The Bad PlaceUS Top News and Analysis | GM: Iran war causing cost increases, but pricey vehicles continue to sell
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General Motors said the ongoing Iran war is adding to its cost pressures—especially through higher energy, logistics and commodity expenses—but it has not yet dampened demand for its higher‑priced models. CEO Mary Barra noted that the company’s first‑quarter average transaction price stayed at about $52,000, matching last year’s level and outpacing the industry average, even as overall sales fell 9.7% and consumer confidence hit a record low in April. GM is countering the added $1.5‑$2 billion in annual cost increases by tightening inventories, improving warranties, finding operational efficiencies and deferring some hiring, while also redirecting shipments of profitable pickups and SUVs from the Middle East to the U.S. The automaker emphasized that it faces no immediate supply‑chain shortages and feels positioned to adjust its mix toward less‑expensive or electric vehicles if market shifts occur.
Read more: https://www.cnbc.com/2026/04/28/gm-iran-war-vehicle-sales.html
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