GM and Stellantis Experience Slower Q4 Sales Growth, Impacted by UAW Strikes

Benzinga 2024-01-04

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GM and Stellantis reported slower US sales growth in Q4 2023 compared to earlier in the year, impacted by UAW strikes at some GM plants. Pent-up demand is being satiated while high prices and interest rates are causing some buyers to pull back from the market. Toyota's sales rose over 15% in the fourth quarter, aided by new hybrid models, while Hyundai also saw a 5% gain and a record sales year.

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