General Motors sold 670,974 vehicles in the United States in the third quarter, a 5.5 per cent annual decline. The company linked the fall to a smaller electric-vehicle market and discontinued models. Its brand and model results diverged sharply: Buick grew, Cadillac contracted and several smaller vehicles gained ground while Equinox EV deliveries plunged.
Economics & Markets··Morning
Deliveries retreat from last year’s quarter
General Motors, the US vehicle manufacturer, sold 670,974 vehicles in the United States during the third quarter. Its 1 October results showed a 5.5 per cent decline from the 710,347 vehicles delivered a year earlier.[1], [2]
The company attributed the overall fall to a smaller electric-vehicle market and discontinued vehicles. Its announcement rounded the quarterly decline to 6 per cent. The unit change and daily selling-rate change were equal.[1]
Buick grows while Cadillac contracts
Buick deliveries rose 7.9 per cent to 43,990 vehicles. Chevrolet sold 437,321 vehicles, a decline of 4.6 per cent; Cadillac fell 30 per cent to 32,560, and GMC declined 4.7 per cent to 157,103. The Chevrolet Trailblazer grew 51.1 per cent to 31,075 vehicles, while Trax increased 16.3 per cent to 57,917.[1]
Electric deliveries fall as nine-month sales shrink
Equinox EV deliveries dropped 92.4 per cent, from 25,085 to 1,905 vehicles. Total Silverado pickup sales increased 2.7 per cent to 146,639, while Sierra sales fell 2.5 per cent to 86,590. Over the first nine months, GM’s total US sales declined 6.4 per cent from 2,150,298 to 2,012,299 vehicles. Dealer inventories, including vehicles in transit, stood at 568,151 at quarter end.[1]