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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

2022 Hummer EV Edition 1 pickups ready to go to customers

It's official: Two years after GM announced the electric GMC Hummer pickup, the first couple dozen units have left the line at the GM Factory Zero Detroit-Hamtramck Assembly Center, according to GM president Mark Reuss. In an interview with CNBC to celebrate the milestone, Reuss said 17 Hummer EVs are ready for delivery to customers. This makes the Hummer the first of GM's new Ultium-based EVs to leave the factory, and the second electric pickup on the market after the Rivian R1T. The first 1,200 Hummer EVs made will be Edition 1 models, all of which are Interstellar White outside with Lunar Horizon interiors and bronze badging. Each of the $112,595 pickups is powered by three Ultium motors producing a GM-estimated 1,000 horsepower and 11,500 pound-feet of torque, loaded with features like height-adjusting adaptive suspension, skid rails and rock sliders, 35-inch tires, the diagonal-driving CrabWalk, the launch control system Watts to Freedom that unlocks a three-second sprint to 60 miles per hour, and Super Cruise. Range is a GM-estimated 329 miles when the 200-kWh battery is fully charged. As these filter out to eager owners, GM is prepping the next four phases of the Hummer rollout. About a year from now, in autumn of 2022, Factory Zero will begin production of the first widely available Hummer, the EV3X pickup that starts at $99,995 before destination. Three Ultium motors will provide an estimated 800 horsepower and 9,500 pound-feet of torque to a range estimated beyond 300 miles. Spring of 2023 is expected to deliver the Hummer EV2X pickup at an MSRP of $89,995, utilizing two motors producing a total 625 hp and 7,400 lb-ft over a range also estimated to go beyond 300 miles. Around the same time, the first units of the $105,595 Hummer SUV Edition 1 are planned to head down lines at Factory Zero. Finally, in the spring of 2024, the entry-level $79,995 Hummer EV2 pickup and its two-motor powertrain should arrive, making the same output as the EV2X, but only good for a range of around 250 miles. That won't be all we see from Factory Zero, either. GM invested $2.2 billion in the Detroit-Hamtramck plant that once built bread-and-butter GM fare like the Chevrolet Impala, Buick LaCrosse, and Oldsmobile Toronado in order to turn the facility into its first EV base of manufacturing operations for Ultium products. The battery-electric Chevrolet Silverado and GMC Sierra pickups will be built there, as will the Cruise Origin robotaxi.

2022 GMC Acadia gets small changes, price hike

GMC put conspicuous effort into the 2020 Acadia, adding a few more embellishments this year. For 2022 the Acadia gets another nuanced rework, the most important change being the elimination of both the base SL trim and the 2.5-liter four-cylinder engine. The Acadia SLE, the next trim level up from the SL, this year offers the 2.5-liter four-cylinder and 3.0-liter V6 in front-wheel-drive guise. Next year, the only engine available for the front-driver SLE will be the 2.0-liter turbocharged four-cylinder. The spec rearrangement jacks up the Acadia's barrier to entry to $35,995 for the new base model, a $5,000 increase over 2021. There's some give-and-take in the details to even out the exchange. Buyers this year needed to step up to the SLE in all-wheel-drive trim to get access to the 2.0-liter, which started at $38,295, and keeps that price for next year. But SLE pricing only goes up by $900 to swap the 2.0-liter for the 2.5-liter, not much money for a lot more power. The 2.5-liter produces 193 horsepower and 188 pound-feet of torque, the 2.0-liter makes 230 hp and 258 lb-ft. One more cut sees the Acadia AT4 with the five-passenger cabin struck from the menu, six- and seven-passenger seating the only choices. And one more swap sees the $495 Red Mahogany Metallic premium exterior paint replaced by the $495 Light Stone Metallic. Upgrades include new 18- and 20-inch wheel designs, and all 2022 Acadias get the Pro Safety Plus package standard. That installs driver assistance features such as Automatic Emergency Braking, IntelliBeam headlights, Front and Rear Park Assist, Forward Collision Alert, and Rear Cross Traffic Alert. And Traction Select, GMC's name for road surface and terrain modes, is also standard across the lineup.  The 2022 Acadia entered production at GM's Spring Hill, Tennessee plant at the end of last month, the configurator is live now. Related video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.