Business News

GM's U.S. gross sales rose four.eight% in an in any other case dismal yr within the fourth quarter

2021 GMC Sierra HD pickup


General Motors US auto sales fell 11.8% in 2020 but showed strong signs of recovery in the fourth quarter, the company said Tuesday.

GM's domestic sales increased 4.8% in the last three months of last year compared to the same period last year. Retail sales for the entire auto industry returned to pre-pandemic levels in the fourth quarter. Commercial fleet customers also returned towards the end of the year.

Overall, GM's strong fourth quarter should be a good sign for the auto industry. The majority of automakers are expected to report their US sales on Tuesday. Domestic vehicle sales in 2020 are expected to decrease by at least 15% compared to 2019.

Related Articles