- 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.
- Photo Via Company
Wall Street’s Analyst Just Said On Dell Technologies; Here Are Other Picks For Last Week From Top Analysts
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst's opinion to trust.
