Study Shows GM Vehicles Owners Most Often Give Up Within A Year32
Automotive data and research firm iSeeCars.com recently analyzed millions of new car sales to determine the vehicles and brands that owners give up within a year of purchasing the most often.
The firm found that only 3.4% of new vehicles are re-listed on the used market within a year of being sold, with the most frequently re-sold vehicles being luxury cars from German and British brands. This could be due to underestimating the purchase and/or running costs, or because wealthier buyers also replace their vehicles with more up-to-date models more frequently.
No General Motors vehicles made the top 10 ranking for the most frequently re-sold new vehicles and none of the automaker’s brands fell under the top 10 ranking for brands, either. Cadillac was in the top 20 ranking, with 3.8% of Cadillac buyers choosing to get rid of the vehicle after one year. This places it 16th on the brand ranking list, but some rivals were higher, such as BMW and Mercedes-Benz in first and third.
On the top 10 ranking for pickup trucks that are most frequently sold after one year of ownership, the GMC Canyon appeared fourth with 4.8% of buyers getting rid of it within one year, while the GMC Sierra 1500 was sixth at 4.6% and Chevrolet Colorado eighth at 4.1%. The Nissan Titan XD was the pickup sold most often after less than one year of ownership at 7.9%.
The Chevrolet Corvette, meanwhile, appeared in the sports car ranking, however there are only six cars in the category. The Chevrolet Corvette was third overall, with 6.4% of buyers choosing to sell it within one year after purchasing, while the Camaro performed the best, coming in last at just 6.1%. The most frequently re-sold sports car included in the ranking is the Nissan 370Z, with 7.8% of buyers giving it up after less than a year.
For this study, iSeeCars.com analyzed over 46 million individual new sales of vehicles from model years 2014-2017 that occurred between July 2013 through December 2018. It then used the vehicle’s VIN to see if it had been re-listed within four months to a year after it was first purchased.
You can read the full study at this link.
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The numbers are really going to shift in a couple years. There are a T-O-N of 2018-19 F-150’s being traded off after less than a year. Ford should have left the 5.0 Coyote alone and did a slower rollout of the 10-speed.
My ‘18 shows no signs of trouble so it’ll be with me for 8 years like the last one. So far the truck has been flawless, 3.5 Eco.
8 speed transmissions again ?
And just one more time, horrible GM customer service !
I wish they would track that VIN and see.
If you own a vehicle, and the warranty will not do anything for you, more than less often people just try another.
Updated to cover all vehicles built before 3-1-19 updated again to cover any 8 speed presented with a claim of shudder.
Oh and the fix works not only for the shudder but the harsh shifts too.
The TSB is fully covered on the bumper to bumper and also carried on with the 5 year 60k drivetrain warranty.
So ok, maybe you and GM are getting somewhere on the transmission fix.
Did you read the comments on the TSB, even those people who I am guessing are techs, think the customers are and still will be unhappy.
Lets take you for instance,
You are happy with your result of a new transmission in your truck.
Others in that same exact boat will not be happy having their transmission replaced in a new truck.
Let alone a $80,000 Cadillac.
And then there is the waist of customer time, 3 to four trips, for how long, when.
I am just saying people are not happy with the product.
Ok, they are making progress, ok, the customer still is not happy.
You think they should be happy after having trouble with their ( brand new ) GM product, and 3 to 4 trips to the dealer.
I think they should not be happy after having trouble with their ( brand new ) GM product and 3 to 4 trips to the dealer.
Why don’t you ask all the 8 speed owners having troubles their opinion ?
Want to bet something on the average answer ?
And most GM vehicles in that 2014ish to 2018ish had issues.
Even if it wasn’t the 8 speed.
Like my 6 speed the shift pattern was horrible, sure GM finally had an upgrade, for some under warranty still, others just got rid of it.
What about all the known faulty part letters, I personally have several, just waiting for the part to fail, just don’t know when, GM says they will fix it with in X miles, but where will I be when it fails ?
Most of those people just got rid of the junk.
The new ones are getting better, but in my opinion, no thanks to people like you, who let GM get away with anything and everything, and just continue to tell them ” thank you for fixing my new truck, that needed fixing, because its a new truck, GM is great, and always right.
Of course this is my experience, and opinion !!
If you feel this way, i suggest lexus, all other brands have the same issues, you hear it less because of peoples misconceptions. When you work at the dealership you see much more.
So, you are suggesting people report more on GMs missteps than anyone else? If I “percieve” a brand to be superior, yet I read TONS of complaints, my perspective shifts. But if reporting is there, but said issues are minor or infrequent, then my perspective says they can be trusted as a quality product. I personally WANT GM to succeed. But my research keeps getting in the way. Sure, I read A LOT of satisfied customer reviews. But I’ve read SO MUCH MORE about how GM took shortcuts as to hinder LONG TERM PERCEPTION!
without knowing the sample size, I’m not sure if a range of 4 to 8% is statistically significant, there are many many factors involved with cars, some of the problems could be more customer service related vs mechanical. I have a boat that I love, but every time I brought it in for basic service, which was included for the first few years, sent my blood pressure soaring for various reasons, almost enough to sell it an buy a boat I don’t like as much. I’m sure many people have similar issues with their cars.
