GM To Scrap Avalanche Pickup Truck
DETROIT (AP) — General Motors is scrapping the Chevrolet Avalanche pickup truck.
The company sold 580,000 of the short-bed, five-seat trucks since rolling them out in 2001. They were a combination of SUV and pickup truck.
Sales peaked at just over 93,000 in 2003, but fell as buyers went for full-size "crew cab" pickups.
GM introduced a full-size light-duty Chevy Silverado crew cab in 2004. The company says 65 percent of pickup trucks are now sold with a rear seat.
GM will sell the Avalanche through the summer of 2013. The truck is made at a factory in Silao, Mexico, which also makes the Silverado and GMC Sierra pickups.
Last year GM sold only 20,000 Avalanches. That's less than 5 percent of the 415,000 Silverado models sold by the company in 2011.
Chevrolet is putting out a special "Black Diamond" edition of the Avalanche in its final year.
Shares of General Motors Co. fell 46 cents, or 1.9 percent, to $23.84 in morning trading on Friday amid a broad market decline. GM shares are 25 percent above their low of $19 the week before last Christmas. They traded as high as $33.47 last May.