General Motors
Q2 2022 Earnings Call
Jul 26, 2022, 8:30 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Good morning, and welcome to the General Motors Company second quarter 2022 earnings conference call. [Operator instructions] As a reminder, this conference call is being recorded, Tuesday, July 26, 2022. I would now like to turn the conference over to Ashish Kohli, GM's vice president of investor relations.
Ashish Kohli -- Vice President, Investor Relations
Thanks, Brad. Good morning, everyone, and thank you for joining us as we review GM's financial results for the second quarter of 2022. Our conference call materials were issued earlier today and are available on the GM Investor Relations website. We are also broadcasting this call via webcast.
Joining us today is Mary Barra, GM's chair and CEO; Paul Jacobson, GM's executive vice president and CFO; Dan Berce, president and CEO of GM Financial; and Kyle Vogt, CEO of Cruise, will also be joining us for the Q&A portion of the call. Before we begin, I would like to direct your attention to the forward-looking statements on the first page of our presentation. The content of our call will be governed by this language. And with that, I'm happy to turn the call over to Mary.
Mary Barra -- Chairman and Chief Executive Officer
Thanks, Ashish, and good morning, everyone. Thanks for joining the call today. As you have seen in our press release and other materials, GM delivered $2.3 billion of EBIT-adjusted in the second quarter, which is in line with the update we shared on July 1. We also remain on track to deliver our full-year guidance, which includes EBIT-adjusted of between $13 billion and $15 billion.
This is a truly unique and dynamic market that presents both challenges and opportunities for GM. Overall, GM production continues to improve year over year despite some short-term challenges, and we are on track to increase our wholesales by 25% to 30%, in line with our expectations for the year. This has helped us extend our U.S. truck leadership, where demand is the strongest and supplies are well below optimal.
The Chevrolet Silverado and the GMC Sierra led the industry in total full-size pickup sales in 2020 and in 2021. We continue to lead in 2022 by a wide margin. In fact, our retail market share in the first half is up two percentage points to 40%. But even as we operate our truck plants at near full capacity, our inventory has remained extremely low due to continued strong demand.