00:00It's Benzinga bringing Wall Street to Main Street.
00:02General Motors reported third-quarter U.S. sales of 670,974 vehicles, down 5.5 percent
00:09from a year earlier as electric vehicle sales fell sharply, according to CNBC.
00:14Equinox EV sales dropped 92.4 percent, while Blazer EV sales fell 84.4 percent and Hummer
00:20EV sales declined 72.9 percent.
00:23GM offers only one hybrid vehicle, a Corvette, leaving it relatively weak in a segment expected
00:29to gain market share as high gas prices pressure consumers.
00:32GM's traditional internal combustion engine sales were roughly flat, Toyota narrowed the
00:37gap with GM after reporting a 0.6 percent sales increase, helped by a 28.5 percent rise in
00:44electrified vehicle sales, including hybrids.
00:47Honda sales rose 9.3 percent, with hybrid sales reaching a quarterly record.
00:52GM's lower-cost vehicles were a bright spot, with Chevrolet Trailblazer sales up 51 percent,
00:57Buick and Vista up 18.4 percent, and Chevrolet Trax up 16.3 percent.
01:02For all things money, visit Benzinga.com.
