General Motors reported a 4.2% year-over-year sales decline in Q2, outperforming Ford's 10% drop, driven by strong demand for internal combustion engine (ICE) crossovers and SUVs. Chevrolet's Trailblazer and Traverse models saw significant sales increases, supporting potential margin growth. Despite negative earnings revisions and market pessimism, GM trades at a low forward P/E of 5.4, indicating up to 49% upside to fair value. While cost pressures and cyclical risks remain, GM's shift to higher-margin ICE vehicles and solid profitability underpin a positive investment outlook.

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Used EV prices jump 12% amid Iran war and high US gas prices, boosting demand despite new EV sales drop.

Used electric vehicle prices in the US surged 12% in June 2026 compared to the previous year, driven by high gas prices and geopolitical tensions from the Iran war. Cox Automotive's Manheim Used Vehicle Value Index shows used EV prices rising steadil...

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GM's Q2 sales drop 4.2% but strong SUV demand and low valuation suggest 49% upside potential.

More News (GM)

Used EV prices jump 12% amid Iran war and high US gas prices, boosting demand despite new EV sales drop.

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GM's Q2 sales drop 4.2% but strong SUV demand and low valuation suggest 49% upside potential.

More News (GM)

Used EV prices jump 12% amid Iran war and high US gas prices, boosting demand despite new EV sales drop.

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