GM reports US sales dip, but says EVs grew

General Motors reported a dip in third-quarter US auto sales Tuesday, but pointed to growth in sales of electric vehicles and said retail pricing remained steady.

The big Detroit automaker reported 659,601 US sales during the period, down 2.2 percent from the year-ago but marking a slightly smaller decline than analysts projected.

Sales were mixed among the truck and SUV products that have supported GM profits in recent years.

Whereas GM scored an uptick in sales of GMC Sierra pickup trucks, its top-selling Silverado line experienced a dip.

GM described its EV portfolio as "growing faster than the market" with sales jumping 46 percent in the third quarter, topping 32,000.

GM and Ford have both slowed some investments in EVs due to moderating demand for the vehicles.

GM ...