DETROIT — General Motors Co.'s sales in the second quarter increased 19% year over year, the Detroit automaker said Wednesday.
With more inventory available on dealer lots this year after supply chain issues have calmed, in the April-to-June quarter GM sold 691,978 vehicles — including 15,652 electric vehicles — up from 2022's second-quarter sales of 582,401.
GM's retail sales were up 15% year-over-year and fleet sales, including of its new BrightDrop electric delivery vans, were up 34%. Year over year, Chevrolet sales increased 17%, Cadillac's 15%, Buick's 48% and GMC's 18%.
From the first quarter, GM's inventory was up less than 4% and its average transaction price increased $1,482, the automaker said.
In the first half of the year, GM has sold 1,295,186 vehicles for an 18% increase over the first half of 2022. GM, which is pushing for an all-electric future with multiple EV launches coming, has sold 36,322 total EVs this year.
GM's sales report beat expectations. Cox Automotive analysts forecasted GM would have a 17% increase in sales for the quarter and the first half of the year.
On Monday, crosstown rival Stellantis NV, maker of Jeeps and Ram trucks, saw sales increase 6% in the second quarter year-over-year — marking the first quarter the automaker increased sales in the country in two years.
Stellantis sold 434,648 vehicles in the quarter compared to 408,521 a year ago. Its U.S. brands except for Jeep all saw increased sales.
Honda Motor Co. Ltd. reported a nearly 45% increase in sales overall in the United States in the second quarter, and Hyundai Motor Co. was up 14%. Globally, Tesla Inc. increased its sales 83% year-over-year for the quarter.
Ford Motor Co. is expected to reported sales on Thursday.
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