Ford, GM see strong US consumer demand for vehicles

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Go back to Ford, GM see strong US consumer demand for vehicles

General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand

June 15, 2023 2:39 PM EDT

Top executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.

Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.

"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... More