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Home » GM Q2 2024 auto sales: Best since 2020

GM Q2 2024 auto sales: Best since 2020

General Motors (GM) has reported its best quarterly auto sales since 2020, with strong performance across its brands and segments. The company’s second-quarter results for 2024 have exceeded expectations, reflecting a rebound in consumer demand and a successful product lineup.

GM’s total vehicle sales for the second quarter of 2024 reached 2.5 million units, marking a 15% increase compared to the same period last year. This growth was driven by strong sales of trucks, SUVs, and electric vehicles, as well as increased demand for luxury vehicles.

The Chevrolet brand saw a significant increase in sales, with popular models like the Silverado and Equinox performing well in the market. Cadillac also experienced a resurgence in sales, thanks to the success of its luxury SUVs and sedans.

GM’s electric vehicle sales have also been on the rise, with the company’s EV lineup attracting more customers. The Chevrolet Bolt and GMC Hummer EV have been particularly popular among consumers looking for environmentally-friendly options.

In addition to strong sales in North America, GM has also seen growth in international markets, particularly in China. The company’s joint ventures in China have continued to perform well, contributing to its overall sales success in the second quarter.

GM’s strong performance in the second quarter of 2024 is a positive sign for the company’s future growth and profitability. The company’s focus on innovative products, strong marketing strategies, and a commitment to sustainability have all contributed to its success in the market.

Looking ahead, GM is optimistic about its prospects for the rest of the year and beyond. The company continues to invest in new technologies, such as autonomous driving and electric vehicles, to meet the evolving needs of consumers and stay ahead of the competition.

Overall, GM’s second-quarter auto sales for 2024 have been a bright spot for the company, signaling a return to growth and stability after a challenging period. With strong sales across its brands and segments, GM is well-positioned to continue its success in the global automotive market.