U.S. GM Sales In The Red During The Third Quarter 2026

GM reported Q3 U.S. sales of 670,974 vehicles, down 6% YoY due to EV market contraction and discontinued models. Top sellers like Chevrolet Silverado and Equinox maintained strong demand. GM highlighted growth in full-size pickups, small SUVs, and fleet sales. The company plans to launch next-gen Silverado and Sierra in Q4. Chevrolet Trax sales rose 16%, while Cadillac expanded its luxury EV market lead.

GM's US sales fell 5.5% in Q3, with EV sales dropping 92.4% YoY after tax credit expiry, while Toyota and Hyundai saw gains, driven by hybrid demand. GM sold 670,974 vehicles, with small SUVs up 27%. Toyota's sales rose 0.6%, with electrified vehicles up 28.5%. Hyundai's sales increased 5.4%, with hybrids up 35%. Analysts expect overall US sales to decline 0.7% in Q3.

General Motors (GM) faces a class-action lawsuit over alleged transmission defects in certain Chevrolet and GMC vehicles. The lawsuit, filed in Delaware, claims defects in CVTs cause sudden loss of power, posing safety risks. GM is accused of denying warranty coverage and not providing permanent fixes. The plaintiff seeks damages exceeding $5 million. Affected models include 2019-2025 Chevrolet Malibu, 2021-2025 Chevrolet Trailblazer, and 2024-present Chevrolet Equinox and GMC Terrain.

GM reported a 5.5% decline in U.S. Q3 2026 sales to 670,974 vehicles, with EV sales dropping significantly. The Equinox EV, Blazer EV, and Hummer EV saw steep declines. Toyota and Honda reported U.S. sales gains, driven by hybrid vehicles. GM's full-size pickups remained strong, and the company highlighted upcoming truck launches.

GM sold 25,473 EVs in Q3, down 61.7% YoY, with EVs making up 3.8% of total US deliveries. The Chevrolet Equinox EV saw a 92.4% drop, while Cadillac's EVs accounted for nearly half of GM's US EV sales. GM's total US sales fell 5.5%, attributed to a smaller EV market and discontinued vehicles.

GM's U.S. sales fell 5.5% in Q3 to 670,974 vehicles, with EV sales declining. Cox Automotive raised its 2026 sales forecast to 16.1M. High gas prices may boost hybrid demand, where GM lags with only one model, the Corvette, potentially benefiting Toyota.