GM reports 5.5% decline in third-quarter U.S. sales as EV sales drop

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1. 2h ago

   GM Reports 5.5% Drop in Q3 U.S. Sales as EV Sales Fall

   General Motors reported a 5.5% year-over-year decline in U.S. sales during the third quarter, selling 670,974 new vehicles. The drop was driven by a steep fall in all-electric vehicle sales that offset strong consumer demand for traditional pickups and small SUVs. General Motors joined other major automakers like Ford in experiencing lower third-quarter vehicle sales due to shifting market conditions and model phase-outs.

   Why it matters

   Automakers are confronting shifting consumer demand as all-electric vehicle sales encounter major headwinds across the industry. General Motors previously enjoyed robust growth in its electric vehicle lineup, but recent quarters show declining enthusiasm and falling volumes. The drop in electric vehicle deliveries weighed down overall corporate performance despite continued strength in traditional internal combustion engine trucks and SUVs.

   What is confirmed

   • General Motors reported third-quarter U.S. sales of 670,974 vehicles, representing a 5.5% drop compared to a year ago.
   • The sales decline was driven by a drop in all-electric vehicle sales.
   • General Motors experienced strong U.S. pickup and small SUV demand during the third quarter.

   Still unconfirmed

   • High gasoline prices are weighing on demand for new vehicles.

   What to watch next

   • Further industry data releases regarding fourth-quarter production adjustments.
   • Updated corporate forecasts on electric vehicle investments and manufacturing timelines.
   Sources used for this update (13)

   1. cnbc.com — GM reports 5.5% decline in third-quarter U.S. sales as EV sales drop
   2. The Detroit News — General Motors' 2026 sales down from last year
   3. Detroit Free Press — General Motors saw U.S. sales slide in Q3. What the numbers tell us
   4. Seeking Alpha — GM reports strong U.S. pickup, SUV demand in third quarter (GM:NYSE)
   5. WSJ — General Motors Third-Quarter Vehicle Sales Fall 5.5%
   6. www.briefs.co — Ford Clings to No. 3 in U.S. Sales as Hyundai Closes the Gap in Q3
   7. finance.yahoo.com — Ford Motor's Third-Quarter US Vehicle Sales Fall Amid Model Phase-Outs
   8. www.cnbc.com — GM Q3 sales drop 5.5% while Toyota buoyed by electrified ...
   9. finance.yahoo.com — GM Q3 sales slip 5.5% as EV demand crumbles - Yahoo Finance
   10. ground.news — GM reports 5.5% decline in third-quarter U.S. sales as EV ...
   11. www.gate.com — GM Reports 5.5% Q3 U.S. Sales Decline as EV Sales Drop 92.4%
   12. traveliaq.com — GM reports 5.5% decline in third-quarter U.S. sales as EV ...
   confidence 95%