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GM’s US deliveries in Q1 decline 1.5% to 594,233

Bruno T
Latest News
April 02 2024 10:24AM

General Motors Company (NYSE:GM) announced on Tuesday in a press release that its deliveries in the United States in the first trimester of 2024 amounted to 594,233 vehicles, falling 1.5% year over year.

Meanwhile, the carmaker noted that its retail sales for the reported period saw an annual growth of 6%. The firm further added that all of its electric vehicles (EVs) “under the federal MSRP cap are eligible for the full $7,500 IRA [Inflation Reduction Act] consumer tax credit.”

“Our brands are all performing well. GM gained retail market share year-over-year with strong mix and pricing, our inventories are in good shape heading into the spring, and production and deliveries of Ultium Platform EVs are rising, led by the Cadillac LYRIQ,” Senior Vice President for North America Marissa West commented.