The top US automaker reported profits of US$2.6 billion, down 6% from last year, while revenue fell about 1% to US$43.6 billion.

GM’s average transaction price rose compared with the year-ago period in North America, which accounts for the majority of auto sales.

GM chief executive Mary Barra cited the growth of the company’s fleet of “crossover” vehicles, which are smaller than full-sized trucks, and includes more affordable vehicles such as the Chevrolet Trax.

Barra also said the company scored a sixth straight profitable quarter in China.

The company’s “strong” financial performance reflects “our strategic product portfolio and disciplined execution by our teams, dealers and suppliers,” Barra said in a letter to shareholders.

GM raised some of its financial forecasts for 2026 after a Supreme Court ruling struck down some of President Donald Trump’s tariffs.

The company now expects tariff costs of between US$2.5 billion and US$3.5 billion in 2026, down from the previous forecasted range by a half billion dollars.

However, GM’s outlook also projects higher commodity-price inflation, including for logistics.

The Middle East war has sharply increased crude oil prices, lifting costs for fuel and other items.

Shares rose 4.6% in pre-market trading.