U.S. auto sales are set to cap off a stronger-than-expected first half of 2023 with rising June sales, analysts project. GM stock and Ford stock gained Monday, while Tesla stock and Rivian stock surged.
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General Motors (GM) is teeing up to report Q2 new vehicle sales in the U.S. on Wednesday, following the Fourth of July holiday.
Ford (F), Toyota Motor (TM) and Honda (HMC) will also report U.S. Q2 sales. Stellantis (STLA) on Monday reported a 6% year-over-year increase in Q2 new vehicle sales in the U.S. Its Q2 sales came in above analyst estimates.
Rivian Stock, Tesla Jump
EV startup Rivian (RIVN) on Monday reported Q2 sales well above views. So did EV giant Tesla (TSLA) on Sunday.
That is likely to bring more attention to Q2 EV sales from legacy automakers making a costly and ambitious shift to electric vehicles. Their generally lackluster Q1 EV sales showed the scale of…
