Click to enlarge.
General Motors (NYSE: GM) said today its dealers increased retail sales by 3% year over year in September and delivered 659,601 total vehicles, down 2%, in the U.S. during Q3 of 2024. The company posted another record quarter of EV sales with 32,195 total deliveries, up 60% year-over-year and up 46% compared to the second quarter of 2024. The industry total SAAR is estimated at 16.2 million, equal to Q2 and YOY. There were 76 selling days for Q 3 2024 and 78 selling days for the same Quarter last year.
“GM’s EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everybody, no matter what they like to drive,” claimed Rory Harvey, GM executive vice president and president of Global Markets.
GM Highlights YOY
- 18 GM nameplates have higher ATPs than segment averages, at 112% of the industry average.
- GM Q3 ATPs of $49,349, in line with Q2
- GM Q3 incentives were 4.5% of ATP, flat with Q2 and 2.4 ppts. lower than the industry average.
- GM on track to end 2024 with 50 to 60-day range supply of vehicles per plan. 627,048 units of inventory heading into Q4,which is typically a period of strong sales and lower production due to holidays.
- Cadillac Lyric sales at 20,318 CYTD isgreater than all EV nameplates from BMW, Mercedes, Audi and Lexus.
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn.
He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe.
Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap.
AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks.
Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.
GM Posts Modest U.S. Sales increase for Q3 2024
Click to enlarge.
General Motors (NYSE: GM) said today its dealers increased retail sales by 3% year over year in September and delivered 659,601 total vehicles, down 2%, in the U.S. during Q3 of 2024. The company posted another record quarter of EV sales with 32,195 total deliveries, up 60% year-over-year and up 46% compared to the second quarter of 2024. The industry total SAAR is estimated at 16.2 million, equal to Q2 and YOY. There were 76 selling days for Q 3 2024 and 78 selling days for the same Quarter last year.
“GM’s EV portfolio is growing faster than the market because we have an all-electric vehicle for just about everybody, no matter what they like to drive,” claimed Rory Harvey, GM executive vice president and president of Global Markets.
GM Highlights YOY
About Ken Zino
Ken Zino, editor and publisher of AutoInformed, is a versatile auto industry participant with global experience spanning decades in print and broadcast journalism, as well as social media. He has automobile testing, marketing, public relations and communications experience. He is past president of The International Motor Press Assn, the Detroit Press Club, founding member and first President of the Automotive Press Assn. He is a member of APA, IMPA and the Midwest Automotive Press Assn. He also brings an historical perspective while citing their contemporary relevance of the work of legendary auto writers such as Ken Purdy, Jim Dunne or Jerry Flint, or writers such as Red Smith, Mark Twain, Thomas Jefferson – all to bring perspective to a chaotic automotive universe. Above all, decades after he first drove a car, Zino still revels in the sound of the exhaust as the throttle is blipped during a downshift and the driver’s rush that occurs when the entry, apex and exit points of a turn are smoothly and swiftly crossed. It’s the beginning of a perfect lap. AutoInformed has an editorial philosophy that loves transportation machines of all kinds while promoting critical thinking about the future use of cars and trucks. Zino builds AutoInformed from his background in automotive journalism starting at Hearst Publishing in New York City on Motor and MotorTech Magazines and car testing where he reviewed hundreds of vehicles in his decade-long stint as the Detroit Bureau Chief of Road & Track magazine. Zino has also worked in Europe, and Asia – now the largest automotive market in the world with China at its center.