position as the best-selling automaker in the United States. Despite an overall decrease in sales, General Motors sold 594,233 new vehicles from January to March, representing only a 1.5% decrease compared to the previous year. Retail sales actually increased by 6% over the same period, helping General Motors surpass Toyota as the top-selling automaker in the U.S.

In contrast to retail sales, General Motors’ fleet sales decreased by approximately 23% compared to the previous year. On the other hand, sales of electric vehicles dropped due to software issues and production delays, particularly affecting Chevrolet Bolt. However, General Motors’ pickup lineup experienced a significant increase in sales with a growth of 3.6%, making it the best quarter since the start of the COVID-19 pandemic.

Amongst General Motors’ brands, Buick was the only one that reported an increase in sales with a growth of 16.4% year-over-year. GMC experienced a slight decline of 5% in sales while Chevrolet and Cadillac also slightly decreased compared to the previous year.

Despite this decline in sales for General Motors, demand for vehicles has increased significantly across all brands globally. Edmunds forecasts that quarterly vehicle sales will reach around 3 million units worldwide – a remarkable increase of about 7% from last year’s figures.”

By Samantha Jones

As a content writer at newsnnk.com, I weave words into captivating stories that inform and engage our readers. With a passion for storytelling and an eye for detail, I strive to deliver high-quality and engaging content that resonates with our audience. From breaking news to thought-provoking features, I am dedicated to providing informative and compelling articles that keep our readers informed and entertained. Join me on this journey as we explore the world through the power of words.

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