GM Shatters First Quarter Estimates Thanks to SUV Sales
It’s hard to ignore a car company when it has so thoroughly beat the previous year’s first quarter sales numbers. And although Mercedes had a great first quarter this year, GM’s was absolutely phenomenal having earned billions more than the same quarter last year.
If you bought a GM over the first quarter, you likely bought an SUV seeing as they are what fueled the earnings boom. And, no matter your vehicle, you can spruce up any vehicle with our available rims.
General Motors reported first-quarter 2016 earnings on Thursday, and they were a beat: the automaker earned $1.26 per share.
Net revenue was $37.3 billion for the quarter, versus $35.7 a year ago.
Analysts had expected $1.01 per share, an improvement over $0.86 a share in the same quarter last year. Continue Reading