New crossovers within the largest crossover segments.
Basic Motors reported a 7-percent year-over-year U.S. gross sales enchancment in August 2017 — in stark distinction to GM’s declines in 4 previous months — because the U.S. auto trade reported its eighth consecutive gross sales decline.
Don’t thank GM’s vehicles, gross sales of which tumbled by greater than a tenth. Pickup-truck gross sales edged up solely barely, rising lower than three % in contrast with August 2016. However crossovers — particularly newly launched crossovers, particularly newly launched crossovers in America’s largest utility automobile segments — produced large U.S. gross sales enhancements for GM in August 2017.
How large? Other than the Chevrolet Equinox, Chevrolet Traverse, GMC Terrain, and GMC Acadia, Basic Motors’ U.S. gross sales have been down 2 % final month.
Due to a 63-percent year-over-year bounce in Equinox, Traverse, Acadia, and Terrain quantity — boosted not solely by the arrival of all-new fashions however by the clear-out of prior-generation fashions — GM added almost 27,000 crossover gross sales in August 2017, year-over-year. These 4 aforementioned new fashions grew their collective quantity by 22,504 items.
GMC’s Acadia and Terrain quantity was half once more as sturdy because it was final 12 months presently. Equinox quantity shot up 85 %, a acquire of almost 13,000 gross sales. The Chevrolet Traverse was up 35 % to 11,337 items, its finest month in additional than a 12 months.
They weren’t the one GM crossovers to make good points, after all. The Cadillac XT5 reported its finest month of the 12 months. Buick Envision gross sales rose 78 %. The Chevrolet Trax and Buick Encore collectively added greater than three,000 further gross sales to the ledger.These large good points helped GM reduce its stock to an 88-day provide on the finish of August, down from 104 days at the start of August, as GM works its option to attaining its year-end purpose of 70 days’ provide by the top of the 12 months. It wasn’t all a fleet play, both, as 93 % of GM crossover gross sales occurred on the retail aspect, up from 91 % a 12 months in the past. On a retail foundation, the truth is, GM says August 2017 was the Traverse’s finest month ever.
General, GM incentives grew eight %, year-over-year, and 6 % in contrast with July, rising to $four,546 per automobile, or roughly 13 % of the common transaction value. ALG says that was marginally much less incentivization than Ford Motor Firm and Fiat Chrysler Cars utilized in August.
Within the context of the competitors, the Chevrolet Equinox was America’s fourth-best-selling utility automobile in August, forward of the Ford Escape and behind solely the Nissan Rogue (Rogue Sport included), Honda CR-V, and Toyota RAV4, which set its personal report with 43,265 gross sales. The Chevrolet Traverse ranked 16th amongst SUVs/crossovers, the GMC Acadia 23rd, and the GMC Terrain 25th. Crossovers accounted for 32 % of GM’s August 2017 gross sales, up from 24 % a 12 months earlier.
[Images: General Motors; Chart: © The Truth About Cars]
Timothy Cain is a contributing analyst at The Reality About Automobiles and Autofocus.ca and the founder and former editor of GoodCarBadCar.internet. Comply with on Twitter @timcaincars and Instagram.