{"id":117514,"date":"2024-10-23T17:35:50","date_gmt":"2024-10-23T10:35:50","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=117514"},"modified":"2024-10-23T17:35:50","modified_gmt":"2024-10-23T10:35:50","slug":"gm-reports-q3-revenues-of-nearly-49-billion-chevy-equinox-appears-to-be-a-hit","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=117514","title":{"rendered":"GM Reports Q3 Revenues Of Nearly $49 Billion, Chevy Equinox Appears To Be A Hit"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"\">\n<p class=\"lead\">\n                            The ICE-powered Equinox is attracting young buyers and average transaction prices have shot up around $6,000                        <\/p>\n<div class=\"article-image mob-full\" style=\"--aspect-ratio:16\/9;\">\n                            <!--<img decoding=\"async\" src=\"https:\/\/www.carscoops.com\/assets\/images\/car.jpg\" alt=\"\" class=\"img-center\">--><\/p>\n<picture><source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/2025-Chevrolet-Equinox.webp 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/2025-Chevrolet-Equinox-400x225.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/2025-Chevrolet-Equinox-1024x576.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/2025-Chevrolet-Equinox-768x432.webp 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/2025-Chevrolet-Equinox-1536x864.webp 1536w\" sizes=\"(min-width: 1300px) 832px, (min-width: 1055px) calc(100vw - 372px), 100vw\"\/><img loading=\"lazy\" decoding=\"async\" class=\"ingallery no-lazy img-center\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox-1024x576.jpg\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox.jpg 1920w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox-400x225.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox-1024x576.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox-768x432.jpg 768w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/2025-Chevrolet-Equinox-1536x864.jpg 1536w\" sizes=\"auto, (min-width: 1300px) 832px, (min-width: 1055px) calc(100vw - 372px), 100vw\" alt=\" GM Reports Q3 Revenues Of Nearly $49 Billion, Chevy Equinox Appears To Be A Hit\" width=\"1920\" height=\"1080\"\/><\/picture>                        <\/div>\n<\/p><\/div>\n<div>\n                        <!--\n                        \n\n<div class=\"article__ads-panel_ inarticlead_ in-article1\">\n                            \n\n<div id='div-gpt-ad-3499414-6' ><\/div>\n\n\n                        <\/div>\n\n--><\/p>\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-1 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:100%\">\n<ul>\n<li>GM had a strong third quarter as the company reported revenues of $48.8 billion.<\/li>\n<li>Helping to aid that success was an assortment of new and highly profitable vehicles including the Chevrolet Traverse and GMC Acadia.<\/li>\n<li>The company\u2019s full-size trucks and SUVs are also performing well, and updated versions of the Chevrolet Tahoe \/ Suburban, GMC Yukon, and Cadillac Escalade will arrive at dealers shortly.<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p>General Motors has released their third quarter results and investors were loving it as the company\u2019s stock shot up nearly 10% to close at $53.73 per share. That\u2019s nearly a 52-week high and the strong performance was fueled by an assortment of positive developments.<\/p>\n<p>Jumping right into the numbers, the automaker reported third quarter revenues of $48.8 billion as well as a net income attributable to stockholders of $3.1 billion. This impressive performance pushed the company to raise their full year guidance as they\u2019re now expecting diluted earnings per share in the range of $9.14 \u2013 $9.64, which is up from the previous estimate of $8.93 \u2013 $9.93. The company also expects their full year net income attributable to stockholders to be $10.4 billion \u2013 $11.1 billion, instead of $10.0 billion \u2013 $11.4 billion.<\/p>\n<p><strong>More: <a href=\"https:\/\/www.carscoops.com\/2024\/08\/2025-gmc-yukon-gets-a-much-needed-interior-overhaul-and-beefier-diesel\/\">2025 GMC Yukon Gets A Much-Needed Interior Overhaul And Beefier Diesel<\/a><\/strong><\/p>\n<p>In a letter to shareholders, GM CEO Mary Barra said they grew U.S. retail market share in the third quarter with \u201cabove-average pricing, well-managed inventories, and below-average incentives.\u201d The executive also pointed to improved sales in China as well as continued progress on EV production and profitability targets. Speaking of the latter, she said \u201cwe are focused on optimizing our ICE margins and working to make our EVs profitable on an EBIT basis as quickly as possible.\u201d<\/p>\n<p>Since most of the financial stuff is a snooze fest, let\u2019s look at some interesting tidbits. Among the key points GM wanted to hammer home was leadership in full-size trucks and SUVs. They\u2019re \u201c#1 in full-size pickups\u201d and are enjoying the best year-to-date total sales since 2007. GM\u2019s position is pretty dominant as they have a 44% share of the full-size truck retail market.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4.jpg\" data-type=\"inarticle-image-block\"> &#13;<\/p>\n<figure class=\"wp-block-image size-large\">&#13;\n                <picture>&#13;<source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4.webp 1530w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-400x213.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-1024x545.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-768x409.webp 768w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"lazy \" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4.jpg 1530w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-400x213.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-1024x545.