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Hummer EV to be sold at only about half of GMC dealerships

The new 1,000-horsepower Hummer EV will be sold under the GMC brand, but you won't find it in every GMC showroom. Currently, just about half of GMC's dealers have agreed to take on the electric truck, Buick GMC VP Duncan Aldred told investors on a conference call last week. According to Muscle Cars and Trucks, there are a number of reasons for the irregular availability. For one, there's the cost of upgrading dealerships to sell and service a fully electric vehicle. Stores would need to be upgraded with charging stations, and service centers would require new tools and training to work on an EV. Then there's the customer experience. At $112,595, the initial Hummer EV Edition 1 caters to a different clientele than the traditional GMC truck. The planned EV3X trim level that arrives in late 2022 and EV2X arriving in spring 2023 will start at just below $100,000 and $90,000, respectively. Some sellers believe that customers paying six figures for a vehicle will expect certain niceties that will necessitate showroom upgrades as well. Complimentary doughnuts, at least. Furthermore, not all GMC dealerships are located in areas with customers willing to shell out that much cabbage for a new vehicle, especially an EV. An $80,000 base trim will be available in 2024, so perhaps more dealers will be willing to take on the truck by then. Finally, there's the Hummer EV's no-haggle pricing. Aldred was adamant on the call that customers see the same price on the internet as they do on the paperwork. It's part of the premium dealership experience that GMC wants to provide for its well-heeled clientele. Still, GMC appears to have no problem moving all the Hummer EVs it can build. Even with its lofty price tag, all Edition 1 trucks were sold out 10 minutes after GMC's announcement. Related Video:

GM posts $4 billion third-quarter profit thanks to trucks and SUVs

DETROIT — General Motors is posting huge third quarter numbers, pulling in $4 billion in profit over three months after losing money due to the virus outbreak. GM's adjusted earnings were $2.83 per share, easily outpacing Wall Street's per-share projections of $1.43, according to a survey by FactSet. Revenue of $35.5 billion also edged out most expectations. Shares jumped almost 6% before the opening bell Thursday. The company swung back from a $806 million loss in the second quarter, when it was restarting factories shuttered for safety during the early stages of the pandemic. The Detroit automaker joined most global automakers in reporting better-than-expected earnings from July through September as sales across the globe started to rebound from coronavirus lockdowns, especially in China. GM sales in China jumped 12% in the third quarter, with sales of its Buick and Cadillac brands both rising more than 25%. In the U.S., GMÂ’s most profitable market, sales fell 9.9% in the third quarter compared with a year ago, but were a dramatic improvement over the 34% drop in the second quarter. Sales improved sequentially each month, the automaker said, an encouraging trend. GMÂ’s profit was boosted by higher-priced pickup trucks and large SUVs, which have seen strong sales in the U.S. through the pandemic. It was the best quarter on record for GM's Chevrolet Blazer. Sales of the Cadillac XT6 spiked 45% in the U.S. over last year. Large pickups also sold well. GM also said it was pumping $2 billion into its Spring Hill, Tennessee manufacturing plant to push its transition to produce electric vehicles. Last week, crosstown rivals Fiat Chrysler and Ford reported strong third-quarter net income. FCA said it made $1.4 billion for the period, while Ford earned $2.39 billion. Related Video: Earnings/Financials Buick Cadillac Chevrolet GM GMC

2025 GMC Sierra EV rumored to offer a smaller 170-kWh pack as standard

It's kind of wild that you can order a 2024 GMC Sierra EV Denali Edition 1 pickup, yet GMC hasn't released specific figures for battery capacity; maybe that's info you only get after putting down a deposit. Adding to the mystery, the 2025 GMC Sierra EV, already being promoted at the GMC site and which will be available later this year, will add a second battery. GM Authority says the pack in the 2024 truck (that only comes in one trim) is the 204-kWh pack we already know from the GMC Hummer EV. In April, GMC raised the estimated range rating for that pack from 400 miles to 440 miles, upped towing capacity by 500 pounds to 10,000 pounds, and raised max payload capacity by 150 pounds to 1,450 pounds. For 2025, GMA says the the Sierra EV range will add a smaller 170-kWh pack for lower trims.  Trims, you ask? Yes, next year's standard Denali trim will be joined by AT4 and Elevation trims. The AT4 will come with trail-use perks like four-wheel steering, CrabWalk, and two additional inches of ground clearance thanks to 18-inch wheels wrapped in 35-inch all-terrain tires, plus Super Cruise and a spray-on bedliner. Optional features on the AT4 include a DC fast charge upgrade to 350-kW, GMC's MultiPro MidGate, and the 10.2-kW Power Station Pro. The Elevation, typically a lower trim in GMC's vehicle lineups, comes with a power-operated frunk, the MultiPro tailgate, and sits on 18-inch wheels in 33-inch rubber. The Elevation options menu will offer the MultiPro MidGate, Super Cruise, spray-on bedliner, Power Station Pro, and fast charge upgrade. The Denali will come with all of these tech features standard, but sit on 24-inch wheels in 35-inch rubber. New colors will expand the palette from the sole option today, Thunderstorm Gray, to include Deep Ember Tintcoat, Deep Ocean Metallic, Moonlight Matte, Onyx Black, and Summit White. Back to the battery, the 2025 Sierra EV's order guide shows two pack options, an Extended Range and a Max Range, without giving capacity figures. GMA believes this will be a 20-module pack of 170 kWh, powering a range of around 380 to 390 miles. The 2025 trucks reportedly begin heading down lines in early September, starting with the Denali trim, so information should be forthcoming in the not-too-distant. The AT4 and Elevation trims will reach dealerships early next year.