Shares of General Motors declined on Wednesday following the company's report of stagnant sales, attributed in part to weaker-than-anticipated demand for electric vehicles.

The Detroit-based automaker's U.S. sales for the second quarter fell by 4.2%, driven by decreased year-over-year demand for its all-electric vehicles and the Chevrolet Silverado pickup truck.

General Motors reported selling 714,896 vehicles from April through June, down from the 746,588 units sold in the second quarter of 2025. The company's total sales for the first half of the year reached 1.3 million vehicles, representing a decline of 6.8% compared to the same period last year.

The second-quarter performance was slightly better than the forecast issued by Cox Automotive last week, which had projected a 7.2% drop in General Motors' first-half sales and a 5.1% decline for the quarter.