GM Shares Soar

By Douglas A. McIntyre Updated Sep 2, 6:37AM EDT · Published Aug 31, 9:48AM EDT

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24/7 Wall St. Insights

General Motors Co. (NYSE: GM | GM Price Prediction) stock has outperformed the broader markets this year
That may be because it looks better in several ways than rival Ford Motor Co. (NYSE: F).
Also: Discover the Next Nvidia.

General Motors Co. (NYSE: GM) stock is up 39% this year, compared to the S&P 500’s 19% gain. Among the reasons is its retreat from the hugely expensive financial losses from electric vehicles (EVs) and warranty write-offs, which are much lower than those of rival Ford Motor Co. (NYSE: F).

GM shares trade at $49, with a median analyst price target of $55. Ford’s trades at $11.19, and analysts have a consensus precise target of $12.98.

GM has held the unit sales lead over Ford for decades. Its position has strengthened as Ford’s has weakened. In 2023, GM’s U.S. market share was 16.89%, Toyota Motor Corp.’s (NYSE: TM) was 14.46%, and Ford’s was 13%.00.

GM also benefits from the fact that its cars are better built than those of Ford and Toyota. In the latest JD Power Initial Quality Survey, Chevy ranked number two, Buick number five, the Ford brand number nine, and Toyota number 16.

It is possible that Ford’s well-publicized number of car problems and high warranty costs simply make GM look better.

Ford (F) Price Prediction and Forecast 2025-2030

About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.