Chevrolet Malibu heads for the junkyard as GM shifts focus to electric vehicles [BNN Bloomberg (Canada)]
General Motors Company (GM)
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Source: BNN Bloomberg
General Motors confirmed Thursday that it will stop making the car introduced in 1964 as the company focuses more on electric vehicles. The midsize sedan was once the top-selling segment in the U.S., a stalwart of family garages nationwide. But its sales started to decline in the early 2000s as the SUV became more prominent and pickup truck sales grew. Now the U.S. auto market is dominated by SUVs and trucks. Full-size pickups from Ford, Chevrolet and Ram are the top selling vehicles in America, and the top-selling non pickup is Toyota's RAV4 small SUV. Last year midsize cars made up only 8 per cent of U.S. new vehicle sales, but it was 22 per cent as recently as 2007, according to Motorintelligence.com. Still, Americans bought 1.3 million of the cars last year in a segment dominated by the Toyota Camry and Honda Accord. GM sold just over 130,000 Malibus last year, 8.5 per cent fewer than in 2022. Sales rose to nearly 230,000 after a redesign for the 2016 model year, but much
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