GM Reports 4.2% Q2 U.S. Sales Drop to 714,896 as Inflation Curbs Buyers
Updated
Updated · KFGO · Jul 1
GM Reports 4.2% Q2 U.S. Sales Drop to 714,896 as Inflation Curbs Buyers
3 articles · Updated · KFGO · Jul 1
Summary
714,896 vehicles sold in the second quarter left General Motors with a 4.2% decline in U.S. sales from 746,588 a year earlier.
Inflationary pressure kept some new-vehicle shoppers on the sidelines, weakening demand during the quarter.
The drop still comes with GM holding the top U.S. vehicle-sales position in recent months, even as earlier reports pointed to softer EV demand, inventory constraints and discontinued models.