General Motors experienced a snag in revenue. For its first quarter 2019, the automaker’s sales declined -7%, compared to the previous year’s strong quarter.
Deliveries of 665,840 vehicles in the first quarter were -6.98% lower from the year-ago quarter. Buick turned out to be the segment with the steepest decrease (of -8.7%) in deliveries. Among car models, Cadillac ATS deliveries plunged -86% year-over-year, while Cadillac XTS deliveries fell -23%.
The company's vehicles' average transaction price, however, spiked to a record high of $35,881 which is a +2.68% increase over 2018's first quarter.
GM’s the best-seller for the quarter was the GMC Savana, with a +36% surged in deliveries. The company’s total pick-up truck saw a +20% increase in deliveries.