GM’s US sales fell 1.5% in the first quarter

General Motors (GM) disclosed that its new vehicle sales in the US in the first quarter fell 1.5% year-on-year to more than 594,000 vehicles, mainly due to a 22.9%decline in fleet sales; retail sales rose 6% year-on-year.

GM’s new vehicle sales are in line with Cox Automotive’s expectations, but underperform the overall market. According to the auto industry’s estimate, the overall new vehicle sales in the US rose 5.5% in the first quarter; GM’s electric vehicle sales in the first quarter were 16,000 vehicles, accounting for 2.8%.

Among other car makers, Toyota’s new vehicle sales in the US rose 16% in the first quarter to 388,000 vehicles; Honda’s first-quarter sales rose 17.3% to 334,000 vehicles; Nissan rose 7.2% to 252,000 vehicles; Hyundai’s sales in South Korea rose 0.2% to nearly 77,000 vehicles.

Electric vehicle company Rivian recorded 13,588 vehicles in the first quarter, compared with 7,946 in the same period last year.

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