Auto Sales Surge in Q1 with Record EV Milestones and Dealer Restocking.
TL;DR
General Motors reported a sales gain of 17.6% for Q1 2023, with a record number of EV deliveries, although most were for the existing Chevrolet Bolt and Bolt EUV. The gains came from strong demand for full-size and midsize pickups, including a big gain in commercial fleet sales. GM ended the quarter with dealers having 412,285 new vehicles in stock, about the same number as in the fourth quarter. GM is on track to build 50,000 EVs in North America through June and double that in the second half.
- GM reports Q1 sales gain with record EV sales, but not of new models Detroit Free Press
- General Motors' U.S. sales jump 18% in the first quarter CNBC
- As Dealerships Get More Stock, Auto Makers' Sales Rebound in First Quarter The Wall Street Journal
- GM sales up in Q1 as EVs hit new milestone Detroit News
- Subaru sells over 53k vehicles in the U.S. in March (OTCMKTS:FUJHY) Seeking Alpha
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