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General Motors Co. joined Tesla Inc. and Rivian Automotive Inc. in reporting upbeat sales data for the second quarter, saying that U.S. sales rose 19% on-year and all of its four brands saw double-digit growth.
GM
GM,
said it delivered 691,978 vehicles in the second quarter, including sales of nearly 16,000 electric vehicles.
See also: Rivian’s stock rises after upgrade with analyst saying entry to Europe is a welcome boost
Besides the double-digit, year-over-year increases for the Chevy, Cadillac, Buick, and GMC brands, GM Envolve, the auto maker’s fleet services business, “continued its growth with fleet customers and the company expanded its truck leadership,” GM said.
The stock gained 1% after the news.
Earlier this week, Tesla
TSLA,
Rivian
RIVN,
and other auto makers reported sales data as well, lifting the sector.
Don’t miss: Tesla just walloped delivery expectations, but there’s still one big unknown
The Global X Autonomous and Electric Vehicles exchange-traded fund
DRIV,
faltered on Wednesday but was holding on to gains of 0.6% for the week and 15% for the past three months.
GM shares are up 17% so far this year, compared with gains of about 16% for the S&P 500 index.
SPX,
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