General Motors Co.
GM,
said Monday it sold 603,208 vehicles in the first quarter, up 18% year-on-year, including a jump of 27% for fleet sales. The auto maker said it saw sales growth across all brands and it also grew its market share. “GM is off to a great start in 2023,” vice president Steve Carlisle said. “We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape, and we sold more than 20,000 EVs in a quarter for the first time.” Shares of GM dropped more than 1% Monday, poised to snap a three-session winning streak. GM stopped reporting monthly sales in 2018, taking a page from electric-vehicle maker Tesla Inc.
TSLA,
Tesla reported sales and production numbers on Sunday, with analysts worrying about potential price cuts.
