{
  "id": 11307852,
  "title": "GM sales drop in US as Toyota, Hyundai gain",
  "url": "https://urgent.news/2026/10/01/gm-sales-drop-in-us-as-toyota-hyundai-gain-11307852",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T22:34:14.000Z",
  "source": {
    "name": "Free Malaysia Today",
    "slug": "free-malaysia-today",
    "url": "https://www.freemalaysiatoday.com/category/business/2026/10/02/gm-sales-drop-in-us-as-toyota-hyundai-gain"
  },
  "original_language": "en",
  "account": "General Motors (GM) reported a decline in third-quarter auto sales on Thursday, with a 5.5% drop compared to the previous year. The decline was primarily driven by a drop in electric vehicle (EV) sales, while gasoline-powered vehicles failed to offset this loss. Toyota and Hyundai, on the other hand, saw an increase in sales, with Toyota experiencing a 0.6% rise and Hyundai notching a 5.4% increase.\n\nThe drop in GM's EV sales was particularly notable, with sales of the Chevrolet Equinox SUV plunging by more than 90%. However, GM reported a boost in sales of affordable small SUVs, with the Chevrolet Trax, Trailblazer, and Buick Envista all seeing an increase of 27%. Analysts suggest that persistent inflation continues to impact consumers, but they are still visiting dealerships and purchasing vehicles, sometimes opting for lower-cost options if their first choice is unavailable.\n\nThe removal of the EV tax credit, valued at up to $7,500 per vehicle, negatively affected GM's electric fleet. In contrast, other automakers saw strong hybrid sales during a period of high gasoline prices. Toyota's third-quarter sales increased by 29.2%, driven by a surge in electrified vehicles, predominantly hybrids. Toyota senior vice president Andrew Gilleland emphasized that customers desire choices, and Toyota's multi-path strategy caters to various customer needs, offering options that align with their lifestyles.",
  "summary": "The US carmaker reported a 5.5% dip in third-quarter auto sales, while both Toyota and Hyundai rode on greater hybrid demand.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Free Malaysia Today",
        "title": "GM sales drop in US as Toyota, Hyundai gain",
        "url": "https://urgent.news/2026/10/01/gm-sales-drop-in-us-as-toyota-hyundai-gain",
        "published": "2026-10-01T22:34:14.000Z"
      },
      {
        "outlet": "Yonhap News",
        "title": "Hyundai, Kia post record U.S. sales in September",
        "url": "https://urgent.news/2026/10/01/hyundai-kia-post-record-u-s-sales-in-september",
        "published": "2026-10-01T23:05:06.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "Hyundai, Kia post record US sales in September",
        "url": "https://urgent.news/2026/10/01/hyundai-kia-post-record-us-sales-in-september",
        "published": "2026-10-01T23:37:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}