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Archive for the ‘GMC’ Category

Ford Wants a Premium for All-New Ranger Pickup

Base model to start at $4,000 over Chevrolet Colorado.

by on Aug.14, 2018

Ford will offer a wide range of Ranger body styles, beds and powertrain configurations.

After a lengthy absence, the Ford Ranger is about ready to return to the U.S. market and shoppers now can price and build their own version of the midsize pickup at a special micro-site the Detroit automaker has launched.

Set to reach showrooms early next year, Ford will be offering a wide array of body styles, bed and powertrain options, ranging from the base, 4×2 SuperCab XL with a six-foot box, up to the more lavishly equipped 4×4 SuperCrew Lariat with a five-foot cargo box.

Product News!

But the heavily updated version of the global Ranger launched earlier in the decade won’t come cheap. The 2019 pickup will carry a starting price of $24,300 $1,095 in delivery fees. That’s about $4,000 more than its cross-town competition, the base, extended cab version of the 2019 Chevrolet Colorado starting at $20,500. And for truck buyers on a tight budget, the aging Nissan Frontier starts at just $18,900.

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Could Ford Be Working Up a Sub-Ranger Pickup?

One option would be to go with a car-based package.

by on Aug.01, 2018

The Ford Courier pickup shared platforms with the automaker's Fiesta subcompact.

Several sources are reporting that Ford Motor Co., long reluctant to undercut its full-size F-Series pickup family, could soon have small trucks in its line-up, with a model even smaller than the upcoming Ranger to follow by as early as 2022.

Exactly what it would look like and where it would fit into the spectrum isn’t clear but Automobile magazine’s sources suggested Ford might be looking at a product like the old Courier pickup built in Brazil that was based on the same platform as the prior-generation Fiesta subcompact.

Insight!

Whether there’d be a market for something the size of the old Ford Courier is far from certain, though several automakers appear to be looking at their options, notably including Hyundai which has been slowly moving forward with a production version of the well-received Santa Cruz concept first shown at the Detroit Auto Show in January 2015.

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General Motors Reports Flat Earnings for Second Quarter

Rising incentives on pickups drain profits.

by on Jul.25, 2018

GM's profits were hurt by increased incentives on its full-size pickups during the second quarter.

General Motors posted earnings for the second quarter that were basically flat as rising incentives and lower prices on its pickup trucks took a bite out of the company’s profits.

GM’s income from continuing operations of $2.4 billion, down $0.1 billion, compared to the second quarter of 2017 due to a driven primarily by the decline pricing and trim mix for the company’s the current-generation full-size pickup truck models, which is due to be replaced next year, and increased commodity costs.

Financial News!

The decline in the profitability of the company’s pick-up truck business was partially offset by improved performance in GM Financial and China. (more…)

Genesis Tops JD Power APEAL Survey

Korean up-start topples luxury mainstays, but Detroit mainstream brands also gain ground.

by on Jul.25, 2018

The Genesis brand aced another test, a month ago also topping Power's IQS.

Genesis, the upstart Korean luxury brand, has pulled off another surprise, this time landing the top spot in the 2018 J.D. Power APEAL study, surpassing such traditional highline brands as Porsche, Mercedes-Benz, BMW and Lexus.

It’s the latest in a series of coups by Genesis, which was spun off by Hyundai just two years ago. And it comes barely a month after the Korean marque also landed in the top spot on Power’s widely followed In initial Quality Survey. But there were some other surprises in the APEAL report which measures how well individual brands and models are satisfying their owners. Mainstream brands, notably including some Detroit marques, are rapidly gaining ground on the luxury badges that have traditionally led in customer satisfaction.

Beyond the Headlines!

But the industry, as a whole, achieved record levels in the 2018 APEAL study – the name short for “Automotive Performance, Execution and Layout” – the second year in a row that has happened.

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Maven to Let GM Vehicle Owners Profit from Car-Sharing

Vehicles from '15 model-year on can be used in new peer-to-peer test.

by on Jul.24, 2018

GM owners will be able to make money renting their vehicles when they'd normally be sitting idle.

We’ve entered the “sharing economy,” the experts tell us, with home-sharing operations such as AIRBNB, ride-sharing companies like Uber and car-sharing ventures like Car2Go becoming increasingly popular with American travelers and commuters. But now, General Motors’ own sharing service, Maven, is testing a program that could give GM owners a way to profit from this trend.

Maven has launched what it calls a “peer-to-peer car-sharing beta” that allows owners of relatively recent GM products to list their own cars through the service and pocket some of rental fees. If the program takes off, it would join other peer-to-peer car-sharing services such as Turo. And French automaker PSA, in its bid to return to the U.S., has launched a similar program in Los Angeles.

Consumer News!