BOAT Break Out Another Thousand. 😉
I took a look at the list of trucks and it should be noted that most were mid size trucks including the Taco.
This may have to do more with the total sold as the mid size group is sold in much lower numbers and 4% of a lower number sold would be much easier to hit than 4 % of 2 million sold.
The only larger volume truck here is the Ram.
The other factor with mid size is what is see on the forum. Some buy it thinking it is large enough for their life only to go back and go bigger.
There is much more to the story on the numbers here and it takes some time and common sense to get to much of it.
I would though like to see the reasons at Ram. That one has to hurt as they sell many more than the Sierra.. 4.1 of Ram is a significant number.
You took a look,
And you would.
And your hear say.
Do the math. Total produced vs the percentage given here. No opinion just the true numbers.
OMG, that is best name for him, I’m using it from now on.
Am I missing something, or does the headline completely not jive with the article? The headline says “Study Shows GM Vehicles Owners Most Often Give Up Within A Year”, but then the statistics show that only a small fraction of GM owners decide to sell their cars within a year. The highest number cited is 6.4% for the Corvette.
Color me confused…
The article and the headline are total garbage, if this site is paying someone $85,000 to write this, they are getting ripped off, this wouldn’t pass an 8th grade book report.
Well GM is still the #1 automaker in the US so of course they’ll have many returns. Also are the returns due to quality?, Because many people can’t make payments, job or family requirements and even competition vehicles are factors.
What the heck? The story said just the opposite of the headline. According to the headline GM cars are getting dumped by their owners faster than other brands. But the story says this:
“No General Motors vehicles made the top 10 ranking for the most frequently re-sold new vehicles and none of the automaker’s brands fell under the top 10 ranking for brands, either.”
Fake News or what?
Horrible article! Sounds like you’re pooping on GMC. I mean my 10 year old could of wrote this POS.
$85,000-$90,000 a year for this……
Half this crap is just regurgitated crap from other auto sites
I don’t think this tells anything. What would be more revealing is where do they go next? Do they stay with GM (hopefully), do they try out their only truly US rival (Ford)? Or, God forbid, do they go to one of those companies from Asia (gulp, I certainly hope not)?
If you truly were writing an informational article, you would include ALL BRANDS, not just GM!
Are the above comments re: the same 8 speed trans that’s in our XT5? If so, let me say that our Caddy’s trans is performing perfectly. AJC
Clickbait! Gotta love it when the headline contradicts the stories content. I love my Buick and am not selling/trading it in anytime soon :).
Yeah, I too was baffled by the Title and content of the story. As we all know … Your mileage may vary. I have a 16 GMC Canyon and have no plans to trade it so statistically, I’m outside the curve.
“Study shows which GM vehicles owners give up most often within a year” – There, fixed it for ya.
This title makes no sense to me either after reading the contents. I read that GM has one of the highest percentages of buyers keeping the car after one year. However, there is no way to know why. A Chevrolet buyer is a different animal than a BWW buyer any in no way does it suggest that it’s only mechanical or reliability issues.
I do understand the Corvette high number, the wife got pissed off with the man because of high insurance rates, cost of ownership and no room in the back for the child seat.
Written by some foreign mother fucker that’s never seen a car so dumb fucks like us would click on it
I own a 1996 S10 with the 4.3 V 6 this truck has over 300.000 miles on it this truck has never been wrecked plus has never been painted I had to replace one gear in the manual transmission parts go bad on all vehicles. Please remember do the maintenance on your vehicle why pay taxes on a new vehicle use that money to maintain your current vehicle.
A lot of hype here and really quite small numbers involved.
One thing this article didn’t cover was GM truck trades for another GM truck. Maybe they bought a truck and after a year saw one they liked better for whatever reason (higher trim level, bigger/smaller engine, different cab configuration, color, etc) and the dealer was most accommodating. Dealers like 1 year old trade ins and with incentives get you into the truck you should have bought in the first place. It happens. And there wasn’t anything wrong with the first truck, it was merely traded in because of customer whims, nothing more, nothing less.
This article is misleading making one think every one year sale is because of a “bad” vehicle.
I note that Cadillac is among the top 20. I’m part of the reason why. I purchase a new one every year and sell it myself when purchasing the next. I drive a lot in my business, often 80,000 per year. While it’s expensive no matter how you do it, I find that replacing them before they hit 100,000 miles is marginally less expensive. Thus, why I buy a new one every year. Rather than indicating displeasure with the brand, it indicates loyalty. I always buy large Cadillac sedans. Now, when they quit making the CT6, that may change.