GMC Terrain sales increased in the United States, Canada, and Mexico during the third quarter of 2022.
GMC Terrain Sales - Q3 2022 - United States
In the United States, GMC Terrain deliveries totaled 17,917 units in Q3 2022, an increase of about 81 percent compared to 9,901 units sold in Q3 2021.In the first nine months of the year, Terrain sales increased about 51 percent to 65,619 units.
| MODEL | Q3 2022 / Q3 2021 | Q3 2022 | Q3 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +80.96% | 17,917 | 9,901 | +51.08% | 65,619 | 43,434 |
GMC Terrain Sales - Q3 2022 - Canada
In Canada, GMC Terrain deliveries totaled 3,418 units in Q3 2022, an increase of about 84 percent compared to 1,860 units sold in Q3 2021.In the first nine months of the year, Terrain sales increased about 74 percent to 10,910 units.
| MODEL | Q3 2022 / Q3 2021 | Q3 2022 | Q3 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +83.76% | 3,418 | 1,860 | +73.84% | 10,910 | 6,276 |
GMC Terrain Sales - Q3 2022 - Mexico
In Mexico, GMC Terrain deliveries totaled 546 units in Q3 2022, an increase of about 98 percent compared to 276 units sold in Q3 2021.In the first nine months of the year, Terrain sales increased about 70 percent to 1,594 units.
| MODEL | Q3 2022 / Q3 2021 | Q3 2022 | Q3 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +97.83% | 546 | 276 | +70.48% | 1,594 | 935 |
Competitive Sales Comparison (USA)
GMC Terrain sales during the third quarter of 2022 put the Professional Grade brand’s compact crossover in 12th place among 16 entries in the mainstream compact crossover segment when ranked by sales volume. The Toyota RAV4 remained in first place with an 11 percent increase in sales to 102,456 units, far eclipsing the field and the only model to break 100K in deliveries. The Honda CR-V was in second in spite of a 19 percent decline to 62,085 units. The Chevy Equinox (see running Chevy Equinox sales), the Terrain’s corporate cousin and D2 platform mate, took third with a solid 44 percent jump to 46,646 units. The Nissan Rogue placed fourth with a 19 percent drop to 42,460 units, pushing the Hyundai Tucson to fifth with a 28 percent increase to 41,554 units. The Terrain, in 12th place, saw sales up a segment-best 81 percent with 17,917 deliveries.
Sales Numbers - Mainstream Compact Crossovers - Q3 2022 - USA
MODEL Q3 22 / Q3 21 Q3 22 Q3 21 Q3 22 SHARE Q3 21 SHARE YTD 22 / YTD 21 YTD 22 YTD 21 TOYOTA RAV4 +11.06% 102,456 92,252 20% 19% -3.22% 303,341 313,447 HONDA CR-V -19.31% 62,085 76,941 12% 16% -38.41% 178,687 290,140 CHEVROLET EQUINOX +43.77% 46,646 32,444 9% 7% +8.08% 163,324 151,110 NISSAN ROGUE -18.90% 42,460 52,358 8% 11% -44.54% 130,135 234,647 HYUNDAI TUCSON +27.74% 41,554 32,530 8% 7% +8.25% 125,625 116,047 KIA SPORTAGE +47.15% 37,383 25,404 7% 5% +13.91% 89,739 78,778 FORD ESCAPE +34.57% 35,391 26,299 7% 5% -2.22% 109,311 111,791 MAZDA CX-5 -23.65% 34,145 44,722 7% 9% -15.58% 115,949 137,343 SUBARU FORESTER -21.55% 28,468 36,289 6% 7% -39.96% 79,405 132,254 VOLKSWAGEN TIGUAN +29.03% 25,608 19,847 5% 4% -24.31% 64,336 85,000 FORD BRONCO SPORT +3.56% 21,427 20,690 4% 4% -1.51% 79,976 81,204 GMC TERRAIN +80.96% 17,917 9,901 3% 2% +51.08% 65,619 43,434 JEEP CHEROKEE -0.84% 11,495 11,592 2% 2% -60.82% 30,852 78,750 MITSUBISHI OUTLANDER -32.30% 7,178 10,602 1% 2% +43.26% 30,481 21,277 MITSUBISHI ECLIPSE CROSS +2.56% 2,649 2,583 1% 1% +20.46% 8,361 6,941 DODGE JOURNEY -97.08% 31 1,062 0% 0% -98.65% 187 13,827 TOTAL +4.31% 516,893 495,516 -16.91% 1,575,328 1,895,990
From a segment share standpoint, the Terrain posted a three percent share, up one percentage point. The RAV4 held a dominant 20 percent segment share, up one percentage point, while the CR-V posted a 12 percent segment share, down four percentage points. The Equinox held a nine percent share, up two percentage points. The Rogue and Tucson each posted an eight percent share, down three and up one percentage points, respectively.
GM’s two entries, the GMC Terrain and Chevy Equinox, combined for 64,563 deliveries for a 12 percent segment share, putting The General in second place ahead of the Honda CR-V by about 2.5K deliveries, but still far behind the RAV4.
