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This auto business is taking market share in EVs and is holding its own in high-end vehicles.
Auto stocks have struggled in 2024 as investors wonder how much a weaker consumer could affect the sales and financing of vehicles. But recent data shows that General Motors (GM -1.88%) is holding its own in the auto business and is taking share in EVs. In this video, Travis Hoium goes through the data and trends for this auto giant.
*Stock prices used were end-of-day prices of Oct. 7, 2024. The video was published on Oct. 7, 2024.
Travis Hoium has positions in General Motors. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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