Why General Motors’ Stock Jumped 15.2% in 2020

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Shares of General Motors (NYSE: GM) didn’t beat the market in 2020, but they did climb by a respectable 15.2%, according to data provided by S&P Global Market Intelligence, as auto sales and net income held up relatively well during the pandemic. 

Image source: Getty Images.

GM reported hefty profits despite the pandemic. But auto sales did drop as people drove significantly less and felt less need for new vehicles. 

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