GM CEO sees U.S. new-car gross sales rebounding in 2023

DETROIT, Dec 8 (Reuters) – Common Motors Co (GM.N) Chief Government Mary Barra mentioned on Thursday demand for the American automaker’s autos stays robust and it expects U.S. new-vehicle gross sales to rebound subsequent 12 months.

Barra mentioned she expects 2023 U.S. gross sales of recent vehicles and light-weight vehicles to complete at 15 million models. That might be up from an estimated 13.7 million in 2022 and according to an anticipated 14.7 million in 2023, in line with S&P World Mobility.

“We’re seeing robust demand for our autos,” Barra mentioned, talking at an Automotive Press Affiliation occasion in Detroit.

Barra mentioned GM is planning “to be very conservative on prices” in its 2023 budgeting, in gentle of uncertainty about financial development. “Nobody actually is aware of” how the economic system will fare, she mentioned.

As chair of the Enterprise Roundtable, a bunch of U.S. company CEOs, Barra earlier this week signed on to a forecast that the U.S. economic system might develop by simply 1.2% in 2023.

Reporting by Joseph White; enhancing by Jonathan Oatis

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