General Motors outperformed estimates with $3.57 EPS and 8.6% North American margins amid high auto loan rates.
General Motors reported $48 billion in quarterly revenue, driven by strong pricing and volume in high-margin trucks and SUVs. Adjusted earnings per share rose 41% year-over-year to $3.57, exceeding Wall Street expectations.
North American operating margins reached 8.6%, reflecting operational discipline amid elevated auto loan rates above 8%. The company’s EV division restructuring also contributed to the results, contrasting with broader industry challenges.
Ford, meanwhile, struggled to match GM’s performance as consumers delayed discretionary purchases and extended payment terms in the high-rate environment.