General Motors reported declining third-quarter sales but slightly outperformed industry forecasts. GM’s EV sales surged by 60% year-over-year, though EVs made up just under 5% of total sales, led by the Cadillac Lyriq. Small crossovers like the Chevrolet Trax also saw strong demand. GM’s total 2024 sales through the third quarter are down 1% year-over-year. Industrywide, third-quarter sales are projected to fall 2% compared to last year.
Category
🗞
NewsTranscript
00:00It's Benzinga, and here's what's on the block.
00:02General Motors reported declining third quarter sales, but slightly performed industry forecasts.
00:08GM's EV sales surged 60% year-over-year, though EVs made just up under 5% of total
00:14sales led by the Cadillac Lyrik.
00:16Small crossovers like the Chevrolet Trax also saw strong demand.
00:20GM's total 2024 sales through the third quarter are down 1% year-over-year.
00:26Industry-wide, third quarter sales are projected to fall 2% compared to last year.
00:30For all things money, visit Benzinga.com.