“Our supply chain team and logistics partners in North America have done great work improving the flow of vehicles from our assembly plants to our dealers,” said GM CEO Mary Barra. “Our U.S. dealers helped us outperform the market with strong pricing and essentially flat incentives. We were profitable in every region, including China. And GM International excluding China is on track to deliver significantly higher EBIT-adjusted in 2023 compared to a year ago.

“Because we are in a highly competitive, cyclical industry, we have been laser focused on four fundamentals to further strengthen our position:
• Delivering vehicles that customers love and are willing to pay for
• A competitive cost structure
• Marketing efficiency and incentive discipline
• Matching production to demand

GM is the leader in sales of full-size pickups and large SUVs with Chevrolet Silverado and GMC Sierra combined sales up 29% YoY. This makes for 7 consecutive quarters of industry leadership. GMC Sierra sales up 46% YoY for best-ever third quarter and year-to-date sales.

GM also dominates the Large SUV segment with more than 60% market share year-to-date, which is more than 3X nearest competitor.