General Motors (GM) concluded 2025 as the top-selling automaker in the U.S., with full-year deliveries reaching 2.85 million units, a 5.5% increase compared to the previous year. In contrast, Toyota Motor (TM) ranked second with sales of 2.52 million vehicles. GM’s market share grew to approximately 17%, bolstered by its dominance in full-size pickups, which saw sales rise to 940,000 units, marking a 7% increase and the best performance for Chevrolet and GMC in 20 years. Additionally, GM was the second-largest electric vehicle (EV) seller in the country, with EV sales up 48% to 169,887 units.
However, fourth-quarter sales faltered, dropping 7% year-over-year to 703,001 vehicles, and EV deliveries plunged 43% to 25,219 units. Despite this setback, GM anticipates substantial demand across price points moving into 2026. The company’s strong balance sheet includes automotive liquidity of $35.7 billion and a share buyback program that reduced its share count by 15%.
The Zacks Consensus Estimate for GM’s earnings per share in 2026 indicates a projected increase of 13% from 2025 levels, highlighting continued growth potential despite recent quarterly volatility. GM’s ongoing restructuring in China and expansion into software services further position the automaker for success in the coming years.
