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Automakers post record Q3 despite EV uncertainty
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CBT News
Overall vehicle sales remain strong, with GM, Ford, Toyota, Lexus, and Honda posting year-to-date gains driven by hybrids, electrified vehicles, trucks, and SUVs.
Automakers are investing in lower-cost EV production and multi-powertrain strategies to sustain long-term growth amid high EV prices and shifting consumer demand.
Q3 sales resultsDespite the uncertainty surrounding EVs, overall U.S. vehicle sales remain robust.
Notably, the Chevrolet Equinox EV emerged as the leader in non-Tesla EV sales, while Cadillac secured three models among the top ten luxury EVs.
While EV sales are expected to slow, hybrids and electrified vehicles are projected to continue driving growth.