GM Sales Fall 5.5% in Third Quarter as Electric Vehicles Slide
General Motors’ sales declined 5.5% in the third quarter, with electric vehicles recording a sharp drop even as some conventional models posted gains.
The results highlighted a split in the automaker’s performance, as growth among certain traditional models contrasted with weakness in its electric vehicle sales.
Those gains were not enough to prevent an overall decline for the quarter. The summary figures did not specify the size of the fall in electric vehicle sales or identify which conventional models grew.
The downturn came against a backdrop of rising gasoline prices. Despite that increase, GM’s electric vehicle sales weakened, underscoring the contrasting trends across its lineup.
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