GM: Q4 U.S. sales rise 41% as supply improves

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All of the automaker’s producers except for Buick posted Q4 sales positive aspects.

January 04, 2023 03:27 PM

Total Motors’ U.S. light-automobile sales rose 41 percent in the fourth quarter to take out 2022 a puny better than 2021. This marks the 2nd straight year GM is the head-promoting automaker in the U.S. after falling in the again of Toyota Motor North The usa in 2020.

GM’s fourth-quarter positive aspects adopted a 43 percent descend for the linked length a year earlier linked to the continuing semiconductor shortage that has curtailed automobile production. GM delivered 623,261 vehicles from October thru December, up from 440,745 vehicles in the fourth quarter of 2021.

GM talked about customer question and provide improvements contributed to the positive aspects in the fourth quarter.

For the plump year, GM sold 2.27 million vehicles in the U.S., up 2.5 percent from 2021.

All GM producers except for Buick posted will enhance for the fourth quarter, led by Cadillac. The Encore used to be Buick’s handiest mannequin to submit a sales assemble. Amongst other GM producers, handiest the Chevrolet Blazer, Camaro and Colorado and the GMC Yukon saw sales declines.

Manufacturers: Buick, down 6.5 percent; Cadillac, up 75 percent; Chevrolet, up 43 percent; GMC, up 42 percent.

Famous nameplates: Buick Enclave, down 11 percent; Encore GX, down 10 percent; Envision, down 18 percent; Camaro, down 20 percent; Cadillac Escalade, up 9.4 percent; XT6, up 93 percent; Chevrolet Blazer, down 17 percent; Colorado, down 4 percent; Corvette, up 10 percent; Equinox, up 243 percent; Silverado, up 23 percent; Suburban, up 14 percent; Tahoe, up 0.8 percent; Trailblazer, up 17 percent; Trax, up 267 percent; GMC Acadia, up 229 percent; Sierra, up 25 percent; Yukon, down 7.1 percent.

Incentives: $1,419 per automobile, down 72 percent from a year earlier, based on TrueCar.

Average transaction tag: $52,421, up 19.5 percent from a year earlier, based on TrueCar.

Hasty mix: GM talked about rapid sales rose 101 percent in the fourth quarter and 44 percent for the plump year. Hasty sales represented 21 percent of the sales mix.

Inventory: GM talked about inventory used to be 410,682 as of December, collectively with vehicles in transit.

Quote: “GM is carrying solid momentum in North The usa into 2023,” talked about Steve Carlisle, president of GM North The usa, in a press liberate. “We glance alternatives to develop our EV market half with nine all-electric units on sale, develop our truck management with four contemporary Chevrolet and GMC heavy-responsibility and midsize pickups, and seize contemporary customers with the cheap and successfully-kept 2024 Chevrolet Trax, which is perchance the most efficient entry-level automobile we’ve ever built.”

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