G.M. Reports 24% Increase in Auto Sales for Quarter

Common Motors stated Monday that its new-vehicle gross sales in the USA elevated 24 p.c within the third quarter, indicating that the worldwide pc chip scarcity is starting to ease.

The automaker stated it offered 555,580 gentle vans and vehicles within the three-month interval ending Sept. 30, in contrast with 446,997 in the identical interval in 2021.

Different automakers are anticipated to report their gross sales totals in a while Monday. Ford Motor is scheduled to reveal its gross sales on Tuesday.

On Sunday, Tesla stated it delivered 343,000 electrical vehicles worldwide within the third quarter. That was a rise from a yr in the past however in need of analyst expectations. “This quarter was nothing to put in writing residence about,” Dan Ives, a Wedbush analyst, stated in a report.

A U.S. complete for Tesla was unavailable as a result of the corporate doesn’t break down gross sales by area.

Like most different automakers, Common Motors is within the midst of a elementary transition to electrical autos. On the similar time, the auto trade has been grappling with a scarcity of semiconductors in addition to the coronavirus pandemic, which have disrupted manufacturing at crops world wide.

G.M.’s gross sales within the third quarter have been a distinction to its sluggish efficiency in the identical quarter in 2021, when manufacturing of key elements in Asia was damage.

G.M. stated it offered greater than 14,700 Chevrolet Bolt electrical vehicles within the third quarter, its highest quarterly complete ever. The soar in Bolt gross sales comes after the corporate lowered costs on the car.

The corporate stated it deliberate to extend Bolt manufacturing subsequent yr to about 70,000 vehicles from this yr’s anticipated output of about 44,000.

In August, G.M. began manufacturing at a battery plant in Lordstown, Ohio. Battery packs made there shall be utilized in an electrical pickup truck and two electrical sport-utility autos G.M. plans to introduce in 2023.