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Wednesday, 27 August 2008 |
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Filed under: Safety, Crossovers/CUVs, Buick, Chevrolet, GMC, Saturn 
The Insurance Institute for Highway Safety took some GMC Acadias and smashed them up to see how the big crossovers hold up against immovable objects, and unlike recent tests conducted for the Chevy Equinox and Pontiac Torrent, the news is positive. An AWD Acadia SLE acted as a stand-in for all of the Lambda models - Buick Enclave, Chevrolet Traverse, Saturn Outlook, and all Acadia trims included. It didn't matter whether the IIHS attacked the front, side, or rear - the CUV earned a "good" rating in all directions. With the standard fitment of Stabilitrak, the IIHS also bestowed a Top Safety Pick crown on GM's big haulers. The Lambas now have both a five-star rating from the NHTSA and a Top Safety Pick designator about which to brag.
[Source: Inside Line]Read | Permalink | Email this | Comments |
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Monday, 25 August 2008 |
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Filed under: Plants/Manufacturing, GM, GMC, Toyota, Earnings/Financials  Toyota Financial Services recently leaped over GMAC Financial services to take the lead as the biggest U.S. auto lender in terms of loan and lease contract volume. The study by AutoCount (a unit of the Experian Automotive company) estimates that Toyota captured 6.35% of the market from January through June, while GMAC had 6.2% for a close second place. Rounding out the top five were Chase Auto Finance, American Honda Finance, and Ford Credit (in that order).
As GMAC has made major cutbacks in leasing over the summer, many industry experts expect Toyota to hold its lead through the end of the year. A spokesperson from GMAC was quick to point out that the study did not include two wholly owned subsidiaries: Nuvel Credit and National Auto Finance. When those two companies are included, GMAC's share increases to 6.72 percent -- effectively placing them at the top again. While the automakers battle for the title position, the independent banks are the ones to watch. They've been steadily increasing their lending share as the Detroit 3 struggle with the rising costs of funds and declining credit ratings.
[Source: Automotive News, subs. req'd] Permalink | Email this | Comments |
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Wednesday, 20 August 2008 |
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Filed under: Trucks/Pickups, Etc., Commercial Trucks, Chevrolet, GM, GMC 
It's an epic poem that could have been written by Byron: you suffered a nasty breakup and met a new girl, you dated for a while, things were looking outstanding, you proposed... and then the bottom dropped out of the medium-duty truck business. We've seen it all before. And now that it's happened, Navistar has backed away from it's non-binding commitment to purchase GM's medium-duty truck operations.
GM and Navistar only had a memorandum of understanding, so there appears to be no harm, no foul in Navistar getting icy feet. The brief announcement of the dissolution presents it as a mutual affair: "Due to significant marketplace and economic changes, GM and Navistar have decided not to renew the memorandum of understanding to purchase GM's medium duty truck business," but we imagine GM standing at the altar, watching its Navistar groom bolt from the church and hop in a taxi.>
GM is still talking to Navistar and looking at other ways to dump find a good home for its medium duty truck business. A shame, because they make some fine vehicles.
[Source: GM]Read | Permalink | Email this | Comments |
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Tuesday, 19 August 2008 |
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Filed under: Car Buying, Marketing/Advertising, Buick, Cadillac, Chevrolet, GM, GMC, HUMMER, Saab, Saturn  It is no secret that the automotive industry is hurting for sales to close out 2008. Over the past few months incentives have been thrown out left and right to draw in more buyers. The deals have not done enough to bring folks into the showroom, though. With all the media talk of bleeding Detroit, consumers know that the domestic manufacturers have been holding out on their best offers. Perhaps the memory of 2005's employee pricing incentives has kept many waiting on the fence. With 2009 models heading to dealerships as we speak, General Motors is hoping to end the stalemate. It will be testing the waters of employee pricing yet again beginning Wednesday, August 20th and running through September 2nd.
The employee discount program will apply across all 8 GM brands. Buick, Pontiac and GMC dealers will mark down 91 percent of their inventory on all 2008 models, along with the 2009 Pontiac Vibe and G5, Chevy Cobalt and HHR and, surprisingly, the Cadillac CTS. Chevrolet dealers can unload 90 percent of their 2008 inventory with all 2008 models eligible for the employee price. Cadillac, Saturn, SAAB, Hummer will each have their own stipulations as well, but it is certain that the discount will be widespread. The price reduction varies from vehicle to vehicle, but is typically on order of a few thousand dollars. Additional incentives will also still be offered on some slower selling items, such as, you guessed it, trucks and SUVs. So the question is, will employee pricing get you off the fence and into a dealership?
[Source: GM]Continue reading GM brings back employee pricing to sell remaining 2008 models Read | Permalink | Email this | Comments |
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