DETROIT (AP) — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the
FILE - Unsold 2024 Escalade utility vehicles sit in a row outside a Cadillac dealership on June 2, 2024, in Lone Tree, Colo. General Motors reports earnings on Tuesday, July 23, 2024. DETROIT — U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
While the average sales price was down slightly from a year ago, GM sold 903,000 vehicles to dealers in North America during the quarter, 70,000 more than the same period in 2023. Sales in its international unit, however, fell 7,000 to 140,000, the company said. Industrywide, U.S. buyers paid an average of $47,616 per vehicle in June, down 0.7% from a year ago, according to Edmunds.com. Discounts per vehicle more than doubled from a year ago to $1,819.
“To date, what we’ve seen in July so far, is it looks very, very similar to June,” Jacobson said. The company is “making sure we put products in the market that our customers love, and the pricing takes care of itself,” he said. Jacobson conceded the company has some ground to cover to hit its full-year targets, but said the new Chevrolet Equinox small SUV is just reaching showrooms, and production of other models is rising as battery plants in Tennessee and Ohio ramp up their output.
The autonomous vehicle unit will rely on next-generation Chevrolet Bolt electric vehicles when it tries to resume carrying passengers without human safety drivers.
Sports Weather Traffic Talk And Community. Home Mynorthwest.Com
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
Read more »
With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago. And despite analyst predictions of growing U.S.
Read more »
With US vehicle prices averaging near $50K, General Motors sees 2nd-quarter profits rise 15%U.S. customers who bought a new General Motors vehicle last quarter paid an average of just under $49,900, a price that helped push the company’s net income 15% above a year ago.
Read more »
General Motors taps former Xbox engineer as new CEO for CruiseGeneral Motors on Tuesday named a veteran technology executive with roots in the video game industry to steer its troubled robotaxi service Cruise as it tries to recover from a gruesome collision that triggered the suspension of its California license.
Read more »
General Motors to pay nearly $146 million for cars that violated emissions regulationsPolitical News and Conservative Analysis About Congress, the President, and the Federal Government
Read more »
General Motors Fined $146 Million After Cars Emitted Excess CarbonMolly Bohannon is a reporter on the news team, where she covers a range of breaking news stories including politics, foreign and national news, and the intersection of business and entertainment. Most recently she has led Forbes' coverage of cease-fire negotiations in the war between Israel and Hamas.
Read more »