Market Movers

  • GM overtakes Ford as second-best seller of EVs in U.S. GM on Monday said it sold 20,670 EVs during the first three months of the year. Ford, which was No. 2 last year, reported EV sales Tuesday of 10,866 over the same time frame. GM still significantly trails Tesla in EV sales, though both GM and Ford have said they plan to overtake Tesla in EV sales in the years ahead.
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  • Lack of home listings is taking a toll on mortgage demand. Mortgage applications to purchase a home dropped 4% last week compared with the previous week. New listings were down 20% year over year in March, according to, and total inventory was about half of what it was in March 2019, pre-pandemic.

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