General Motors (GM) Q2 US Deliveries Rise on Strong EV Sales [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
The automaker sold 696,086 units in the second quarter, rising 0.6% year over year and the highest since the fourth quarter of 2020. EV deliveries rose 40% year over year to 21,930 units, comprising only 3.2% of total second-quarter sales. The year-over-year rise in EV sales was fueled by electric Hummer, which sold 2,929 units in the second quarter compared with 47 units in the year-ago period. LYRIQ is rapidly gaining traction in the EV market, with second-quarter sales increasing 26% compared with the first quarter. GM sold approximately 229,000 full-size pickup trucks, up 6% year over year, marking the highest quarterly sales since 2021. However, General Motors' total sales for the first half of the year were down 0.4% year over year, totaling around 1.3 million vehicles. GM's second-quarter sales are projected to be slightly above the overall industry. Cox Automotive and Edmunds, both auto industry forecasters, anticipate second-quarter sales industrywide, including Jul
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GM
Earnings
- 4/23/24 - Beat
GM
Sec Filings
- 6/25/24 - Form 8-K
- 6/12/24 - Form 4
- 6/11/24 - Form 4
- GM's page on the SEC website