GM Sales Fall 5.5% in Third Quarter as Electric Vehicles Slump

General Motors’ sales fell 5.5% in the third quarter, with a sharp decline in electric vehicle sales weighing on its performance.

The electric vehicle downturn contrasted with growth in some conventional models, highlighting an uneven quarter for the automaker.

Those gains were not enough to offset the broader weakness, leaving total sales below their level in the corresponding period.

The decline came amid rising gasoline prices. Despite that backdrop, GM’s electric vehicles lost ground while some traditional models recorded stronger sales.