GM Q2 US Sales Fall 4.2% on EV Slump, Secures Long-Term Micron Chip Deal
GM•GM•GM•GM•General Motors’ US vehicle sales dropped 4.2% in Q2, driven by a slump in EV demand and phasing out of discontinued models despite trucks and SUVs holding steady. GM also locked in a long-term memory-chip supply deal with Micron, expanding take-or-pay terms to secure production.
GM reported a 4.2% decline in US auto sales for Q2 2026, marking five straight days of stock losses as overall volumes fell to approximately 600,000 units. Strong truck and SUV demand partially offset weakness in sedans and crossover models.
Electric vehicle sales underperformed expectations with a mid-single-digit percentage drop, while the company phased out slower-selling legacy models, amplifying the overall reduction in quarterly volumes.
To mitigate chip shortages, GM signed a long-term take-or-pay memory-chip agreement with Micron, securing annual supply commitments and expanding terms to support its vehicle production roadmap.
