General Motors Q3 sales drop 5.5%, while Toyota buoyed by EVs, hybrids

General Motors announced a year-over-year sales decrease of 5.5% during the third quarter, with 670,974 new vehicles sold. The decline was driven primarily by a significant pullback in electric vehicle demand across the automaker’s lineup, as consumer enthusiasm for EVs diminished following the end of federal purchase incentives. GM’s Equinox EV experienced the steepest drop at 92.4%, while the Blazer EV fell 84.4% and Hummer EV sales declined 72.9% compared to the prior year, when