Lower demand for electric cars dents GM's sales

New York: General Motors reported a dip in fourth quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a slo...

New York: General Motors reported a dip in fourth-quarter US auto sales Monday, reflecting a sharp decline in electric vehicle transactions amid a slowing car market.

But the US auto giant also achieved an annual sales increase with growth in pickups and crossovers as evidence of continued resonance with consumers as it pointed to lower incentives than the industry average.

The Detroit giant reported 703,000 deliveries in the final quarter of 2025, a drop from the year prior of 6.9 percent, in a period characterized by tepid consumer confidence surveys.

A driver of the decline was a pronounced fall in EV sales from the third quarter, when consumers raced to dealerships to take advantage of a $7,500 tax credit that expired at the end of September following legislation championed by US President Donald Trump.

EV sales at GM were 25,219 in the October to December period, less than half the level in the third quarter of 2025.