General Motors Co. U.S. dealers sold 555,580 vehicles in the third quarter, up 24% from last year as inventory levels improved and demand remained strong despite rising interest rates.
Three of GM's brands posted double-digit gains: Chevrolet was up 30%, GMC 24% and Cadillac 50%, while Buick was down 27%.
GM ended the third quarter with 359,292 vehicles in dealer inventory, including vehicles in-transit, which is an increase of 111,453 from the previous quarter and about three times more than the number available at the end of the third quarter last year.
