Start United States USA — Financial GM reports 40% 2Q sales increase over pandemic-marred 2020 second quarter

GM reports 40% 2Q sales increase over pandemic-marred 2020 second quarter

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In total, the automaker sold 688,236 vehicles from April through June.
Detroit — Strong consumer demand led General Motors Co. to a 40% second-quarter U.S. sales increase in what the automaker called a „unique market“ with dwindling inventories because of global supply issues. In total, the automaker sold 688,236 vehicles from April through June, but the increase over last year is unsurprising as the second quarter of 2020 was marred by the coronavirus pandemic that led to several dealership shutdowns and economic uncertainty. At that time, GM reported a 34% sales decline from the second quarter of 2019 when it sold 746,659 vehicles. Still, demand has been stronger than expected following the pandemic shutdowns of 2020. Experts and automakers don’t see it slowing as the industry continues to battle a semiconductor part shortage that’s leading to tight inventories and encouraging customers to buy now.

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