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7/1, 4:56 PM (Source: TeleTrader)
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GM car sales jump nearly 40% in second quarter

General Motors announced on Thursday the company's vehicle sales in the United States jumped 39.7% to 688,236 in the second quarter of 2021 compared to last year's sales.

The figure came in below analyst expectations due to the chip shortage which has significantly affected vehicle production across the globe.

"Consumer demand for vehicles is also strong, but constrained by very tight inventories. We expect continued high demand in the second half of this year and into 2022," GM's chief economist Elaine Buckberg said in a statement.

Breaking the News / JC