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Finance

Is GM’s Dropping Global Market Share a Concern?

According to General Motors’ own estimates presented in its third-quarter earnings report, its US market share during the quarter was at 15.5%, lower than 17.3% in the third quarter of 2017.

For the last few years, GM has been intentionally cutting its US fleet sales to rental car companies in order to boost its profit margins. However, in the third quarter, its US fleet sales as a percentage of its retail sales rose to 20.5% as compared to 17.4% in the third quarter of 2017.

In 2017, GM was in fourth place on the list of largest automakers by their global vehicle (IYK) sales volume after Renault-Nissan, Volkswagen (VLKAY), and Toyota.

View more information: https://marketrealist.com/2018/11/is-gms-dropping-global-market-share-a-concern/

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