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General Motors, Ford Hit Record EV Deliveries In Q3: Tax Credit Expiration Or Lasting Growth?
Yahoo Finance· 2025-10-02 18:11
Core Insights - Ford and General Motors reported record electric vehicle (EV) sales in Q3, raising questions about the sustainability of this growth post-expiration of the $7,500 federal tax credit [1][6] Ford's Performance - Ford's overall automotive sales in the U.S. increased by 8.2%, marking the seventh consecutive month of sales growth [2] - Electric vehicle sales reached 85,789 units, a year-over-year increase of 19.8% [2] - The Mustang Mach-E achieved its best quarter ever with sales up 50.7% year-over-year, while the F-150 Lightning sold 10,005 units, up 16.5% quarter-over-quarter [2] General Motors' Performance - General Motors sold a record 66,501 electric vehicles in Q3, attributing strong demand to the expiration of the federal tax credit [4] - The Equinox EV became the bestselling non-Tesla electric vehicle in the U.S. [4] - GM's Cadillac brand had three of the top 10 bestselling luxury EVs in the U.S. through September [5] - Year-to-date, GM sold 144,668 EVs, a 103% increase year-over-year [5] Industry Context - Tesla also reported a record quarter with 497,009 vehicles delivered in Q3, coinciding with the last quarter of the $7,500 federal EV tax credit [6] - The fourth quarter may see a significant decline in sales compared to Q3, with the first quarter of the following year expected to be a critical test for the U.S. EV market without the tax credit [7]
Is GM the Best Automaker to Invest in Now?
ZACKS· 2025-10-01 22:05
General Motors (GM) stock has often caught the attention of value investors, trading at relatively suppressed levels despite its robust financial metrics.What has held GM shares back, you might ask, is the perception that the historic automaker won’t be able to sustain its dominance in an increasingly competitive and innovative market.However, GM has continued to invest in electric vehicles (EVs) and autonomous driving through its subsidiary Cruise, which is lifting sentiment in regard to its long-term gro ...
3 Reasons General Motors Stock Is a Screaming Buy
The Motley Fool· 2025-08-16 13:23
Core Viewpoint - General Motors is emerging as a strong automotive investment due to its strategic share buybacks, significant investments in brands and products, and a successful turnaround in the Chinese market [1][13]. Group 1: Share Buybacks - General Motors has focused heavily on share buybacks, trading at a low price-to-earnings ratio of eight [2]. - The company has spent nearly $25 billion on share repurchases over the past three years, reducing shares outstanding from 1.5 billion to 950 million [5]. - This aggressive buyback strategy is beneficial for investors as long as the stock remains undervalued [5]. Group 2: Investment in Brands and Products - General Motors has invested billions in its portfolio of brands and vehicles, leading to strong performance for Chevrolet and GMC in 2025 [6][10]. - The company has launched updated crossovers, SUVs, and electric vehicles (EVs), with profitable trucks set to follow [8]. - Chevrolet has become the second-largest EV brand in the U.S., with the Equinox EV achieving record sales in July [9]. Group 3: Turnaround in China - General Motors faced challenges in China due to a price war with domestic brands, prompting a $4 billion restructuring strategy [11][12]. - The company has recently reported two consecutive quarters of sales increases, with a 20% rise in Q2 [12]. - GM's focus on local innovations and customer choices is driving profitable growth in the Chinese market [12].
Ford's Mach-E Woes Fuel EV Sales Slump: Is it Re-Strategizing?
