GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers

GM U.S. vehicle sales fall 1.5% during the first quarter, underperforming other major automakers

Apr 02, 2024 by CNBC

Key Facts

  • GM DETROIT — General Motors on Tuesday reported a 1.5% decline in first-quarter U.S. vehicle sales compared to a year ago, as the overall auto industry normalizes after years of disruptions and volatile results.
  • The Detroit automaker said the decline to 594,233 vehicles sold during the first three months of the year was largely due to a 22.9% year-over-year decline in sales to fleet customers.
  • GM reported sales of its full-size pickups totaled roughly 197,000 units during the first quarter, up 3.6% from a year earlier, marking its best performance during that time since the first quarter of 2020.
  • Here is how other major automakers performed in U.S. sales compared to the first quarter of 2023: * Toyota Motor reported a 16% increase in sales, including a 16.1% increase in March.

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