Name: General Motors Co. (NYSE:GM) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

General Motors Co., income statement, revenues

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Vehicle, parts and accessories	165,170)	151,510)	138,692)	108,485)	103,343)
Used vehicles	1,290)	991)	516)	594)	1,010)
Services and other	5,146)	5,157)	4,767)	4,511)	4,320)
Automotive net sales and revenue	171,606)	157,658)	143,975)	113,590)	108,673)
Leased vehicle income	7,297)	7,266)	7,811)	9,026)	9,530)
Finance charge income	7,636)	6,187)	4,519)	4,103)	3,995)
Other income	903)	731)	430)	285)	287)
GM Financial net sales and revenue	15,836)	14,184)	12,760)	13,414)	13,812)
Net sales and revenue	187,442)	171,842)	156,735)	127,004)	122,485)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Overall revenue trend: The net sales and revenue figures show a consistent upward trajectory from 2020 to 2024, increasing from approximately $122.5 billion in 2020 to $187.4 billion in 2024. This represents a strong growth trend over the five-year period.
Vehicle, parts and accessories: Revenue from vehicle, parts, and accessories exhibits steady growth each year, rising from $103.3 billion in 2020 to $165.2 billion in 2024. The growth accelerates more noticeably between 2021 and 2022, suggesting increasing sales volume or pricing.
Used vehicles: Income from used vehicles shows some volatility. It started at $1.0 billion in 2020, declined in the subsequent two years reaching a low of $516 million in 2022, before rebounding in 2023 and 2024 to $991 million and $1.29 billion respectively. This pattern may reflect changing market conditions or inventory availability during those years.
Services and other: Revenue from services and other sources experiences gradual growth, increasing from $4.3 billion in 2020 to about $5.1 billion in 2023 and maintaining a similar level in 2024. The relatively stable growth suggests a steady contribution to overall revenue from these activities.
Automotive net sales and revenue: The automotive net sales and revenue component parallels the growth seen in vehicle sales, rising from $108.7 billion in 2020 to $171.6 billion in 2024. The substantial increase between 2021 and 2022 indicates a significant expansion in this segment.
Leased vehicle income: Leased vehicle income declines steadily from $9.5 billion in 2020 to $7.3 billion in 2024. The downward trend suggests a reduced reliance on or demand for leased vehicles over the period under review.
Finance charge income: Finance charge income increases consistently from about $4.0 billion in 2020 to $7.6 billion in 2024. This growth highlights an expanding role of financing activities, contributing a larger share to total revenue over time.
Other income: Other income shows considerable relative growth, from $287 million in 2020 to $903 million in 2024. Although smaller in absolute terms, this growth indicates diversified income streams outside the core automotive and financial services activities.
GM Financial net sales and revenue: GM Financial net sales and revenue fluctuate slightly, starting at $13.8 billion in 2020, dipping to $12.8 billion in 2022, before recovering to $15.8 billion in 2024. This pattern suggests some volatility in financial services but an overall positive trend toward the end of the period.

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