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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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.