General Motors’ U.S. light-vehicle gross sales rose 41 % within the fourth quarter to complete 2022 barely larger than 2021. This marks the second straight yr GM is the top-selling automaker within the U.S. after falling behind Toyota Motor North America in 2020.
GM’s fourth-quarter positive aspects adopted a 43 % drop for a similar interval a yr earlier associated to the continuing semiconductor scarcity that has curtailed car manufacturing. GM delivered 623,261 automobiles from October by way of December, up from 440,745 automobiles within the fourth quarter of 2021.
GM stated buyer demand and provide enhancements contributed to the positive aspects within the fourth quarter.
For the total yr, GM offered 2.27 million automobiles within the U.S., up 2.5 % from 2021.
All GM manufacturers besides Buick posted will increase for the fourth quarter, led by Cadillac. The Encore was Buick’s solely mannequin to put up a gross sales achieve. Among different GM manufacturers, solely the Chevrolet Blazer, Camaro and Colorado and the GMC Yukon noticed gross sales declines.
Brands: Buick, down 6.5 %; Cadillac, up 75 %; Chevrolet, up 43 %; GMC, up 42 %.
Notable nameplates: Buick Enclave, down 11 %; Encore GX, down 10 %; Envision, down 18 %; Camaro, down 20 %; Cadillac Escalade, up 9.4 %; XT6, up 93 %; Chevrolet Blazer, down 17 %; Colorado, down 4 %; Corvette, up 10 %; Equinox, up 243 %; Silverado, up 23 %; Suburban, up 14 %; Tahoe, up 0.8 %; Trailblazer, up 17 %; Trax, up 267 %; GMC Acadia, up 229 %; Sierra, up 25 %; Yukon, down 7.1 %.
Incentives: $1,419 per car, down 72 % from a yr earlier, in line with TrueCar.
Average transaction worth: $52,421, up 19.5 % from a yr earlier, in line with TrueCar.
Fleet combine: GM stated fleet gross sales rose 101 % within the fourth quarter and 44 % for the total yr. Fleet gross sales represented 21 % of the gross sales combine.
Inventory: GM stated stock was 410,682 as of December, together with automobiles in transit.
Quote: “GM is carrying strong momentum in North America into 2023,” stated Steve Carlisle, president of GM North America, in a press release. “We see opportunities to grow our EV market share with nine all-electric models on sale, expand our truck leadership with four new Chevrolet and GMC heavy-duty and midsize pickups, and win new customers with the affordable and stylish 2024 Chevrolet Trax, which is the best entry-level vehicle we’ve ever built.”
Source: www.autonews.com