U.S. national inventory for the Chevy Traverse was running at 16 days supply at the beginning of January 2023, GM Authority has learned from sources familiar with the matter. Dealerships across the country had 6,043 units on the ground with 9,616 additional units in transit.
Supply of the Chevy Traverse was less than a third of the 60 days usually considered optimal, continuing a trend seen over the past several years. Starting with COVID-19, limited supply continues as a result of many different supply issues, including but not limited to the frequently headlined microchip shortage.
While still falling well short of the theoretical ideal, GM’s 16 days supply of Chevy Traverse crossovers is a slight improvement compared to the previous months. The Traverse was running at 15 days supply at the end of November 2022. At that time, just 3,839 units were on the ground at U.S. dealers, though 15,000 more were in transit.
Earlier, national inventory of 2,993 on-the-ground units, and 9,298 more in transit, put the Chevy Traverse at 10 days supply in October 2022.
Chevy Traverse sales numbers fell in 2022 for the third year in a row since 2019. As the following table shows, sales dropped 16.6 percent during 2022 compared to 2021, while at the same time, Chevy’s average sales rose by 6 percent overall. However, fourth-quarter (Q4) 2022 sales of the crossover increased more than 23 percent relative to Q4 2021, possibly signaling a late-year reversal of the downward trend.
Sales Results - Q4 2022 - USA - Chevrolet
|MODEL||Q4 2022 / Q4 2021||Q4 2022||Q4 2021||YTD 2022 / YTD 2021||YTD 2022||YTD 2021|
|LOW CAB FORWARD||+1.19%||1,532||1,514||+1.93%||5,764||5,655|
The Chevy Traverse received a mid-cycle refresh for the 2022 model year, refresh that was pushed back a year due to complications caused by the COVID-19 pandemic, while an overhaul is planned for the 2024 model.
The third-generation Chevy Traverse is scheduled as the first among a trio of next-generation full-size crossover models set to launch in 2023 and 2024. The next-gen GMC Acadia, and next-gen Buick Enclave will follow the new Traverse in that order. All three crossovers will be produced at the GM Lansing Delta Township plant in Michigan.
As a reminder, the current Chevy Traverse has the naturally aspirated 3.6L V6 LFY gasoline engine under its hood, rated at 310 horsepower and 266 pound-feet of torque and paired with the GM 9-speed automatic transmission. It rides on the long-wheelbase version of the GM C1 platform, which will carry over to the next generation.
Subscribe to GM Authority for more Chevy Traverse news, GMC Acadia news, Buick Enclave news, Chevy news, GMC news, Buick news, GM production news, GM business news, and around-the-clock GM news coverage.