NEW YORK: General Motors reported a dip in third-quarter auto sales Thursday on plunging electric vehicle transactions, while both Toyota and Hyundai rode greater hybrid demand to sales increases.
GM reported deliveries of 670,974, down 5.5% from the year-ago level, with gains in some gasoline-powered vehicles failing to completely offset lower EV sales.
In the 2025 period, GM and other automakers saw a boom in EV sales as US consumers flocked to dealerships ahead of the expiration of a tax credit on Sept 30, 2025 following a policy change backed by US president Donald Trump.
