Plus   Neg

General Motors Q1 Auto Sales Up 4%

General Motors Co. (GM) Thursday reported 4% increase in sales for the first quarter, as all four GM brands recorded double-digit year-over-year increases in retail sales.

The auto giant said it sold 642,250 vehicles in the U.S. in the first quarter of 2021, with retail deliveries up 19 percent and fleet sales down 35 percent year over year.

"Over the last year, our dealers, supply chain and manufacturing teams have gone above and beyond to satisfy customers as demand for GM products rose sharply," said Steve Carlisle, GM executive vice president and president, North America. "The great teamwork continues. Sales are off to a strong start in 2021, we are operating our truck and full-size SUV plants at full capacity and we plan to recover lost car and crossover production in the second half of the year where possible."

Cadillac retail sales deliveries were up 43%, Buick rose 43%, GMC rose 23% and Chevrolet deliveries increased 13%.

Sales to commercial and government customers were down 15 percent. Rental sales were down 55 percent compared to a very strong first quarter in 2020 and represented just 6 percent of GM's fleet sales.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Social media giant Facebook's Workplace business tool has breached the seven million paid subscribers mark at a time when jobs have gone remote and is now the new normal amid the ongoing pandemic. The number of paid subscribers has grown 40 percent from last year. General Motors Co. (GM) Wednesday reported a profit for the first-quarter that surged from last year, driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, as well as the industry recovery in China. Earnings per share topped analysts' expectations, while quarterly revenues missed their estimates. Shares of Deutsche Post DHL Group were gaining around 5 percent in German trading after the logistics company reported Wednesday significantly higher profit and revenues in its first quarter. Further, the company raised fiscal 2021 earnings guidance significantly due to positive business performance. The company expects further growth in the coming quarters, even with growth rates normalizing...
Follow RTT