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Where GM’s 2Q17 Revenues Fell the Most

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General Motors’ revenues

In 2Q17, General Motors’ (GM) revenues stood at $37.0 billion, representing a fall of about 1.1% from its revenues of $37.4 billion in 2Q16. This marginal YoY (year-over-year) fall in revenues was primarily driven by the company’s lower sales volumes.

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2Q17 sales volume fell

In 2Q17, GM sold about 2.34 million vehicle units globally, which is 2.0% lower than its global sales in 2Q16. Its sales in its largest single market, North America, remained weak at ~879,000 vehicle units, or 3.4% lower on a YoY basis.

Weak North America revenues

In 2Q17, North America accounted for about 77% of GM’s total revenues. GM’s 2Q17 revenue from North America stood at $28.4 billion, reflecting a 5.9% YoY decline.

Ongoing weakness in US auto demand hurt GM’s revenues and sales volumes in North America the most. However, the demand for pickup trucks and utility vehicles did stay strong during the quarter, and this had a positive impact on revenues.

Legacy automakers (FXD) Ford Motor (F), Fiat Chrysler Automobiles (FCAU), and Toyota Motor (TM) also have significant exposure to the North American auto market.

Notably, in 1Q17, GM’s North America revenues rose 11% to $29.3 billion.

Continue to the next part for a look at how GM performed in other key markets in 2Q17.

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