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-768x409.jpg 768w\" sizes=\"auto, (max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" GM Reports Q3 Revenues Of Nearly $49 Billion, Chevy Equinox Appears To Be A Hit\" width=\"1530\" height=\"814\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-4-1024x545.jpg\" data-type=\"inarticle-image\"\/>&#13;\n                <\/picture>&#13;<br \/>\n            <\/figure>\n<p>&#13;<br \/>\n        <\/a>  <\/p>\n<p>That pales in comparison to their commanding lead in full-size SUVs as the company controls 64% of the market. Their position is about to get even stronger as facelifted versions of the Chevrolet Tahoe \/ Suburban, GMC Yukon, and <a href=\"https:\/\/www.carscoops.com\/tag\/cadillac-escalade\/\">Cadillac Escalade<\/a> will begin arriving at dealers in the fourth quarter.<\/p>\n<p>The company went on to credit a fresh product lineup that has higher profit margins than their predecessors. These vehicles include the Chevrolet Equinox and GMC Terrain as well as the larger Buick Enclave, Chevrolet Traverse, and <a href=\"https:\/\/www.carscoops.com\/tag\/gmc-acadia\/\">GMC Acadia<\/a>. Consumers have also embraced the value-focused Buick Envista and Chevrolet Trax.<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3.jpg\" data-type=\"inarticle-image-block\"> &#13;<\/p>\n<figure class=\"wp-block-image size-large\">&#13;\n                <picture>&#13;<source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3.webp 1528w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-400x218.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-1024x559.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-768x419.webp 768w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"lazy \" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3.jpg 1528w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-400x218.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-1024x559.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-768x419.jpg 768w\" sizes=\"auto, (max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" GM Reports Q3 Revenues Of Nearly $49 Billion, Chevy Equinox Appears To Be A Hit\" width=\"1528\" height=\"834\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-3-1024x559.jpg\" data-type=\"inarticle-image\"\/>&#13;\n                <\/picture>&#13;<br \/>\n            <\/figure>\n<p>&#13;<br \/>\n        <\/a>  <\/p>\n<p>Barra went into more detail during an earnings call, where she said \u201cWe are on track to produce and wholesale about 200,000 EVs in North America this year and make our portfolio \u2026 profit positive this quarter.\u201d She added the <a href=\"https:\/\/www.carscoops.com\/2024\/01\/first-look-2025-chevy-equinox-embraces-tech-and-an-off-road-attitude\/\">ICE-powered Equinox<\/a> has been a hit as average transaction prices have shot up around $6,000 and the model is attracting younger consumers.<\/p>\n<p>The executive also mentioned things are heating up on the <a href=\"https:\/\/www.carscoops.com\/2024\/09\/gm-and-hyundai-want-to-make-cars-together\/\">Hyundai front<\/a> as the two companies are making \u201cgood progress\u201d on specific areas of cooperation. She went onto say they\u2019re \u201cnearing the completion of our first definitive agreement and we expect to have something to share soon.\u201d<\/p>\n<p>        <a href=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2.jpg\" data-type=\"inarticle-image-block\"> &#13;<\/p>\n<figure class=\"wp-block-image size-large\">&#13;\n                <picture>&#13;<source type=\"image\/webp\" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2.webp 1520w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-400x223.webp 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-1024x570.webp 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/webp\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-768x427.webp 768w\" sizes=\"(max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\"\/><img loading=\"lazy\" decoding=\"async\" class=\"lazy \" srcset=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2.jpg 1520w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-400x223.jpg 400w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-1024x570.jpg 1024w, https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-768x427.jpg 768w\" sizes=\"auto, (max-width: 1920px) 100vw, (max-width: 1535px) 100vw, (max-width: 1024px) 100vw, (max-width: 768px) 1000px, (max-width: 300px) 600px, (max-width: 200px) 200px\" alt=\" GM Reports Q3 Revenues Of Nearly $49 Billion, Chevy Equinox Appears To Be A Hit\" width=\"1520\" height=\"846\" src=\"https:\/\/www.carscoops.com\/wp-content\/uploads\/2024\/10\/GM-Q3-2024-Results-Carscoops-Screenshot-1022-2-1024x570.jpg\" data-type=\"inarticle-image\"\/>&#13;\n                <\/picture>&#13;<br \/>\n            <\/figure>\n<p>&#13;<br \/>\n        <\/a>  <\/p><\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.carscoops.com\/2024\/10\/gm-reports-q3-revenues-of-nearly-49-billion-new-equinox-appears-to-be-a-hit\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The ICE-powered Equinox is attracting young buyers and average transaction prices have shot up around $6,000 GM had a strong third quarter as the company reported revenues of $48.8 billion. &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=117514\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-117514","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/117514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=117514"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/117514\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=117514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=117514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=117514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}