GM’s US gross sales rose 4.8% in an in any other case dismal 12 months within the fourth quarter
2020 Chevrolet Corvette
General Motors US auto sales fell 11.8% in 2020 but showed strong signs of recovery in the fourth quarter, the company said Tuesday.
GM’s domestic sales increased 4.8% in the last three months of last year compared to the same period last year. Retail sales for the entire auto industry returned to pre-pandemic levels in the fourth quarter. Commercial fleet customers also returned towards the end of the year.
Overall, GM’s strong fourth quarter should be a good sign for the auto industry. The majority of automakers are expected to report their US sales on Tuesday. Domestic vehicle sales in 2020 are expected to decrease by at least 15% compared to 2019.
GM announced it had gained market share with retail and fleet customers in the fourth quarter and for the full year.
“GM has significantly outperformed the industry for the quarter and for the full year as our manufacturing and supply chain teams and distributors have helped ensure employee safety at work and our launches,” said Steve Carlisle, GM vice president and president of GM North America said in a press release.
The automaker’s sales during the year, including the fourth quarter, were mainly led by sales of its pickups and SUVs. Other notable gains were the Chevrolet Corvette, up 20.2%; all-electric Chevrolet Bolt EV, up 26.4%; and Encore GX, a small crossover that tops the Buick sales charts in its first year.