Things are going pretty well for the engineering team of Chevy and GMC trucks lately.
Not only did General Motors sweep the light-duty and heavy-duty categories for large pickup trucks in the most recent J.D. Power and Associates' Initial Quality Survey — the research experts at ALG have given the trucks some of the highest residual values of any new full-size pickup truck, according to Automotive News.
The J.D. Power annual ownership survey, which was modified slightly this year, measures the satisfaction of new vehicle owners during their first 90 days with the vehicle. Now in its 27th year, the IQS report is a way for manufacturers and consumers to learn if improvements to a buyer's experience with their new pickup is getting results. And from the looks of this year's results, GM seems to be the big winner.
Not only does GMC rank second overall in the survey just behind Porsche, but Chevy is in the top five for the first time ever. Additionally, in the only two pickup truck categories (large light-duty pickup and large heavy-duty pickup), GM ranked both first and second.
The large light-duty pickup winner was a tie between the outgoing Chevy Avalanche and 2013 GMC Sierra 1500, with the 2013 Chevy Silverado 1500 finishing in second place. In the large heavy-duty pickup category, the 2013 Chevy Silverado 2500/3500 HD came in first, and the GMC Sierra 2500/3500 HD came in second.
In a related piece of good news for the brand-new 2014 half-ton GM pickups, the experts at ALG (a research company that monitors vehicle residual values) are predicting that the 2014 Chevy Silverado 1500 and 2014 GMC Sierra 1500 will have among the highest residual values. According to Automotive News, ALG believes the new pickups deserve much higher forecasted resale numbers because of how much better they are than the trucks they're replacing, closing the gap in resale values with the perennial leader in the segment, the Toyota Tundra.
Stronger residual values could allow GM to offer more attractive lease deals to new buyers, which in turn could continue to create strong pickup sales for GM. More leased vehicles typically means more opportunities for higher profits for automakers.