GM first-quarter U.S. vehicle sales fall 1.5%

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DETROIT – General engines U.S. vehicle sales on Tuesday fell 1.5% from a year ago, as the entire auto industry normalizes after years of disruption and volatile results.

The Detroit automaker said the decline to 594,233 vehicles sold in the first three months of the year was largely due to a 22.9% year-over-year decline in customer sales of fleet. Retail sales to customers increased 6%, GM said.

GM’s all-electric vehicle sales, closely watched by Wall Street, remained minimal in the first quarter. Electric vehicle sales totaled 16,425 units, or 2.8% of the automaker’s overall sales during the period.

GM’s sales fell short of industry-wide expectations, which Cox Automotive said were expected to rise 5.5% from a year earlier.

Buick was the only GM brand to report an increase in sales during the quarter, up 16.4% from a year earlier. The GMC truck brand was down about 5%, while Cadillac and Chevrolet were both down about 2%.

This is breaking news. Please check back for additional updates.


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