General Motors: Mixed Q2 Delivery Picture

General Motors Company reported a 4.2% Y/Y Q2 sales decline, outperforming Ford's 10% drop, with strong ICE crossover and SUV demand. GM's Chevrolet brand excelled, with Trailblazer sales up 28% and Traverse up 20% year-over-year, supporting potential margin expansion. Despite negative EPS estimate revisions and bearish sentiment, GM trades at a low 5.4x forward P/E, offering up to 49% upside to fair value. Cost headwinds and cyclical risks persist, but a shift to higher-margin ICE vehicles and solid profitability underpins the investment case.

Earlier this month, General Motors Company ( GM ) reported a 4.2% sales decline compared to the second quarter of 2025, which led to a pullback in the automaker's share price. Despite this disappointing delivery performance,