GM Posts 21% US Q3 Sales Increase

General Motors (NYSE: GM) today posted strong Q3 sales results in the US with 674,336 vehicles sold and a market share gain of ~1%. There was a 16% retail sales increase year-over-year. The strong results were centered around its thriving truck and SUV lines, which fully participated in the ongoing Biden Administration economic recovery.

Full-size pickups had the best year-to-date sales since 2007 as Chevrolet Silverado and GMC Sierra combined sales grew 29%. This makes for 7 consecutive quarters of industry leadership based on preliminary results until Ford and Stellantis have posted. GG estimated that the Seasonally Adjusted Annual Selling Rate (SAAR) was 15.5 million light vehicles for the US industry total.

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GM claimed Divisional Highlights

Buick sales up 54%

• Fastest-growing mainstream brand in the industry year-over-year, with year-to-date sales up 63%• 43% conquest rate year-to-date through August.
• Enclave up 34%.
• 28% of retail SUV customers opted for Avenir luxury trim, now available across entire lineup.

Cadillac sales up 6%

• 16 consecutive months of year-over-year sales growth, and best third quarter and year-to-date sales since 2019.
• CT5 up 47% with best-ever third quarter and year-to-date sales, and V-Series Blackwing up 24%.
• Escalade up 8%, best year-to-date.
• sales since 2007 and segment leadership.

Chevrolet sales up 21%

• Best third quarter and year-to-date sales since 2019.
• Colorado sales up 28%, the fastest growing midsize truck compared to second quarter
• Bolt EV and Bolt EUV up 13% compared to second quarter with best-ever year-to-date Bolt EUV sales.
• Traverse up 27%, best third quarter and year-to-date sales since 2019.

GMC sales up 19%

• Best year-to-date sales since 2005. Best market share ever year-to-date through August at 3.8%
• AT4 and Denali 53% of all retail sales.
• Sierra up 46%.
• Acadia up 7%.