GM sold 2.6 million vehicles in the U.S. in 2023 with 14% YOY growth

General Motors (GM) today published its 2023 business results including 2.6 total vehicle sales with 14% year-on-year growth.

From the overall market, the company sold 1.3 million full-size pickups and vans, midsize pickups, and full-size SUVs. The company said it sold 75,883 electric vehicles in 2023 with a 93% year-on-year increase.

GM’s sub-brand Chevrolet recorded a 13% increase, Cadillac 9%, Buick 61%, GMC 9%, and Envolve 20% year-over-year increase.

2024:

Going forward, GM is expecting new models launch the Chevrolet Equinox EV, Cadillac Escalade IQ, Cadillac CELESTIQ, and Cadillac OPTIQ.

New or redesigned ICE models launching include the GMC Acadia, Chevrolet Equinox, Buick Envision, Chevrolet Traverse, Cadillac CT5, GMC Yukon, Chevrolet Tahoe, and Chevrolet Suburban.

The company is also scaling production of Cadillac LYRIQ, Chevrolet Silverado EV, GMC HUMMER EV, and Chevrolet Blazer EV.

“GM has tremendous momentum. We grew our market share in 2023, maintaining strong pricing and low incentives. We led the industry in trucks and had great success with our affordable SUVs like the Chevrolet Trax and Buick Envista, some of today’s hottest-selling vehicles,” said Marissa West, GM senior vice president and president, of North America. “In 2024, we expect industry sales to remain strong and we’re excited about the opportunities ahead as we expand customer choice with new vehicles like the Chevrolet Equinox EV and Cadillac Escalade IQ.”

(source – GM)