GM Sales Fall 5.5% as EV Demand Drops Sharply
General Motors reported a decline in third-quarter vehicle sales on Thursday, as weaker demand for electric vehicles more than offset stronger interest in smaller, lower-priced SUVs.
The US automaker delivered 670,974 vehicles during the quarter, down 5.5% from the same period a year earlier.
GM and other automakers recorded a surge in EV sales during the third quarter of 2025 as US consumers rushed to dealerships ahead of the September 30, 2025 expiration of an electric vehicle tax credit following a policy change backed by US President Donald Trump.
That comparison contributed to a sharp drop in GM’s EV sales this year. Sales of the electric Chevrolet Equinox SUV fell by more than 90% compared with the same quarter in 2025.
The gasoline-powered Equinox also recorded a modest decline, while GM reported stronger demand for smaller SUVs. Sales of its “affordable small SUVs” rose 27%, led by the Chevrolet Trax, Chevrolet Trailblazer and Buick Envista.
Despite persistent inflation affecting household budgets, analysts said consumers continue to visit dealerships and purchase vehicles, with some choosing lower-cost models when their preferred options are beyond their budgets.
Cox Automotive estimated that total US vehicle sales for the third quarter would reach 4.1 million, down 0.7% from a year earlier.
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