General Motors Reports Decline in Sales and Record High Inventory Levels

Tuesday, 2 April 2024, 21:50

General Motors faced a 1.5% decrease in quarterly sales while witnessing a significant surge in inventory levels, marking the highest since 2020. The company's electric vehicles (EVs) notably experienced a decline of 20.5% year-on-year, impacting the overall performance.
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General Motors Reports Decline in Sales and Record High Inventory Levels

General Motors Quarterly Sales Report

General Motors reported a 1.5% drop in quarterly sales along with a notable increase in inventory levels, reaching the highest point since 2020. EVs played a crucial role in this scenario, with a significant 20.5% decline year-on-year according to CFRA analyst Garrett Nelson.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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