General Motors reported a strong performance in the last quarter, with U.S. customers paying an average of nearly $49,900 for new vehicles, contributing to a 15% increase in the company's net income compared to the previous year. Despite industry analysts predicting larger discounts and growing inventories in the U.S. new-vehicle market, GM's Chief Financial Officer stated that the company does not plan significant price cuts.
In the second quarter, GM generated $2.92 billion in net income on revenue of $47.97 billion, surpassing analyst expectations. The company sold 903,000 vehicles in North America, an increase of 70,000 units from the same period last year. However, international unit sales declined to 140,000 vehicles.
