At about 16.9 percent, General Motors (GM) held a significant portion of the U.S. market in 2023. However, over the course of the last two decades, GM has lost a considerable amount of market share, which stood at about 28 percent some 19 years ago.
The company
General Motors is a multinational company headquartered in Detroit and is ranked among the leading automobile manufacturers worldwide based on revenue. GM has had some variability in the number of cars sold worldwide with a decline in recent years, especially after selling the Opel and Vauxhall brands to PSA. However, GM's financial statements indicate that there has been a recent increase in income globally, with 2023 having the highest sales revenue. The company's revenue had started to drop significantly in 2019, but by 2023, the company had recovered from the financial impact of the COVID-19 pandemic and supply chain shortages. GM includes many brands such as Chevrolet, Buick, GMC, Cadillac, and several other companies.
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Statista. (March 11, 2024). General Motors' market share in the United States from 2015 to 2023, based on vehicle sales [Graph]. In Statista. Retrieved October 14, 2024, from https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/
Statista. "General Motors' market share in the United States from 2015 to 2023, based on vehicle sales." Chart. March 11, 2024. Statista. Accessed October 14, 2024. https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/
Statista. (2024). General Motors' market share in the United States from 2015 to 2023, based on vehicle sales. Statista. Statista Inc.. Accessed: October 14, 2024. https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/
Statista. "General Motors' Market Share in The United States from 2015 to 2023, Based on Vehicle Sales." Statista, Statista Inc., 11 Mar 2024, https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/
Statista, General Motors' market share in the United States from 2015 to 2023, based on vehicle sales Statista, https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/ (last visited October 14, 2024)
General Motors' market share in the United States from 2015 to 2023, based on vehicle sales [Graph], Statista, March 11, 2024. [Online]. Available: https://www.statista.com/statistics/239607/vehicle-sales-market-share-of-general-motors-in-the-united-states/