GM’s first-quarter operating results showed an increase in earnings, especially truck sales, along with income of $2.1 billion and revenue of $34.9 billion.
The results also showed the following:
First-quarter sales of the 2019 Chevrolet Silverado and GMC Sierra light-duty crew cabs were up 20 percent year over year.
GM’s full-size truck launch is ahead of plan, with average transaction prices for all-new crew cabs up $5,800 over the outgoing models.
GM remains firmly committed to investing in its U.S. manufacturing operations, with $22 billion invested since 2009 and $4.3 billion since the beginning of 2017.
GM’s economic impact in the state of Indiana includes $2 billion in investments since 2009; more than $1 billion spent annually on Indiana suppliers; and $600 million in annual state wages.
Fort Wayne Assembly builds the Chevrolet Silverado and the GMC Sierra, crew cabs and the double cabs. The crew cab sale was just launched in the last few months. Their full size truck launch has gone extremely well, GM Communications Manager says.
“We have been building what they call a rich mix, and that’s the very special, high-content vehicles and our customers have loved them. We’re just starting now to get into the double cabs, and our sister plant is building the regular cabs, so we see truck sales going on for a long time.” Stephanie Jentgens said.
Jentgens says truck sales are on the rise for a couple of reasons.
“Part of the rise is because people just want a larger, more comfortable vehicle. The gas prices have remained very low, and I think as long as they remain under 4 dollars, we’re going to continue to see this strong sales growth.” Jentgens said.
Dealerships that sell GM trucks are reaping benefits of truck sale increase as well. WANE 15 talked to the General Manager at Kelley Chevrolet to see how Fort Wayne’s GM plant impacts the whole state of Indiana.
“We have the only truck plant for light duty Silverado crew cabs and double cabs in North America, and that means the supply all over the country is benefitted by us building those trucks here.” Chuck Kelley said.