(RTTNews) - General Motors (GM) reported that its U.S. vehicle sales were 626,429 units in the first quarter of fiscal year 2026, down 9.7% from 693,363 units last year.
GM expects a similar decline for the industry as a whole. Year-over-year comparisons are significantly skewed by an exceptionally high selling rate in March of 2025, when industry-wide sales soared to a seasonally adjusted annual rate of more than 18 million units.
GM closed Wednesday's regular trading at $75.04, up $0.54 or 0.72%. But in after-hours trading, the stock slipped slightly to $74.71, down $0.33 or 0.44% as of 8:13 PM EDT.
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