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GM will stop reporting monthly U.S. vehicle sales

DETROIT — General Motors said on Tuesday it will stop reporting monthly U.S. vehicle sales, saying the 30-day snapshot does not accurately reflect the market, and will instead issue quarterly sales. GM will also no longer report monthly sales in China, its largest market, and Brazil. GM will provide monthly data to the U.S. Federal Reserve, industry associations and government agencies across the globe, but that data is not made public. Analysts and investors rely on monthly U.S. vehicle sales not just to track the performance of individual automakers, but as a barometer of the health of the world's second-largest auto market and as an indicator of consumer confidence in the U.S. economy overall. GM and its Detroit rivals Ford and Fiat Chrysler have relied heavily on sales of high-margin pickup truck and SUV sales to boost profits. GM's total U.S. sales, its second-largest market, are down 3.2 percent for the first two months of 2018, reflecting a 6.8 percent drop in retail sales to individual customers, the company reported last month. GM executives have expressed frustration that comparisons of monthly U.S. sales results among rival automakers are distorted by short-term discount programs, and by differences in strategy for selling vehicles in bulk to rental car fleets. "Thirty days is not enough time to separate real sales trends from short-term fluctuations in a very dynamic, highly competitive market," Kurt McNeil, U.S. vice president for sales operations said in a statement. GM's actions could prompt other automakers to also switch to quarterly U.S. sales reports. Major automakers will report March U.S. new vehicle sales on Tuesday. Until the early 1990s, most U.S. automakers released sales results every 10 days. The former Chrysler Corp. stopped reporting sales on a 10-day basis in 1990, and rivals followed suit over the next three years. GM executives are betting that investors will quickly adapt to receiving U.S. sales data every three months, as investors in other retail sectors already have. Retailers such as Walmart report sales on a quarterly basis. Reporting by Joe WhiteRelated Video: Image Credit: Reuters Earnings/Financials Green Buick Cadillac Chevrolet GM GMC US

Alaska 7.0 earthquake uproots road but leaves vehicle completely intact

A magnitude-7 earthquake hit the Anchorage, Alaska area hard Friday morning and actually caused the National Weather Service to issue a tsunami warning it later canceled. As the news came rolling in, we noticed these photos of a road affected by the quake. The pictures are jaw-dropping, and we still can't believe that GMC Terrain is sitting there entirely unscathed. It looks like a scene straight out of an action movie when Earth is unexplainably collapsing all around the main characters as they race for safety. It probably wouldn't have mattered if the driver had the four-cylinder or V6 to try and escape the massive sinkhole. However, maybe Alaskans could consider the Lamborghini Urus to outrun collapsing roads if they're in the market for an all-wheel-drive SUV. Thankfully, there are no deaths or even injuries being reported as of now, but damage to buildings and roads is severe in some spots. We still can't believe how lucky this person is. It looks like some industrious folks were even able to pull the GMC out of its sinkhole completely intact too. Impressive. We'll keep you updated if there are any developments to this disaster. Related video: Featured Gallery Alaska earthquake View 12 Photos Auto News GMC Crossover SUV earthquake

Autoblog Podcast #343

George Kennedy from Boldride.com, BMW i3, NACTOY long list, Bentley SUV
Episode #343 of the Autoblog podcast is here, and this week, Dan Roth and Steven Ewing are joined by George Kennedy, Autoblog alum and Editor-in-Chief of Boldride.com. Topics include the unveiling of the BMW i3, the 2014 North American Car and Truck of the Year long list, and the green-lighted Bentley SUV. As always, we start with what's in the garage, but then answer some of your questions before diving into the week's news. For those of you who hung with us live on our UStream channel, thanks for taking the time. You can follow along after the jump with our Q&A. Thanks for listening!
Autoblog Podcast #343: