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John Goreham Contributing Writer, GM-Trucks.com 4-30-2019 We've reported the GM sales and financial results here at GM-Trucks.com in the past quite regularly. One interesting take-away the GM financial results data being offered by the company is the increasing shift from sales unit volume to an emphasis on transaction prices. We find this interesting because there are two very different ways to look at higher transaction prices. They are good for stockholders and bad for truck buyers. Back in early April, GM focused on higher transaction prices, saying that its overall average prices in Q1 had increased by $8,040 higher compared to their outgoing models in the first quarter of 2018. That stunning upward shift in prices was tempered by the fact that GM had only produced limited trims and configurations of the 2019 Silverado and Sierra, while continuing to build the previous-Gen 2018 trucks in the lower cost versions. However, this week GM released the data of its financial performance in Q1. With a bit more time and more 2019 models produced, GM updated its "good news" about transaction prices of its trucks, saying, "The company’s full-size truck launch is ahead of plan and drove strong pricing for the quarter in North America. Average transaction prices for GM’s all-new full-size crew cab pickup trucks are up $5,800 over the outgoing models." We looked up the current inflation rate and found that it is presently at historically-relative lows between 1.5% and 1.9% this past quarter. It does not seem that GM is increasing the cost of its trucks due to higher costs, but rather due to a shift in the trims and configurations it is choosing to produce. “We are bullish on pickups and expect to gain sales momentum throughout the year,” said Kurt McNeil, U.S. vice president, Sales Operations. “We are installing capacity in Flint to build more HD pickups in total, more crew cab models, more dualies and diesel models, too, all in response to dealer and customer demand.” It looks like higher truck prices are here to stay, at least for the near term.
John Goreham Contributing Writer, GM-Trucks.com 7-27-2017 On the day that the Ford Pickup turns 100 we thought we would ask our members if they think classic trucks are worth their current valuations. Good condition early 1970s Chevy pickup trucks now sell for the same price as a new Chevy pickup truck. Late 1940s and early 1950s pickups sell for even more. Classic vehicle collectors are turning to trucks in increasing numbers. Black Book recently analyzed the value of a selection of classic trucks based on their auction sale prices and the results are very interesting. “We love our trucks today because of the versatility, functionality, and even technological features included in many of today’s popular models,” said Eric Lawrence, Director of Specialty Products at Black Book. “These trucks of yesteryear were pioneers of their time when trucks had a different meaning on the roads but still offer the right amount of nostalgia that makes them extremely valuable today.” Are these valuations just a bubble, or will classic trucks soon be reaching the six-figures like so many classic cars?
Although we mention that stripped base Camaros will be unusual inventory items, Chevy has significantly upped the standard 1LT content and it will have a lower base price according to Todd Christensen, Camaro marketing manager, who said, “We expect it will be even more popular as the 2016 Camaro 1LT is priced less than the 2015 model and offers significantly more standard features and technologies.” Here is a list that Chevy says was either optional or not available on base Camaros in the past: Chevrolet MyLink with Apple CarPlay capability OnStar 4G LTE connectivity with Wi-Fi hotspot Driver Mode Selector with Snow/Ice, Tour and Sport modes on all models and Track mode on SS Remote vehicle starter system (with an automatic transmission) Driver information center with color display Keyless access with push-button start Rear vision camera Automatic climate control Leather-wrapped flat-bottom steering wheel LED daytime running lamps Capless fuel filler Variable-ratio electric power steering 8-way power driver, 6-way power passenger seats Electronic park brake Driver and front passenger knee air bags The New Camaro RS package adds RS-specific grille inserts, a rear spoiler, 20-inch aluminum wheels, High Intensity Discharge (HID) headlamps with LED signature lamps, and LED taillamps The 1SS Camaro gets all the goodies found in the 1LT and RS plus this content: Cooling systems for the differential, transmission and engine oil Brembo brakes with four-piston front and rear calipers Goodyear Eagle F1 Asymmetric 3 run-flat tires. Active Rev Matching (manual transmission models only) Limited slip differential (manual transmission models only) Configurable Driver Information Center Chevy's 2SS adds all the luxury goodies such as: - Leather heated and ventilated front seats - Wireless phone charging - Interior spectrum lighting - Heated steering wheel - Head-up display - Bose premium audio - Rear Cross-Traffic Alert, and Side Blind Zone Alert with Lane Change Alert Christensen expects that fully two-thirds of Camaro buyers will go all-in and get the fully-loaded 2SS. The only other options not included on the 2SS many may add are magnetic ride control, the eight-speed auto transmission, in-dash Navi, and dual-mode exhaust and a power sunroof.