/ General Motors, Industry, News / GM’s large-SUV sales boom could also be owed to frackers

GM’s large-SUV sales boom could also be owed to frackers

Linked In Share
GM's large-SUV sales boom could also be owed to frackers

General Motors has reported a 38% gain in its large-SUV sales this August compared to last year and the frackers from North Dakota and Texas are the ones the US automaker should thank. Buyers attracted by the Chevrolet Tahoe and Suburban and GMC Yukon SUVs have also been reassured by the dormant gasoline prices.

While geopolitical developments might have led to an increase in the U.S. gasoline prices up to levels of $5-a-gallon, this has not happened in 2014. The new U.S. oil and gas supplies enabled by horizontal drilling and hydraulic fracturing gave America new stores of hydrocarbons and helped the peace of mind of large-SUV buyers. The gasoline prices in the U.S. stayed at $3.50 a gallon for at least the last 18 months, showing the global impact America’s new self-sufficient status has.

GM Product planners led by chiefs such as Mary Barra and Mark Reuss pushed through big overhauls of the carmaker’s SUVs when the general assumption was that this car segment would be dead with the onset of $4-a-gallon gasoline price and the increase of much smaller, higher-mileage vehicles.

However GM ended up with worthy new versions of the cars. Duncan Aldred, GMC vice president for Buick and GMC said the main reason buyers are purchasing the new Yukon is that “this is a vehicle that a lot of people have waited a long time”. GMC is seen increasingly as “a premium brand, and Yukon is seen as the flagship of the brand.”

By Gabriela Florea

by Aurel Niculescu (my Google+) - Friday, September 5th, 2014 - filed under General Motors, Industry, News. Image credit: .
Linked In Share
Related Articles
Gas gasoline increase large suv oil prices reserves sales us


Discuss: GM’s large-SUV sales boom could also be owed to frackers

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

More alarming news about Caterham future
More alarming news about Caterham futureOct.21 (GMM/Inautonews.com) More alarming news about the health of the ailing F1 backmarker Caterham has emerged. The posts ...
Raikkonen’s 2014 problem ‘psychological’ – Massa
Raikkonen’s 2014 problem ‘psychological’ – MassaOct.21 (GMM/Inautonews.com) Kimi Raikkonen is suffering psychologically alongside his Ferrari teammate Fernando Alonso this ...
F1 to exceed 20 races as Madrid plans emerge
F1 to exceed 20 races as Madrid plans emergeOct.21 (GMM/Inautonews.com) Plans are afoot for a F1 street race in the heart of Madrid, Spain's El Confidencial reports. It is ...
Total president killed in plane crash
Total president killed in plane crashOct.21 (GMM/Inautonews.com) The president of F1 sponsor Total has been killed in a plane crash, the Russian news agency Ria ...
Brawn, Domenicali to investigate Bianchi crash
Brawn, Domenicali to investigate Bianchi crashOct.21 (GMM/Inautonews.com) A group of well-known F1 names will work with the sport's governing body to investigate the crash of ...
Van der Garde hints at 2015 race seat
Van der Garde hints at 2015 race seatOct.20 (GMM/Inautonews.com) Just as news about Nico Hulkenberg emerged on Monday, Giedo van der Garde dropped a big hint about ...
Ferrari could be nothing without Formula 1 success
Ferrari could be nothing without Formula 1 successThis is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing ...
Cherokee sales show Jeep was spot on
Cherokee sales show Jeep was spot onThe oddly designed fifth-generation of the model was universally panned by Jeep enthusiasts because of the total departure from ...
VW aims for long-term profits
VW aims for long-term profitsThe German automaker has managed to overcome General Motors last year to snatch the second place among global automakers. But ...
2016 Audi A4 rendered
2016 Audi A4 renderedThe next generation of the Audi A4 should theoretically be just around the corner and the first rendering with the new model has ...
BMW 1-Series DTM Sport Edition goes official
BMW 1-Series DTM Sport Edition goes officialAfter officially pulling the wraps off a similar version of the M4 Coupe, BMW has just unveiled the so-called 1-Series DTM Sport ...
Russia: Lada’s foreign boss wants a sportier image
Russia: Lada’s foreign boss wants a sportier imageBo Andersson, president of AvtoVAZ – the parent of the Lada brand – says that among the many changes the No. 1 Russian ...
Bugatti Veyron Super Sport for sale
Bugatti Veyron Super Sport for saleAn impressive unit of the very rare Bugatti Veyron Super Sport is currently being offered for sale. We all remember the days of ...
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itself
[VIDEO] Audi RS7 Piloted Driving Concept laps Hockenheim on itselfAudi has made the impossible possible with the RS7 Piloted Driving Concept which managed to lap the Hockenheim on itself. The ...
GM sees China as critical market for intelligent autos
GM sees China as critical market for intelligent autosThe US automaker counts the Asian country as its largest single auto market, so there’s no surprise the company plans to bring ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

2016 audi a4 1
BMW 1-Series DTM Sport Edition 1
bugatti veyron super sport black for sale 1
Audi RS7 Piloted Driving Concept 1
nissan micra cup race car 1
audi tt race car 1
BMW M4 DTM Champion Edition 1
Spy-Shots of Cars
mclaren trackday kyalami 1
sergio aguero lamborghini aventador 1
ABT upgrades the Audi S8 1
2015 Lexus LS 1

More automotive from inautonews
This is the way founder Enzo Ferrari envisioned his company: build (race winning) racecars first, then translate all that racing know-how to lavish luxury supercars that cost two arms and two legs. Last week, a very successful Ferrari period has ended – with longtime Chairman Luca di Montezemolo ...
read more
Inautonews Editors Section
Test Drive: Mercedes-Benz A180 CDI AT
Test Drive: Mercedes-Benz A180 CDI AT The new generation of the A-Class has been around since 2012 and its overall design is quite drastic, considering its predecessor. Now, two years ...
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive
Test Drive: Citroen C-Elysee 1.6 HDi Exclusive Citroen has introduced the second generation of the C-Elysee last year. The model is smaller than the C4 and it is based on the Peugeot 301, being ...
Test Drive: BMW X4 xDrive30d
Test Drive: BMW X4 xDrive30d The newest crossover to make its way into BMW’s lineup is the X4. This is based on the X3 and it is basically a smaller version of the X6, aimed ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: 1.1m Volkswagen vehicles for rear suspension problemsVolkswagen has just issued a new recall for 1.1 million vehicles in North America and in China ... Recall roundup: 2015 Ford Mustang for airbag problemsFord has recently issued a recall for the new generation of the Mustang muscle car because of a ...
Safety Section