April 20, 2024 4:20 am
General Motors experiences a 1.5% decline in sales due to weakened fleet business

General Motors reported a minor decrease in sales during the first quarter, largely due to challenges in its fleet business. However, the company still maintained its position as the best-selling automaker in the United States. Despite an overall decline in sales, General Motors sold 594,233 new vehicles from January to March, which was 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.

The company’s pickup lineup saw a significant increase in sales, with a 3.6% growth, making it the best quarter since the start of the COVID-19 pandemic. In contrast, sales of General Motors’ electric vehicles dropped due to software issues and production delays, particularly affecting the Chevrolet Bolt. Fleet sales for the automaker decreased by approximately 23% compared to the previous year.

Among General Motors’ brands, only Buick reported an increase in sales, which went up by 16.4% year-over-year. While overall pickup deliveries improved, GMC experienced a 5% decline in sales. Sales for Chevrolet and Cadillac also slightly decreased compared to the previous year.

Despite declining sales for General Motors and heightened competition among foreign automakers like Honda and Hyundai that gained more market share during this quarter, Edmunds forecasts that quarterly sales will reach around 3.8 million units, a 5.6% increase from

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