DETROIT – Common Motors’ U.S. automobile gross sales elevated 14.1% final 12 months to symbolize the automaker’s greatest 12 months since 2019, previous to the impacts of the coronavirus pandemic and yearslong provide chain issues.

The Detroit automaker on Wednesday reported gross sales of roughly 2.6 million autos in 2023, together with 625,176 vehicles and vehicles offered in the course of the fourth quarter, roughly flat in comparison with a 12 months earlier.

The automaker offered about 2.3 million autos in 2022 and a couple of.9 million items in 2019.

GM’s gross sales are in step with expectations for total trade gross sales. Edmunds expects industrywide gross sales to hit 15.5 million in 2023, which might be a roughly 14% improve in comparison with 2022.

GM stated it expects whole U.S. trade gross sales to hit 16 million in 2024. That might mark the very best trade gross sales since greater than 17 million items in 2019 and the excessive finish of trade analyst forecasts.

“GM has great momentum. We grew our market share in 2023, sustaining sturdy pricing and low incentives,” Marissa West, GM senior vice chairman and president of North America, stated in a launch.

GM’s annual gross sales improve was led by a 61% improve in its Buick model, adopted by a 13.1% improve for its mainstream Chevrolet unit. Gross sales on the GMC and Cadillac manufacturers have been up roughly 9% every in 2023.

Gross sales of all-electric autos for GM have been disappointing in 2023. GM’s EV gross sales totaled 75,883 items, or 2.9% of the corporate’s total gross sales final 12 months. A overwhelming majority of these have been gross sales of its now discontinued Chevrolet Bolt fashions.

The corporate has skilled issues in ramping up manufacturing of its newer “Ultium” EVs, together with a serious situation with battery module meeting.

To help EV gross sales this 12 months, the corporate expects to extend manufacturing of the autos and provide $7,500 in incentives on fashions that now not qualify for as much as $7,500 in federal tax credit as a consequence of new, extra stringent necessities for meeting and supplies for the autos and their batteries that took impact Jan. 1.

“We’re dedicated to the way forward for EVs and may have the gross sales and advertising and marketing help to promote these ineligible autos. Starting in January, GM will present the equal EV tax credit score buy quantity for any autos that turned ineligible as a result of new tips,” GM stated in an announcement.