General Motors' Profits Surge 15% as US Vehicle Prices Approach $50,000
Tuesday, 23 July 2024, 14:50
General Motors Sees Revenue Growth
In the second quarter, General Motors reported a remarkable 15% increase in net income, supported by rising vehicle prices in the U.S.
U.S. Vehicle Pricing Trends
- The average price of a new vehicle sold last quarter was nearly $50,000.
- This increase in vehicle pricing is fueling greater net earnings for GM.
As consumers adapt to higher prices for new automobiles, General Motors is strategically positioned to capitalize on these changes.
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