GM posts strong Q1 earnings despite rising gas prices and cautious buyers

General Motors reported solid earnings for the first quarter of 2026, maintaining its position as the U.S. sales leader by delivering approximately 626,000 vehicles. Despite rising gasoline prices above $4 a gallon following geopolitical tensions involving Iran, customer buying behavior remained steady, though some consumers delayed purchases. The company’s strong performance suggests resilience amid fuel price pressures, with potential growth in electric vehicle demand if the Iran conflict persists.