General Motors boosts quarterly sales but misses mark on electric vehicles

General Motors saw an 18.8% increase in year-over-year sales throughout the second quarter but struggled to capitalize on the increasing demand for electric vehicles. For the April-through-June period, General Motors sold a combined total of 691,978 new vehicles, 113,471 units more than the 578,507 it sold the previous year. Of the units sold, the Chevrolet Bolt comprised 89% of the automaker’s total electric vehicle sales. That being said, even a significant decline in electric vehicle sales is unlikely to affect the car manufacturer’s overall business. The segment only accounted for 2.3% of General Motors’ total sales in the second quarter.