GM Archives

Cox Automotive Analysis: General Motors’ Q3 2023 U.S. Market Performance 10/23/2023 The UAW strike against GM and the other Detroit automakers will overshadow what had been expected to be a solid quarter for the automaker, which reports third-quarter financial results before the stock market opens on Tuesday, Oct. 24. The UAW strike started Sept. 15 against three U.S. assembly plants, one for each automaker. GM’s Wentzville, Missouri, plant that makes its midsize Chevrolet Colorado and GMC Canyon… Read Article

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Cox Automotive Analysis: General Motors’ Q2 2023 U.S. Market Performance 07/24/2023 General Motors’ higher vehicle sales and strong ATPs are expected to produce improved financial results from a year ago, when the automaker reports second-quarter earnings before the stock market opens on Tuesday, July 25. Wall Street analysts have been upping their forecast for GM’s results throughout the second quarter and say they will not be surprised if GM exceeds their expectations, as has been the case… Read Article

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Cox Automotive Analysis: General Motors’ Q1 2023 U.S. Market Performance 04/24/2023 Lately, General Motors has made a habit of beating analysts’ forecasts, and it may well happen again when the Detroit automaker reports 2023 first-quarter earnings before the stock market opens Tuesday, April 25. Analysts expect GM earnings to be lower than the year-ago quarter even with higher revenues, but they admit an upside surprise is possible. Many plus and minus factors must be considered. On the… Read Article

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Cox Automotive Analysis: General Motors’ Q4 2022 U.S. Market Performance 01/30/2023 General Motors closed 2022 on a high note, which could mean an upside surprise when the automaker reports earnings for the fourth quarter and full-year 2022 on Tuesday, Jan. 31. Financial analysts forecast that GM will report a 22% improvement in quarterly earnings from the fourth quarter of 2021 on revenue climbing to $42 billion. Analysts note that for three of the last four quarters, GM’s… Read Article

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Cox Automotive Analysis: General Motors’ Q3 2022 U.S. Market Performance 10/24/2022 General Motors had a lot of good news in the third quarter. Sales shot up while the industry was flat. GM is back on top for U.S. sales, winning its long-held crown back from Toyota, which snatched it in 2021. Transaction prices kept climbing while GM continued to slash incentive spending. While GM will report higher year-over-year vehicle sales and higher revenues in the U.S., analysts… Read Article

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Cox Automotive Analysis: GM’s Q2 2022 U.S. Market Performance 07/26/2022 General Motors is expected to report a year-over-year decline in earnings, despite higher revenues, when it reports financial results for the second quarter on Tuesday, July 26, before the stock market opens. But then again, GM has beaten analysts’ forecasts for the past four quarters. Indeed, the quarter was challenging as GM continued to battle supply chain issues. GM reported at the end of June that… Read Article

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Cox Automotive Analysis: GM’s Q1 2022 U.S. Market Performance 04/26/2022 General Motors posts first-quarter 2022 financial results after the stock market closes on Tuesday, April 26. The quarter was challenging, marked by supply-chain disruptions, production cuts, and low inventories. On the positive side, GM in the U.S. slashed costly incentives and boosted sales of many of its profit-rich trucks and SUVs. Here are some data points from Cox Automotive on GM’s first-quarter market performance in the… Read Article

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Cox Automotive Analysis: GM’s Q4 2021 U.S. Market Performance 01/31/2022 General Motors reports fourth-quarter and full-year 2021 financial results after the stock market closes on Tuesday, Feb. 1, and is expected to post solid results. The headline news for the year was that GM was outsold by Toyota, in the fourth quarter and for the full year. GM vastly underperformed the U.S. market in sales in the fourth quarter, causing its market share to plummet. Still,… Read Article

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Cox Automotive Analysis: GM’s Q3 2021 U.S. Market Performance 10/26/2021 General Motors reports third-quarter 2021 financial results on the morning of Wednesday, October 27. The results will reflect GM’s production and inventory challenges due to the global computer chip shortage that cut into sales. In the U.S., which accounts for the bulk of GM’s revenue and profits, sales plunged by a third during the third quarter. GM underperformed the market, allowing Toyota to surpass it in… Read Article

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Cox Automotive Analysis: GM’s Q2 2021 U.S. Market Performance 08/03/2021 General Motors reports second-quarter 2021 financial results on the morning of Wednesday, Aug. 4. GM was forced to cut production due to the global computer chip shortage in the quarter. Its GMC and Chevrolet divisions had among the industry’s skimpiest inventories, as did all of GM’s trucks and full-size SUVs. However, GM was able to post sales increases for its most profitable truck and SUV models… Read Article

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