How is gm doing financially

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Lease or Buy. Business Financing. More: GM build-shy strategy has tens of thousands of vehicles parked awaiting chip parts. GM's supply-chain management team pushed any chip parts it could procure to the plants that build those vehicles. On Wednesday, GM Financial said it saw a boost in lending over the period. GM reported it sold , new vehicles in the U.

But GM ended the quarter with , units in inventory, down from , at the end of the first quarter and , this time a year-ago. Barra said inventory will remain lean as GM continues to build some vehicles just shy of the chip parts needed and then park them to await the parts.

Michelle Krebs, executive analyst at Cox Automotive, said that despite GM's challenges, "GM managed to increase sales, particularly of high-price, high-profit trucks and SUVs, while also slashing incentive spending and boosting prices. Contact Jamie L. LaReau at or jlareau freepress. Dow Jones. Show Conversation Hide Conversation Sponsored Offers. Most Popular News. Most Popular Opinion. Most Popular Videos. Join the Conversation.