U.S. auto demand has come roaring back since plunging at the outset of the COVID-19 pandemic last year. General Motors (NYSE: GM) has been one of the biggest winners. On Tuesday, the automaker reported an impressive year-over-year increase in domestic vehicle deliveries for the fourth quarter.
With customers eagerly snapping up GM’s priciest and most profitable vehicles, the General is on track to report another strong profit when it releases its quarterly earnings report next month. Furthermore, the company’s extremely lean inventory position suggests that 2021 could be a banner year for GM.