- General Motors Co (NYSE:GM) reported third-quarter U.S. sales of 555,580 vehicles, a 24% increase year-on-year.
- Chevrolet, GMC and Cadillac posted double-digit total sales gains of 30%, 24% and 50%, respectively.
- The improvement is mainly attributed to an increased demand environment along with an improvement in semiconductor supplies.
- General Motors had a dealer inventory of 359,292 vehicles at the end of Q3, an increase of 111,453 units from the previous quarter.
- Also Read: GM Defers Return-To-Office Mandate Following Employee Pressure
- The company said demand for the Chevrolet Bolt EV and Bolt EUV outpaced supply, with sales of 14,709 vehicles combined.
- Price Action: GM shares are trading higher by 2.32% at $32.83 on the last check Monday.
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