The new GM is spending less and making more than the old GM.
That's the message from General Motors' daylong meeting with financial analysts last week in Detroit. Mark Reuss, head of GM North America, said average transaction prices have risen $3,000 per vehicle and average discounts have fallen $1,200.
"Our products are highly desired," Reuss said. GM's breakeven also has fallen to a "record low," he said. "We have never operated at this level."