GM Sales Drop Nearly 10% as High Prices and Gas Costs Hit Buyers
GM sales fell 10% in Q1 2026 due to high 2025 sales, storms, and pricey cars; some SUVs did well, EVs dropped 28%.
GM sales fell 10% in Q1 2026 due to high 2025 sales, storms, and pricey cars; some SUVs did well, EVs dropped 28%.
Wolfe Research upgraded General Motors to Outperform and set a $96 price target. Strong 2027 tailwinds expected from pickup refresh, lower warranty costs, reduced tariffs, and better EV results.
BofA updates ratings on Rivian, Lucid, GM, and Ford. EV startups face headwinds from slower adoption, while traditional giants like GM and Ford benefit from regulatory changes favoring gas-powered trucks and SUVs.
General Motors (GM) projects $13-15B in adjusted earnings for 2026, announces $6B share buyback program and 20% dividend increase, driven by strong truck and SUV sales despite EV pullback.
General Motors (GM) announces $6 billion in EV-related charges as demand weakens and Trump eliminates tax credits, joining Ford in massive electric vehicle pullback.
Piper Sandler upgraded Ford, GM, and Stellantis to Overweight, raising price targets and highlighting improved strategy, cash flow strength, and upside potential through 2026–2027.