Forecast Of The Day: General Motors Number Of Vehicles Sold in North America

-5.39%
Downside
47.65
Market
45.08
Trefis
GM: General Motors logo
GM
General Motors

What?

General Motors (NYSE:GM) Total Number of Vehicles Sold in North America declined from 3.55 million in 2018 to 2.3 billion in 2021. Trefis expects the metric to recover to 2.7 million by 2023.

Why?

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Sales in recent years have been impacted by the Covid-19 pandemic and the semiconductor shortage. However, we expect deliveries to pick up going forward, driven by better chip supply and easing logistics issues.

So What?

We value GM stock at about $47 per share, about 45% ahead of the current market price.

See Our Complete Analysis For General Motors

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