GM Shifts from Trucks and SUVs to Cars and Crossovers

(Page 2 of 2)

June 11, 2008
From EERE Network News 
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The GM board also approved a next-generation Chevy compact car for U.S. and global markets, as well as the next generation version of the Chevy Aveo, both of which will launch in 2010. GM will also start producing its 1.4-liter, turbocharged four-cylinder engine in the United States for use in the new Chevy compact car.

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GM is also "undertaking a strategic review" of the Hummer brand and could either revamp the product line or sell the brand. The company also announced on June 6 that it will offer a flex-fuel version of the 2009 Cadillac Escalade, allowing the vehicle to be fueled with E85, a blend of 85 percent ethanol and 15 percent gasoline.

Of course, GM's sales trends are not unique to the company; all the large automakers are seeing similar trends. Ford, for instance, saw a 20 percent increase in retail sales of its cars in May (compared to last year) and a 4 increase increase in car sales to its dealerships. Meanwhile, its SUV sales to dealerships were down 44 percent and its truck and van sales to dealerships were down 29 percent (note that both Ford and GM did not release retail sales information on their trucks and SUVs).

Toyota also saw big sales gains for its Yaris, Corolla and Scion xB, although Toyota's car sales overall were down by 21.3 percent in May, compared to last year. Toyota's light truck sales are down by 15.9 percent, while Toyota's Lexus division suffered sales drops nearly across the board. Likewise, Honda experienced a 30.7 percent increase in car sales in May, compared to last year, while its truck sales were down 11.4 percent and sales in its Acura division were down by 9.9 percent.

Reprinted from the EERE Network News, a free newsletter of the U.S. Department of Energy. 
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