All articles tagged with #q3 sales
General Motors reported a 5.5% decline in US sales for Q3 2026, totaling 670,974 units, driven by a sharp drop in electric vehicle demand. The Chevy Equinox EV sales fell 92% year-over-year, while Cadillac’s electric SUVs accounted for nearly half of GM’s EV sales. Toyota, meanwhile, saw a 0.6% sales increase, boosted by a 28.5% rise in electrified vehicles, including hybrids, narrowing the gap with GM to under 136,000 units.
General Motors reported a 5.5% drop in third-quarter US sales, totaling 670,974 units, driven by a sharp decline in electric vehicle demand. GM’s EV sales fell 61.7% year-over-year to 25,473 units, with the Equinox EV down 92.4%. In contrast, Toyota saw a 0.6% sales increase, boosted by a 28.5% rise in electrified vehicles, including hybrids. GM’s internal combustion engine sales remained roughly level, but its lack of hybrid options and weak EV performance allowed Toyota to narrow the sales gap to under 136,000 units.
Ford's third-quarter US sales increased by 8.2%, driven by a 30.2% rise in all-electric vehicle sales and nearly 10% growth in SUVs, including a 51% increase for the Mustang Mach-E, fueled by federal EV incentives and record-breaking industry sales.
Take-Two's Q3 sales dipped 3% year-over-year, with net revenue at $1.37 billion and a net loss of $91.6 million, but the company beat its guidance despite softness in NBA 2K24 sales. CEO Strauss Zelnick announced plans for a "more robust" cost reduction plan, citing the need for efficiency ahead of an extraordinary pipeline. The company's mobile performance and debuts from Zynga were highlighted, but layoffs have already occurred, and full-year guidance was lowered due to NBA 2K24's softness and weakness in mobile advertising.
NVIDIA sold nearly half a million AI GPUs, including the Hopper H100 and Ampere A100, in Q3 2023, with major tech firms like Microsoft and Meta being the top buyers. The strong sales performance positions NVIDIA as a dominant player in the market, and their plans to sell millions of GPUs in 2024 seem achievable. Chinese markets accounted for around 30% of NVIDIA's orders, but new US export restrictions may impact order fulfillment and revenue. Despite this, Omdia predicts that NVIDIA's quarterly sales will continue to increase, driven by high demand for their AI GPUs. NVIDIA aims to capitalize on the growing server industry and improve their AI offerings through next-gen semiconductor and memory standards.