General Motors posted a 24% jump in third-quarter U.S. sales as it bounced back from supply-chain woes, one highlight in a mixed bag of results as the car business navigates mounting economic uncertainty.
GM’s increase ran counter to the rest of the auto industry, which was expected to post flat third-quarter U.S. sales once results are tallied later Monday, according to industry forecasters. Auto executives say they still have eager buyers lined up, but supply constraints continue to curb sales and rising interest rates are making it harder for consumers to afford new cars.