ZACKS· 2025-07-07 15:31
Core Insights - Ford's electric vehicle (EV) sales have significantly declined, with a 31.4% drop in the second quarter, resulting in 16,438 units sold compared to 23,957 units in the same period last year [1][9] - The decline is attributed to a recall of the Mustang Mach-E due to a software glitch and factory shutdowns in preparation for the 2025 model year [2][9] - Ford plans to launch a new lineup of EVs starting at prices below $30,000 in 2027 to refocus on affordability [4][9] Sales Performance - In the second quarter, Ford sold 5,842 F-150 Lightning trucks, a 26% decline from the previous year [3] - Mustang Mach-E sales fell by 19.5% to 10,178 units, while E-Transit sales plummeted 87.7%, with only 418 units sold [3] Competitive Landscape - General Motors (GM) experienced a strong second-quarter sales growth of 111% in EVs, with a market share of 16% [6] - Tesla reported a 14% decline in deliveries, totaling 384,122 vehicles, marking the second consecutive quarter of double-digit declines [7] Financial Metrics - Ford's shares have decreased by approximately 1.9% over the past year, slightly better than the industry's decline of 2.1% [8] - The company trades at a forward price-to-sales ratio of 0.29, below the industry average, and holds a Value Score of A [10]
GM Beats Tesla in EV Growth, Reports 7% Jump in Overall Q2 Deliveries
ZACKS· 2025-07-04 15:20
Sales Performance - General Motors Company (GM) experienced a 7.3% year-on-year sales growth in Q2, with total deliveries reaching 746,588 vehicles, following a 16.7% increase in Q1, resulting in a 12% rise in the first half of 2025, marking GM's best first-half performance since 2019 [1][7] - In contrast, Tesla, Inc. (TSLA) reported a decline in deliveries, with 384,122 vehicles delivered in Q2, representing a 14% decrease from the previous year, marking the second consecutive quarter of double-digit declines [1] Electric Vehicle (EV) Market - GM has launched 11 EV models over the past two years, with Chevrolet achieving a remarkable 134% growth in H1 sales, driven by the Equinox EV, which is now among the top three best-selling EVs [2] - Cadillac emerged as the leader in the luxury EV market share in Q2, contributing to GM's overall EV market share of 16%, closely aligning with its total market share of 17% in the same quarter [2] Strategic Investments - The increase in sales is attributed to GM's investments in crossovers, SUVs, and pickups, both gas and electric, which allowed the company to surpass the estimated 4% total auto industry growth [3] - To further enhance production capabilities and mitigate the effects of tariffs and government policies, GM plans to invest approximately $4 billion in U.S. production [3][7]
3 Reasons to Buy This Top Auto Stock Before It's Too Late
The Motley Fool· 2025-05-31 13:47
Core Viewpoint - General Motors (GM) is positioned as a strong investment opportunity due to its robust sales in full-size trucks and SUVs, significant progress in electric vehicles (EVs), and effective shareholder value return strategies. Group 1: Shareholder Value Return - GM has excelled in returning value to shareholders primarily through share repurchases, which have led to an increase in earnings per share as the number of shares outstanding declines [2] - In late 2023, GM initiated a $10 billion accelerated share repurchase program, completed by Q4, and approved an additional $6 billion buyback in June 2024, alongside a 25% increase in its dividend [4] - The company generated $14 billion in adjusted automotive free cash flow in 2024 and returned approximately $7.6 billion to shareholders, maintaining liquidity for growth and strategic initiatives [5] Group 2: Electric Vehicle Progress - GM's EV sales surged by 94% in Q1, capturing a 10.4% market share in the U.S., positioning the company as the No. 2 EV seller in the country [6] - Chevrolet has emerged as the fastest-growing EV brand, with 60% of EV buyers trading in non-GM vehicles, indicating a successful brand expansion [7] - The company must continue to focus on reducing EV costs, particularly battery expenses, to enhance its business segment in the future [7] Group 3: Challenges in China - The Chinese market is experiencing a severe price war among competitors in the EV sector, adversely affecting foreign automakers, including GM [9] - GM proactively undertook a significant restructuring effort costing $5 billion, which included rightsizing operations and launching new vehicles, resulting in a 40% sequential sales increase in Q4 2024, the largest since Q2 2022 [10] Group 4: Overall Assessment - GM is currently performing well across various segments, with strong sales of gasoline-powered vehicles and expanding EV capabilities, alongside aggressive share buybacks contributing to stock price appreciation [11]
Ford and GM report big sales boosts as Trump's tariffs threaten to raise prices and hit their profits
Business Insider· 2025-04-02 10:10
Core Insights - GM and Ford reported significant increases in vehicle sales ahead of the Trump administration's 25% tariffs on imported vehicles, with GM's sales up nearly 17% and Ford's retail sales increasing by 19% in March [1][2] - The tariffs are expected to have a severe impact on the automotive industry, potentially raising new car prices by $4,000 to $12,000, particularly affecting electric vehicles [3] Group 1: Sales Performance - GM's new vehicle sales jumped nearly 17% compared to the first quarter of the previous year [1] - Ford reported a 19% increase in retail sales for March and a 5% increase overall for the quarter, alongside a 94% increase in electric vehicle sales [1] - Hyundai experienced its second-biggest month for sales ever in March, while Toyota reported a 44% increase in US sales of hybrids and electric vehicles [4] Group 2: Impact of Tariffs - The 25% tariffs on imported vehicles are set to take effect, with GM and Ford being particularly exposed due to their manufacturing in Mexico [2] - Analysts have warned that the tariffs could wipe out profits for the Detroit "Big Three" automakers, which include GM, Ford, and Stellantis [3] - Customers are reportedly rushing to buy cars before the tariffs take effect, leading to increased sales across multiple automakers [4][5]