General Motors Co’s third-quarter U.S. auto sales jumped about 21%, the company said on Tuesday, fueled by improved supply and sustained demand for its SUVs and pickup trucks.
The Detroit automaker’s quarterly sales rose to 674,336 vehicles, from 555,580 vehicles a year earlier.
U.S. automakers have benefited from buyers snapping up more new vehicles for personal mobility against the background of better supplies and attractive financing offers.
Other automakers:
- Stellantis/FCA sales were down 1% over the same quarter last year, with a volume of 380,563 vehicles.
- Toyota Motor Corp reported a 12.2% rise in third-quarter U.S. auto sales. Kia and Hyundai have also posted higher U.S. sales for the quarter.
- Total sales of Honda-Acura were up a staggering 45.5% in September and 52.7% in Q3, with sales of CR-V and Accord hybrids particularly strong. Honda has sold more than 30,000 CR-Vs each month for the past seven months, more than half of them hybrids.
- Hyundai sold 200,534 vehicles, an increase of 9% over the same quarter last year.
- Kia sold 210,341 in the quarter and had its best-ever September.
- Subaru reported year-to-date sales up 16.5% but did not single out third-quarter sales.
- Nissan quarterly sales were up 40.8%. While Infiniti sales were up 47%.
- Mitsubishi sales were up 32.3% for the quarter, with U.S. sales of just over 22,000 vehicles.
Looking forward for GM, the ongoing coordinated strike from the United Auto Workers (UAW) union targeting some facilities at the Detroit Three automakers has threatened the supply of new vehicles in the fourth quarter.
GM said on Tuesday it had 442,586 vehicles in inventory.
While it did not address the impact of the latest strike, a 40-day UAW strike in 2019 led to a 6% fall in sales in the fourth quarter of that year and cost the automaker $3.6 billion.
