DETROIT — General Motors Co. reported a year-over-year 17.6% sales increase in the first quarter, despite rising interest rates, continued inflation and growing economic uncertainty.
GM's U.S. dealers sold 603,208 new vehicles in the first three months of 2023 compared to 512,846 a year ago, boosted by greater access to inventory. For the first time, it sold more than 20,000 electric vehicles in the United States as it pursues building 1 million EVs in North America by mid-decade. It's on track to build 50,000 through June, according to a news release.
"GM is off to a great start in 2023," Steve Carlisle, GM executive vice president and president of North America, said in a statement. "All our brands have a lot of momentum heading into a busy season of new product launches."
