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First Drive: 2017 GMC Acadia

New, smaller model gets more refined look.

by on May.27, 2016

GMC is taking things a step farther with its new Acadia: the new version has a model that can go off-road.

In good times and bad, General Motors sport-utility vehicles have carried the company and satisfied a legion of loyal customers.

But GM has tinkered with the some of its cherished formulas as it rolls out the new 2017 GMC Acadia, which has lost 700 pounds become smaller all the way around so it compete head-to-head with vehicles such as the Toyota Highlander, Honda Pilot, Nissan Pathfinder and Ford Explorer and even the Jeep Grand Cherokee.

Your Auto Insider!

In recent years, the older version of the Acadia has served as the cornerstone for the GMC product line, meaning GM is gambling the smaller, lighter version with its fresh styling, luxury appointment and latest technology can make a space for itself in a crowed but popular corners of the market. (more…)

GM Posts Sales Gains in July, Up 5%

Remaining four brands are now clearly growing. Can GM recover from its decades long share and sales decline?

by on Aug.03, 2010

The question remains how well GM is doing relative to other automakers. Quick answer - lousy.

Dealers for General Motors delivered 25% more vehicles in July from its surviving Chevrolet, Buick, GMC and Cadillac brands for a total of 199,432 units when compared to a modest July of 2009.

Overall sales year-to-date were up 5.4% to 1,280,213 units compared to 1,143,799 last year. However, the industry was up 14.7% during the same period, meaning the GM continues to lag sales trends.

GM said U.S. auto sales for the industry ran at a seasonally adjusted annual rate (SAAR) of 11.7 million units in July, compared to 11.2 million a year ago.

Another potentially troublesome trend was a decline of -3.8% in retail sales year-to-date as fleet sales are increasing.

Incentive costs also remain relatively high with $3741 on average required to move each unit of metal, according to J.D. Power.

GM sales executives defended the incentive spending by introducing a new metric – the percentage of incentive per average transaction price. Here, GM at 10.6% YTD is in much better shape than the same period in 2009 when it was 14.6%.

Don Johnson, vice president, U.S. Sales Operations said that average transaction prices are up $3800 YTD and incentives are down -$730 to $3270 per unit.


June U.S. General Motors Sales Up 11%

Chevrolet, Buick, GMC, Cadillac Increase 36%, but not enough to offset the lost sales from the now defunct four brands.

by on Jul.01, 2010

GM hasn't stopped the sales loss caused by closed brands. New models are strong, though.

Dealers for General Motors delivered 195,380 vehicles in June compared with 176,574 one year ago when it was in bankruptcy, a gain of 10.7%.

It remains in the Number One Spot in U.S. sales. by a healthy margin.

However, in May of this year GM sold  222,000 vehicles, so June represented a setback in what was a slow recovery in vehicle sales.

Year-to-date, GM sold 1,080,521, or 13% more than the corresponding year earlier period. The industry is up 17% for the same period.

This is 17,022 fewer units CYTD than 2009, when the now cancelled Hummer, Pontiac, Saab and Saturn brands were still operating. The overall market is up 17% YTD through May. Therefore, GM  is lagging the movement in the market.

Unspun Numbers!

GM prefers to cut the numbers differently, pointing out that June sales for Chevrolet, Buick, GMC and Cadillac increased by a combined 36% to 194,828 units in the United States. This is the sixth straight month in which sales for GM’s remaining brands increased year-over-year by more than 20%.

Year-to-date sales for the four brands also have risen 32% to 1,069,577 units – an increase of 258,368 units compared to last year.


GM May Sales Up 17%

Company is showing signs of a recovery, but more retail sales are needed among the surviving brands.

by on Jun.02, 2010

Dealers for the four remaining brands at General Motors – Buick, Cadillac, Chevrolet, GMC – sold more than 222,000 vehicles in May, up 32% from the year earlier when GM was bankrupt. Retail retail sales were up 11%.

This is the fifth consecutive month of double-digit increases, but if you look at the sales total of the previous eight brands, GM’s turn around is running at a sales increase of only 17%. How this tracks with the industry won’t be clear until late today when final May sales numbers are available, but preliminary estimates show an increase of about 19%.

GM’s fleet sales are running at about, gulp,  37% of the total, which works against the profitability the  taxpayer-owned company needs to achieve so that it can go public again.  GM  executives say the plan is to trim fleet to 25% by the end of the year. Incentives at an average of $2,250 per vehicle are up $200 a unit from April. Toyota’s aggressive incentive programs appear to be damping attempts by makers to raise prices now that inventory levels are under control due to the massive cutbacks invoked last year.

Year-to-date sales for GM’s four brands have risen 31% to 874,749 units – an increase of 206,994 units compared to a year ago.

GM’s newest products are doing particularly well. Year-to-date, combined sales of the Chevrolet Equinox, Chevrolet Camaro, Buick LaCrosse and Regal, GMC Terrain and Cadillac SRX and CTS Wagon are up 323%.