GM CEO isn't concerned about this consumer crisis, yet
View original at finance.yahoo.comGM CEO isn't concerned about this consumer crisis, yet Rising gas prices may have some consumers on edge, but car buyers haven't yet changed their buying habits, according to General Motors CEO Mary Barra…
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Middle- and higher-income consumers showed particularly large drops in sentiment due to escalating gas prices and volatile financial markets following the Iran conflict
60% confidenceThe Iran war has pushed Americans' average annual gasoline costs up $857 in 2026
60% confidenceAuto loan delinquency rates were at their highest levels in over a decade before the Iran war started, driven by high prices and stubborn inflation
60% confidenceConsumer reaction to gas prices depends on how long they expect high prices to persist, which is why GM isn't seeing a strong reaction yet
60% confidenceGM has six models that start under $30,000 and people are still buying cars
60% confidenceGM has not yet seen a major change in consumer behavior due to rising gas prices
60% confidenceGM's lean inventories and incentive discipline allow it to sell every truck it can while remaining competitive
60% confidenceInflation remains an omnipresent issue for consumers across automotive loans, insurance, gas, and food; consumers are financially strapped
60% confidenceCar buyers are still paying their auto loans on time as of reporting date
60% confidence$5/gallon gas prices through Labor Day would be a concern given affordability pressures on American consumers
60% confidenceGM's broad ICE and EV portfolios are key competitive advantages, and disciplined inventory and incentive management keep the company agile
60% confidenceGM delivered Q1 results with incentives among the lowest in the industry for both ICE and EVs
60% confidence
Data points we hold from this source
| General Motors Company · market share | 17 percent |
| General Motors Company · incentive spend vs industry | -2 percent |
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