DETROIT (Michigan News Source) – First quarter sales at General Motors jumped by more than 17% even as interest rates are rising and inflation continues to increase.
The automaker said they sold more than 603,000 vehicles between January and March and they sold more than 20,000 EV’s in the U.S. for the first time ever.
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All of the company’s brands saw sales increases for the quarter with Buick sales nearly double of last year. Chevrolet sales were up nearly 16%, Cadillac jumped by more than 28%, and GMC sales increased by nearly eight-percent. Sales to fleet companies jumped 27%.
With some people increasingly concerned about high vehicle prices, GM noted that new versions of its affordable Chevrolet Trax and Trailblazer and Buick Encore crossovers will be arriving at dealers over the next several months. All three will have starting prices below $30,000.
