GM - General Motors Q2 US Deliveries Rise on Strong EV Sales | Benzinga
General Motors Company (NYSE: GM) reported its best quarterly sales in the United States in more than three years, with significant increases in full-size pickup trucks and EVs.
The automaker sold 696,086 units in the second quarter, rising 0.6% year over year and the highest since the fourth quarter of 2020.
EV deliveries rose 40% year over year to 21,930 units, comprising only 3.2% of total second-quarter sales. The year-over-year rise in EV sales was fueled by electric Hummer, which sold 2,929 units in the second quarter compared with 47 units in the year-ago period. LYRIQ is rapidly gaining traction in the EV market, with second-quarter sales increasing 26% compared with the first quarter.
GM sold approximately 229,000 full-size pickup trucks, up 6% year over year, marking the highest quarterly sales since 2021.
However, General Motors' total sales for the first half of the year were down 0.4% year over year, totaling around 1.3 million vehicles.
GM's second-quarter sales are projected to be slightly above the overall industry. Cox Automotive and Edmunds, both auto ...