General Motors reports 4.2% U.S. sales drop in Q2

• General Motors reported a 4.2% decline in U.S. second-quarter vehicle sales to 714,896 units.
• The company said 746,588 vehicles were sold in the same period last year.
• GM attributed the decline to inflationary pressures affecting new vehicle demand.

General Motors (NYSE:GM) reported a 4.2% year-on-year decline in U.S. auto sales for the second quarter, with total deliveries of 714,896 vehicles compared with 746,588 units in the prior-year period.

The result reflects weaker demand conditions in the U.S. auto market compared with the same quarter last year.

The company said inflationary pressures continued to weigh on some new vehicle buyers, reducing overall purchase activity during the quarter.

The decline represents a reduction of 31,692 vehicles year over year across GM’s U.S. portfolio.

GM continues to operate across its core brands, including Chevrolet, GMC, Cadillac, and Buick, across both internal combustion and electric vehicle segments.

The company said broader macroeconomic pressures remain a key factor influencing consumer demand for new vehicles in the U.S. market.