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General Motors reported a 4.2% year-over-year decline in second-quarter U.S. sales, with the automaker pointing to weaker demand for its all-electric vehicles and the Chevrolet Silverado pickup truck as the key drags.
The twin softness — spanning both GM's electric transition and its core internal-combustion franchise — adds a concrete data point to an increasingly cautious read on American consumer spending for high-ticket goods.
EV Demand Retreats From Earlier Highs The slide in General Motors' all-electric vehicle sales is the headline risk for investors watching the company's long-cycle transformation story.
GM has committed significant capital to its electric lineup, making any quarter in which year-over-year EV volumes fall a test of whether that strategy is tracking to plan or falling behind.
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