Basic Motors Co’s third-quarter U.S. auto gross sales jumped about 21%, the corporate mentioned on Tuesday, fueled by improved provide and sustained demand for its SUVs and pickup vehicles.
The Detroit automaker’s quarterly gross sales rose to 674,336 autos, from 555,580 autos a yr earlier.
U.S. automakers have benefited from patrons snapping up extra new autos for private mobility towards the background of higher provides and enticing financing gives.
Different automakers:
Stellantis/FCA gross sales had been down 1% over the identical quarter final yr, with a quantity of 380,563 autos.
Toyota Motor Corp reported a 12.2% rise in third-quarter U.S. auto gross sales. Kia and Hyundai have additionally posted increased U.S. gross sales for the quarter.
Complete gross sales of Honda-Acura had been up a staggering 45.5% in September and 52.7% in Q3, with gross sales of CR-V and Accord hybrids notably robust. Honda has bought greater than 30,000 CR-Vs every month for the previous seven months, greater than half of them hybrids.
Hyundai bought 200,534 autos, a rise of 9% over the identical quarter final yr.
Kia bought 210,341 within the quarter and had its best-ever September.
Subaru reported year-to-date gross sales up 16.5% however didn’t single out third-quarter gross sales.
Nissan quarterly gross sales had been up 40.8%. Whereas Infiniti gross sales had been up 47%.
Mitsubishi gross sales had been up 32.3% for the quarter, with U.S. gross sales of simply over 22,000 autos.
Trying ahead for GM, the continued coordinated strike from the United Auto Employees (UAW) union focusing on some services on the Detroit Three automakers has threatened the availability of latest autos within the fourth quarter.
GM mentioned on Tuesday it had 442,586 autos in stock.
Whereas it didn’t handle the impression of the most recent strike, a 40-day UAW strike in 2019 led to a 6% fall in gross sales within the fourth quarter of that yr and price the automaker $3.6 billion.