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GM expected to debut two new crossovers at Detroit Auto Show

Next month, General Motors is expected to debut two new crossovers at the North American International Auto Show. That's according to Automotive News and The Wall Street Journal, which reports that the successors to the aging Chevrolet Traverse and GMC Terrain will finally make their debut. The two crossovers have been on sale since 2009 and 2010 respectively and are due for updates as the competition has newer models on the market. Both crossovers play in growing market segments where sales success is crucial for the respective brands. GM, and the automotive industry as a whole, has been shifting its focus towards crossovers in the last few years. The Traverse and the Terrain are some of the oldest SUVs on the market and are in dire need of an update. GMC's Acadia, the former corporate clone to the Traverse (and Buick Acadia), switched to a new platform in 2016. And the Terrain's platform-mate, the Chevrolet Equinox, was revealed a few months ago. Both the new Chevy and GMC models are expected to go on sale late in 2017 as 2018 models. Look for a follow up to the Traverse's sister, the Buick Enclave, to make an appearance soon. Related Video: News Source: The Wall Street Journal via Automotive NewsImage Credit: Reuters Rumormill Detroit Auto Show Chevrolet GMC Crossover SUV gmc terrain 2017 Detroit Auto Show

GMC Safari GT, a rad-era hauler with custom-van swagger

The GMC Safari van, along with its Chevy Astro sibling, performed yeoman service ferrying passengers and hauling cargo for two decades starting in 1985. But one special variant, the Safari GT — and, at Chevrolet, the Astro RS — added an unexpected dollop of swagger. Those vans had a custom look that was straight out of the '70s "sin bin" era. One of those Safari GTs is up for grabs right now, fittingly, on the RADforsale auction site. The option package at both GMC and Chevrolet was coded BYP, the GT Sport Package, and it appears to have been offered from 1990 to 1994. Its defining element was the two-tone paint treatment shown here, with black on the lower body and the greenhouse, and your choice of white, silver, blue, gold, or red as the main body color. Blanked out rear quarter windows and "simulated air exhaust louvers" behind the middle side windows added a further bit of style (long-wheelbase XT versions skipped that flourish). Also included were a front air dam, blacked-out grille, aluminum rally wheels, and a sport suspension. This 1991 Safari GT appears to have been further sportified with a lower-body aero kit, a rooftop spoiler, and aftermarket wheels. This rear-wheel-drive, standard-wheelbase model is powered by a 4.3-liter V6 hooked to a four-speed automatic transmission. It has traveled a relatively low 126,000 miles and looks to be in exceptionally good shape — particularly given that most of these vans lived a hard life. At this writing, bidding stands at $5,100 with bidding to end May 21. That suggests this Astro GT will bring a strong price — but if you want one, you may be hard-pressed to find another.

Mixed sales results, but automaker stocks rise on need for cars in Houston

DETROIT — The Big Three Detroit automakers on Friday reported better-than-expected August sales and issued optimistic outlooks for demand as residents of the Houston area replace flood-damaged cars and trucks after Hurricane Harvey, sending their stocks higher. General Motors, Ford and Fiat Chrysler posted mixed August U.S. sales, with GM up 7.5 percent and Ford and Fiat Chrysler down. Japanese automaker Toyota improved sales by nearly 7 percent, while Honda fell 2.4 percent. Still, analysts focused on the potential for Detroit automakers to cut inventories and stabilize used vehicle prices as residents of Houston, the fourth largest city in the United States, are forced to replace tens of thousands, perhaps hundreds of thousands, of vehicles after the devastation from Hurricane Harvey. Mark LaNeve, Ford's U.S. sales chief, told analysts on Friday that following Hurricane Katrina in 2005 "we saw a very dramatic snapback" in demand. That said, Ford sales fell 2.1 percent in August. It sold 209,897 vehicles in the United States, compared with 214,482 a year earlier. Sales were down 1.9 percent in the Ford division and off 5.8 percent at Lincoln. Demand was down for cars, crossovers and SUVs. It was not clear how many vehicles in the Houston area will be scrapped, LaNeve said, saying he had seen estimates ranging from 200,000 to 400,000 to 1 million. Ford's Houston dealers may have lost fewer than 5,000 vehicles in inventory, he said. Ford is the No. 1 automaker in the Houston market, with 18 percent share, according to IHS Markit. The company plans to ship used vehicles to Houston dealers and has "every indication we would have to add some production" of new vehicles to meet demand, LaNeve said. Investor concerns about inventories of unsold vehicles and falling used car prices have weighed on Detroit automakers' shares most of this year. Now, automakers can anticipate a jolt of demand from a big market that is a stronghold for Detroit brand trucks and SUVs. "It's got to be a positive for the industry," LaNeve said. Investors appeared to agree. GM shares rose as much as 3.3 percent to their highest since early March. Ford increased 2.8 percent at $11.34, and Fiat Chrysler's U.S.-traded shares were up 5.2 percent $15.91, hitting their highest in more than five years. GM reported a 7.5 percent increase in U.S. auto sales in August, helped by robust sales of crossovers across its four brands.