Detroit automaker General Motors (GM) has reported that its first-quarter 2026 U.S. vehicle deliveries declined 10% from a year earlier.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
GM, as the company is commonly known, reported Q1 vehicle deliveries of 626,429 units, representing a 9.7% decline compared to the same period in 2025. The automaker blamed the sales decrease on winter storms in January and February that impacted market conditions and kept consumers at home.
Management at GM said they saw signs of sales momentum in March as the weather improved. And, despite the decline, General Motors said it led the U.S. auto sector in sales for the year’s first quarter. GM added that it faced tough comparisons from a year ago when industry-wide sales exceeded 18 million units.
GM’s Market Share Gains
General Motors also reported market share gains in full-size pick-up trucks and maintained its position as the second-largest electric vehicle seller in the U.S. auto industry during Q1 of this year. The company’s Cadillac division recorded a 20% increase in its electric vehicle (EV) sales during the quarter.
“We saw showroom traffic and sales steadily improve after January’s storms and March was a much stronger month,” General Motors said in a news release. GM stock has declined 7% so far in 2026 amid a broader drop in the stock market due to the war in Iran and geopolitical instability.
Is GM Stock a Buy?
General Motors’ stock has a consensus Moderate Buy rating among 19 Wall Street analysts. That rating is based on 15 Buy, three Hold, and one Sell recommendations issued in the last three months. The average GM price target of $95.50 implies 27% upside from current levels.
