U.S. Buyers Shift From Big SUVs and Trucks as GM Vehicle Sales Fall 6%
Updated
Updated · The New York Times · Oct 2
U.S. Buyers Shift From Big SUVs and Trucks as GM Vehicle Sales Fall 6%
3 articles · Updated · The New York Times · Oct 2
Summary
GM’s third-quarter U.S. vehicle sales fell 6% as high gasoline prices hit demand for heavy-duty pickups and large SUVs, even while Silverado sales overall rose 3%.
That gain came from light-duty Silverados; heavy-duty versions slumped, and Suburban sales also fell as buyers moved toward smaller, cheaper models such as the Chevrolet Trailblazer and Trax.
Stellantis showed a similar split: light-duty Ram pickup sales jumped 73%, heavy-duty truck sales slipped 6%, and a new hybrid Jeep Cherokee sold well.
The shift follows a fuel-price surge tied to the U.S.-Israeli war with Iran, though analysts say it is still too early to conclude Americans are abandoning full-size trucks and SUVs altogether.