GM Reports 4.8% Increase in Q4 Sales

General Motors (GM), which is listed on the New York Stock Exchange (NYSE) on Tuesday reported a 4.8% rise in sales across the United States during the fourth quarter (Q4) of 2020, Reuters reported.

The rise in sales is supported by increased demand for new motor vehicles during the Coronavirus pandemic.

According to GM, the automobile industry could return to its normal levels as was before the pandemic during the spring of 2021.

Sales increased to 771,323 units from 735,909 units for the corresponding period of 2019.

Furthermore, the average transaction price hit a year record of $39,229.