Existing trend in GM’s revenue
In Q1 2018, General Motors (GM) reported revenue of $36.1 billion, which reflected a decrease of 3.1% from $37.3 billion in Q1 2017. Its lower global sales volume continued to hurt its first-quarter revenues. It was the fourth consecutive quarter for GM’s revenue to fall. Now let’s find out what analysts are estimating for GM’s Q2 2018 revenue.
Revenue estimates for Q2
Analysts estimate GM’s Q1 2018 revenue at $37 billion, which is nearly flat compared to Q1 2017.
In contrast, analysts expect a 7% YoY (year-over-year) rise in GM’s fiscal Q3 2018 revenue. Its fiscal 2018 revenue is expected to grow 0.3% YoY.
In the first quarter, North America accounted for 77% of GM’s total revenues. In the first half of 2018, its US sales have risen 4.2% YoY, which should help its revenue in the region.
In 2017, GM announced its plan to exit several markets, including Europe, South and East Africa, and India. The move has affected its global sales volume and market share.
Among other legacy automakers (FXD), Ford (F), Fiat Chrysler (FCAU), and Toyota (TM) also make a large part of their revenues from the US auto market. For the last few quarters, FCAU and TM have been trying to strengthen their pickup truck lineup in the US market to benefit from the high truck demand.
In the next part of this series, we’ll find out what analysts are estimating for General Motors’ Q2 2018 profit margins.