“We gained significant market share in the first quarter, pricing was strong, inventories are in very good shape, and we sold more than 20,000 EVs in a quarter for the first time,” GM executive vice president Steve Carlisle said in a statement.
Vehicle production took a hit after the pandemic disrupted supply of semiconductor chips and other raw materials, hurting carmakers’ ability to meet the upsurge in demand for personal mobility. The companies have been trying to make up for the lost production ever since as supply chain snags gradually ease.try where most vehicle purchases are financed with loans, analysts say, as they watch out for signs of plateauing demand.
“Consumers are facing credit uncertainty as rapidly rising interest rates have created barriers to entry for even the most qualified buyers,” said Jessica Caldwell, executive director of insights at auto research firm Edmunds.rose to 603,208 units in the first quarter from 512,846 a year earlier.
Car Car Latest News, Car Car Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: carguideph - 🏆 16. / 63 Read more »