National inventory for the Chevy Traverse crossover was running at a five-day supply as of the beginning of August.
Sources familiar with the matter tell GM Authority that a total of 1,371 units of the Chevy Traverse were on the ground while 4,688 units were in transit as of the beginning of August, thus yielding a national five-day supply. The optimal supply figure for the U.S. auto industry is generally considered to be 60 days.
While very low, the five-day supply is actually an improvement compared to inventory levels seen earlier this year. As GM Authority covered previously, Chevy Traverse inventory ran at a four-day supply in January of 2022, the result of several weeks of idling production at the GM Lansing Delta Township plant during the 2021 calendar year and early in the 2022 calendar year as a result of the global microchip shortage.
Notably, the Chevy Traverse was down to a four-day supply in December of 2021 as well, a considerable drop compared to the 11-day supply seen in November of 2021.
In terms of sales, the Chevy Traverse was among the top-five best-selling models in the Mainstream Large Three-Row Crossover segment during the first half of the 2022 calendar year, with 44,306 units sold during that time. That figure places the Chevy Traverse above the Hyundai Palisade, which sold 43,637 units but below the Honda Pilot, which moved 46,435 units.
Sales Numbers - Mainstream Large Three-Row Crossovers - H1 2022 - USA
|MODEL||YTD 22 / YTD 21||YTD 22||YTD 21||YTD 22 SHARE||YTD 21 SHARE|
The Chevy Traverse was originally slated to receive a refresh for the 2021 model year, but as a result of delays stemming from the COVID-19 pandemic, the refresh was delayed to the 2022 model year. The refresh included a slight update to exterior styling as well as a few updates to the cabin, headlined by new safety tech and an update to the trim level lineup.