GM sees first quarter 2024 car sales dip – WKZO

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DETROIT, MI — General Motors says it saw a 1.5% decline in overall sales year over year (YoY) in the first quarter of 2024. Its fleet deliveries slipped 23%, according to Tuesday’s Q1 report.

GM says its U.S. dealers sold 594,233 new vehicles in the first three months of 2024 compared with 603,208 a year ago. It attributed the sales decline to the drop in fleet deliveries, which the automaker says were affected by temporary production constraints on midsize pickups and vans.

GM actually sold fewer electric vehicles in the first quarter of this year compared to a year ago. It sold 16,425 electric vehicles in the United States, down from 20,000 a year ago. Sales of EVs were plagued by a stop sale because of software issues for the new Chevrolet Blazer EV.

All of GM’s brands saw slight sales declines year-over-year except for Buick, which saw a 16% uptick thanks to aggressive incentive plans and low interest rates. Chevy and Cadillac both saw 2% declines. Meanwhile, GMC’s sales dropped 5%, according to the Q1 report.

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