Chevy Traverse Running At 10 Days Supply As Of October 2022

National inventory for the Chevy Traverse was running at 10 days supply at the beginning of October, GM Authority has learned from sources familiar with GM’s inventory situation. There were 2,993 units on the ground at U.S. dealers and 9,298 units in transit.

Supply of the full-size crossover is up from four days in May 2022, the same as March 2022 as well as January 2022 and December 2021. Those months inventory was down from 11 days supply in November 2021. That was up from six days at the beginning of October 2021, which was up from a nearly non-existent two days supply at the beginning of August 2021. As a reminder, the optimal figure for the U.S. auto industry prior to the COVID-19 pandemic and the global supply shortage crisis was 60 days.

Scarcity at dealer lots for over a year now is the result of the Chevy Traverse production being on-and-off throughout the 2021 and 2022 calendar years. The GM Lansing Delta Township plant in Michigan was idled on July 19^th, 2021, due to the ongoing global semiconductor microchip shortage. From there, restarts in Traverse production continued getting pushed back throughout 2021, with the changeover to the 2022 model year production taking place the week of October 25^th. However, production was idled again after the start of the new year, on January 3^rd, 2022, as GM prepared the plant to build the next-gen GMC Acadia at the facility. Even the start of regular production for the 2023 Chevy Traverse was delayed a week this past May, finally commencing on July 11^th, 2022.

In terms of sales, 69,694 Chevy Traverse units were moved out during the first three quarters of the year, down 26 percent and placing fifth with a nine percent share in the mainstream large three-row crossover segment when ranked by sales volume.

The Toyota Highlander took first place in the segment with 164,451 units sold through Q3 2022, in spite of a 21 percent decline in sales, while the Ford Explorer placed second with a three percent dip to 156,243 units, followed by the Honda Pilot in third with a 36 percent slide to 73,952 units. The Kia Telluride took fourth with a two percent bump to 72,296 units. The third- through fifth-place spots were all within a little over 4K units.

Sales Numbers - Mainstream Large Three-Row Crossovers - 2022 - USA

The 2022 Chevy Traverse received a refresh with plenty of other changes as well, including restyled front and rear fascias, alloy wheel design revisions, the addition of wireless Apple CarPlay and Android Auto, standard LED headlights, GM’s Safety Alert Seat, and an automatic stop-start disable switch. Also for 2022, the base model L trim was dropped, so the LS is now the entry-level variant. GM initially planned to refresh the Traverse for the 2021 model year, but delayed the launch of the updated model due to complications brought about by the COVID-19 coronavirus pandemic.

The 2023 Chevy Traverse arrives largely unchanged from the recently overhauled 2022 model year, but includes some pricing changes, adding anywhere from $300 to $545 depending on trim level and configuration. The pricing has increased yet another $300 for nearly all Chevy models for a three-year Remote Access plan that now comes as standard.

Pricing for the 2023 Traverse LS starts at $35,915, including the mandatory destination freight charge of $1,395, while the LT starts at $38,440, the RS starts at $46,440, and the Premier starts at $48,595. The range-topping High Country starts at $53,395.

All versions of the large, three-row crossover utility are powered by the same naturally aspirated 3.6 V6 LFY engine producing 310 horsepower and 266 pound-feet of torque. GM’s 9-speed automatic transmission and front-wheel drive are standard, while all-wheel drive is optional.

Subscribe to GM Authority for more Chevy Traverse news, Chevy news, and around-the-clock GM news coverage.