GM, Honda Sales Tumble After Tough March as Gas Prices Pose Risk

A number of major automakers reported lower US sales to start 2026, a comedown from the spike in demand a year ago as rising gas prices begin to pressure the car market.

General Motors Co.’s first-quarter sales fell by 9.7%, with its Cadillac Escalade and Chevrolet Suburban large SUVs tumbling by double digits. Sales in March were down 17%, the company said.

Honda Motor Co. and its Acura brand on Wednesday posted a combined 4.2% decline in the first quarter, fueled by a 12% drop last month. Toyota Motor Corp. saw a similarly tough March, with sales down 8.5% ...