“Your car is one of the most expensive things you own. Sitting idle, it is a wasted asset,” said Julia Steyn, vice president, General Motors Urban Mobility and Maven. “It’s time to put your car to work. Maven’s peer-to-peer offering is a smart way for owners to offset their vehicle investment.”

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GM Leads Ford in Pickup Sales at Midpoint of 2018

Midsize trucks giving GM the sales lead.

by on Jul.12, 2018

Chevy's Centennial Edition Silverado and Colorado have enjoyed impressive sales since being introduced.

America loves a good rivalry and Americans also love pickup trucks.

Domestic automakers have been relying on the latter, pickups, to help drive profits for much of the last two decades, and Ford and General Motors have long found ways to irritate one another when it comes to sell more trucks than the other.

Dig Deeper!

Now there is a new way: GM has sold more pickups through the first half of 2018 than Ford. GM sold 478,671 pickups, up 12% from last year, according to Kelley Blue Book data. Ford sold 451,138 pickups, a 5% increase. (more…)

Korean Newcomer Genesis Tops Vehicle Satisfaction List

Nissan, GMC, Hyundai and Ram also score well in annual Vehicle Satisfaction Awards.

by on Jun.19, 2018

Genesis was the top brand overall in the 2018 VSA, while the G90 sedan was top Luxury Car.

Reflecting the massive shift from sedans and coupes to SUVs, CUVs and pickups, light trucks are doing a better job of pleasing buyers, at least if the 2018 Vehicle Satisfaction Awards are any indication. And SUVs are the most satisfying products of all, reports consulting and research firm AutoPacific, Inc.

But that isn’t a hard and fast rule. Genesis, the new Korean luxury brand that has yet to introduce its first utility vehicle, was the number one brand in the 2018 VSA, edging out more established competitors, such as Lexus, and achieving the highest score ever in the annual satisfaction study.

Best of the Best!

“In just two years, Genesis has reached a level of owner satisfaction unattained by more established luxury brands,” said AutoPacific President George Peterson, adding that the Genesis G90 sedan also won the VSA for Luxury Car for the second year in a row.

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Automakers Launch Full-Size Truck Incentive War

Up to $16,000 in givebacks and discounts on some 2018 models.

by on Jun.07, 2018

FCA has some of the largest incentives -- up to $16,000 -- available on its 2018 Ram.

Despite strong demand, US. Automakers have launched some of the most lavish incentives on full-size truck models seen since the end of the Great Recession, with discounts of as much as $16,000.

The move might come as a surprise considering pickups have retained strong momentum despite the weakening of the broader U.S. automotive market over the last year, and the latest round of incentives threaten to cut into the earnings delivered by what are traditionally the most profitable product segment in the market.

Buying Tips!

Automakers appear to be acting for a variety of reasons, including the need to clear inventories ahead of the launch of all-new models from both General Motors and Fiat Chrysler Automobiles, as well as the potential weakness of segment leader Ford which lost thousands of units of production due to a supplier problem last month.

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Earnings Down, GM Still Beats Q1 Forecast

Automaker plans “significantly lower investments” in passenger car models.

by on Apr.26, 2018

"We are on plan to deliver another strong year," says GM CEO Mary Barra.

General  Motors net earnings dipped 60% to $1.05 billion during the first quarter but still managed to beat Wall Street expectations thanks to strong demand for its North American light truck line-up.

The announcement by the nation’s largest automaker came less than a day after Ford Motor Co. also topped earnings forecasts by riding a wave of demand for pickups, SUVs and CUVs. Ford yesterday said it was going to all but abandon traditional passenger cars in North America and GM is also expected to trim its sedan line-up, though not nearly as drastically as its cross-town rival.

Breaking News!

“Results this quarter were in line with our expectations with planned, lower production in North America related to the transition to our all-new Chevrolet Silverado and GMC Sierra,” General Motors CEO Mary Barra said in a statement accompanying the earnings report. “We are on plan to deliver another strong year in 2018.”

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GM Puts Third Shift Back in Place in Spring Hill Plant

New shift will add 700 jobs in September.

by on Apr.25, 2018

GM is adding 700 jobs at its Spring Hill, Tennessee plant to build more Cadillac XT5 and GMC Acadia crossovers.

The on-again, off-again third shift at General Motors plant in Spring Hill, Tennessee, is on again, this time producing more crossovers as well as an Acadia vehicle for the company’s Australian brand, Holden.

The third shift is expected to begin production in September 2018 and add 700 new jobs. Industry wide, customers are increasingly purchasing crossovers, trucks and SUVs over sedans. Crossovers make up nearly half of the U.S. retail market (48.5%), according to GM.

Breaking News!

Crossovers are booming for GM too as the GMC Acadia and Cadillac XT5 are posting strong results. Acadia retail sales were up more than 15% for the first quarter of 2018 on a year-over-year basis. Total Acadia sales were up 3%, marking the best first quarter ever for Acadia sales for both retail and total. (more…)

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