GM Mainstream Compact Crossover Sales - Q3 2022 - USA
| MODEL | Q3 22 / Q3 21 | Q3 22 | Q3 21 | Q3 22 SHARE | Q3 21 SHARE | YTD 22 / YTD 21 | YTD 22 | YTD 21 |
|---|---|---|---|---|---|---|---|---|
| CHEVROLET EQUINOX | +43.77% | 46,646 | 32,444 | 72% | 77% | +8.08% | 163,324 | 151,110 |
| GMC TERRAIN | +80.96% | 17,917 | 9,901 | 28% | 23% | +51.08% | 65,619 | 43,434 |
| TOTAL | +52.47% | 64,563 | 42,345 | +17.68% | 228,943 | 194,544 |
Overall, the compact crossover segment grew four percent to 516,893 units, meaning Terrain sales significantly outperformed the segment average.
The GM Authority Take
GMC Terrain sales performed well despite various production-related constraints in the past. Since no 2022 GMC Terrain units were built between June and November 2021, the compact crossover’s availability at dealer lots was substantially diminished. In fact, the ongoing global semiconductor microchip shortage has disrupted production of the 2022 GMC Terrain on multiple occasions, impacting both available inventory and resulting sales volume. In January 2022, production finally commenced for the 2022 GMC Terrain AT4 and Denali at the GM San Luis Potosi plant, per GM’s tiered rollout cadence for the refreshed (2022) model. Better yet, GM announced in March that it will increase production of the Equinox and Terrain in Mexico, a decision the automaker affirmed in June.
The 2023 GMC Terrain arrives as the sixth model year of the latest second-gen Terrain. It introduces a few critical changes and updates as compared to the fully refreshed 2022 GMC Terrain, which debuted updated looks, several new features, as well as the new Terrain AT4 as a new off-road-flavored trim that is offered exclusively with AWD.
One of the updates for 2023 is a new powerplant, namely the turbocharged 1.5L I4 LSD gasoline engine, which is rated at 175 horsepower and 203 pound-feet of torque. The new turbocharged engine will replace the turbocharged 1.5L I4 LYX gasoline engine previously equipped on the 2022 Terrain. Notably, output is similar between the two boosted four-cylinder engines, with the LYX rated at 170 horsepower and 203 pound-feet of torque. The 2023 Terrain will continue utilizing the GM 9-speed automatic transmission for cog swaps, the same transmission configuration used by the 2022 model.
The 2023 Terrain is also equipped with an electro-hydraulic braking system, meaning GMC’s crossover will follow in the footsteps of another small crossover in the GM vehicle portfolio – the Cadillac XT4, which has featured e-assist brakes for a few years now. Cadillac says this system can enhance fuel economy and takes up less space under the vehicle’s hood, replacing the traditional vacuum-assisted brake setup.
On a related note, GM is asking its dealerships to increase sales of GMC Terrain Denali units equipped with the Black Diamond Edition package up to 40 percent (of the Denali mix). The package, which is only available on the Denali trim level, brings a bevy of features for the exterior and interior.
Production for the 2023 Terrain commenced at the GM San Luis Potosà plant in Mexico on August 22nd, 2022. The online configurator tool is now live for the 2023 model year.
2023 Honda CR-V
Enhancements to the Terrain are good news as competition continues to be fierce in the mainstream compact crossover segment. In July, Honda CR-V debuted a next-generation model for 2023, to which GM has an answer.
During the recent GM Investor Day event held November 17th, GM President Mark Reuss provided a few interesting insights with regard to the upcoming next-gen GMC Terrain. He stated that, like the Chevy Equinox, the GMC Terrain competed “in the largest segment in the world,” and that the next-gen model would receive “sort of the GMC Professional Grade upgrade.”
“I gotta tell you, it’s one of the most beautiful SUVs in that segment” Reuss said. “Again, very GMC, very truck, very Professional Grade, so a big interior and exterior enhancement for the Terrain.”
The upcoming next-gen GMC Terrain will debut during the 2024 calendar year, and will be offered for either the 2024 or 2025 model year.
About The Numbers
- All percent change figures compared to GMC Terrain sales for Q3 2021, unless noted otherwise
- In the United States, there were 77 selling days for Q3 2022 and 77 selling days for Q3 2021
- GM Q3 2022 sales reports:
- GM Q3 2022 sales U.S.A.
- Chevrolet sales Q3 2022 U.S.A.
- Cadillac sales Q3 2022 U.S.A.
- Buick sales Q3 2022 U.S.A.
- GMC sales Q3 2022 U.S.A.
- GM Canada Q3 2022 sales
- Chevrolet Canada sales Q3 2022
- Cadillac Canada sales Q3 2022
- Buick Canada sales Q3 2022
- GMC Canada sales Q3 2022
- GM Mexico sales Q3 2022
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- GM Q3 2022 sales U.S.A.
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Comments
When you are not building them your are not selling them…moral of the story.