GM Reports Q1 Sales Gain with Record EV Sales, But Not of New Models


General Motors reported a sales gain April 3 for the first quarter of 2023 as inventory levels rebounded, and it also reported the biggest number of electric vehicle deliveries during a quarter to date, although most were for the long-existing Chevrolet Bolt and Bolt EUV.

GM's first-quarter U.S. sales, when compared with the year-ago period, were up 17.6% to 603,208 new vehicles sold, the automaker reported. The gains came from continued strong demand for full-size and midsize pickups, including a big gain in commercial fleet sales. Sales of the Chevrolet Silverado and GMC Sierra pickups to commercial customers rose 38% in the quarter.

GM ended the quarter with dealers having 412,285 new vehicles in stock, about the same number as in the fourth quarter. The improved inventory overall provides momentum going into the second quarter.

To read more, see the Detroit Free Press.

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