GM's 2023 U.S. vehicle sales were its best since 2019

GM's 2023 U.S. vehicle sales were its best since 2019


DETROIT – General Motors’ U.S. vehicle sales increased 14.1% last year to represent the automaker’s best year since 2019, prior to the impacts of the coronavirus pandemic and yearslong supply chain problems.

The Detroit automaker on Wednesday reported sales of roughly 2.6 million vehicles in 2023, including 625,176 cars and trucks sold during the fourth quarter, roughly flat compared to a year earlier.

The automaker sold about 2.3 million vehicles in 2022 and 2.9 million units in 2019.

GM’s sales are in line with expectations for overall industry sales: Edmunds expects industrywide sales to hit 15.5 million in 2023, which would be a roughly 14% increase compared to 2022.

GM said it expects total U.S. industry sales to hit 16 million in 2024. That would mark the highest industry sales since more than 17 million units in 2019.

“GM has tremendous momentum. We grew our market share in 2023, maintaining strong pricing and low incentives,” Marissa West, GM senior vice president and president of North America, said in a release.

GM’s annual sales increase was led by a 61% increase in its Buick brand, followed by a 13.1% increase for its mainstream Chevrolet unit. Sales at the GMC and Cadillac brands were up roughly 9% each in 2023.

This is breaking news. Please check back for additional details.



Source

Fast-casual restaurants lean on loyalty programs to offset consumer pullback
Business

Fast-casual restaurants lean on loyalty programs to offset consumer pullback

A customer exits a Cava restaurant in New York City on June 22, 2023. Brendan McDermid | Reuters As some consumers pull back on spending amid economic uncertainty, fast-casual restaurant chains are leaning on rewards programs to pull them back in. Loyalty programs, which offer discounts or added perks for returning customers, have transitioned from […]

Read More
From mustard makeovers to beef tallow, six food and beverage trends that could take over
Business

From mustard makeovers to beef tallow, six food and beverage trends that could take over

Condiments are getting an upgrade. Chefs are taking their signature sauces and dips outside the kitchen. And “swicy” still reigns. Those food trends were all on display at the Specialty Food Association’s Summer Fancy Food Show, which returned to the Javits Center in New York this week. From Sunday to Tuesday, more than 2,000 exhibitors […]

Read More
Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’
Business

Top five tax changes for the wealthy in Trump’s ‘big beautiful bill’

A view of the US Capitol in Washington, DC, on June 30, 2025. Jim Watson | Afp | Getty Images The wealthy will likely see a host of new tax breaks in President Donald Trump’s “big beautiful bill,” along with permanent extensions of many of the 2017 tax cuts, according to tax experts. Taxpayers earning […]

Read More