Chevy Equinox Sales Leap 243 Percent During Q4 2022

Chevy Equinox sales increased in the United States, Canada, South Korea, Argentina, and Colombia during the fourth quarter of 2022. The compact crossover also recorded two deliveries in Mexico and 933 in Brazil.

Chevrolet Equinox Sales - Q4 2022 - United States

In the United States, Chevrolet Equinox deliveries totaled 48,748 units in Q4 2022, an increase of about 243 percent compared to 14,213 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales increased about 28 percent to 212,072 units.

Chevrolet Equinox Sales - Q4 2022 - Canada

In Canada, Chevrolet Equinox deliveries totaled 3,661 units in Q4 2022, an increase of about 211 percent compared to 1,179 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales increased about 59 percent to 13,756 units.

Chevrolet Equinox Sales - Q4 2022 - South Korea

In South Korea, Chevrolet Equinox deliveries totaled 324 units in Q4 2022, an increase of about 32,300 percent compared to 1 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales increased about 99 percent to 1,101 units.

Chevrolet Equinox Sales - Q4 2022 - Mexico

In Mexico, Chevrolet Equinox deliveries totaled 2 units in Q4 2022, a decrease of about 50 percent compared to 4 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales decreased about 98 percent to 10 units.

Chevrolet Equinox Sales - Q4 2022 - Brazil

In Brazil, Chevrolet Equinox deliveries totaled 933 units in Q4 2022.

During the complete 2022 calendar year, Equinox sales totaled 1,768 units.

Chevrolet Equinox Sales - Q4 2022 - Argentina

In Argentina, Chevrolet Equinox deliveries totaled 69 units in Q4 2022, an increase of about 360 percent compared to 15 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales increased about 71 percent to 321 units.

Chevrolet Equinox Sales - Q4 2022 - Colombia

In Colombia, Chevrolet Equinox deliveries totaled 203 units in Q4 2022, an increase of about 1,930 percent compared to 10 units sold in Q4 2021.

During the complete 2022 calendar year, Equinox sales increased about 49 percent to 363 units.

Competitive Sales Comparison (USA)

Chevy Equinox sales during the fourth quarter of 2022 saw the Bow Tie’s compact crossover drop to fifth place in its segment of 16 entries from third last quarter when ranked by sales volume. The Toyota RAV4 remained in first place, as it has for the past year-and-a-half, posting a two percent increase in sales to 96,600 units, far outselling the field by roughly 37K deliveries. The Honda CR-V once again took second with a 16 percent decline to 59,468 units. The Nissan Rogue moved up to third with an 11 percent bump to 56,345 units, followed by the Hyundai Tucson in fourth with a 42 percent jump to 49,682 units. The Equinox slipped to fifth in spite of a 243 percent leap to 48,748 units. The GMC Terrain (see running GMC Terrain sales), the Equinox’s corporate cousin, moved up to 10^th place with an even more impressive, segment-best 417 percent leap to 20,948 units.

Sales Numbers - Mainstream Compact Crossovers - Q4 2022 - USA

From a segment share standpoint, the Equinox held a nine percent share, up six percentage points. The RAV4 led with a 19 percent segment share, down two percentage points, while the CR-V posted a 12 percent segment share, down four percentage points. The Rogue maintained an 11 percent share, and the Tucson earned a 10 percent share, up two percentage points. The Terrain posted a four percent share, up three percentage points.

Combining GM’s two entries, the Chevy Equinox and GMC Terrain, accounted for 69,696 deliveries for a 13 percent segment share. That allowed The General to push the Honda CR-V out of second place by over 10K deliveries, but still placing nearly 27K units behind the RAV4.

GM Mainstream Compact Crossover Sales - Q4 2022 - USA

Overall, the compact crossover segment grew 15 percent to 515,298 units, meaning Chevy Equinox sales significantly outperformed the segment average.

The GM Authority Take

Chevy Equinox sales continued to post healthy growth during Q4 2022, maintaining that trend from the prior quarter. Even so, the compact crossover slipped a couple spots to fifth place in the compact crossovers segment from a sales volume standpoint, while the Toyota RAV4 continues to be lead the segment.

The Equinox is the Bow Tie brand’s second best-selling model behind the Chevy Silverado and GM’s third best-selling model overall. Now, according to a new report, the Chevy Equinox was the most leased vehicle in the U.S. in Q3 2022.

The Chevy Equinox received a mid-cycle refresh for the 2022 model year, representing the fifth model year of the current, third-generation model. A long list of changes and updates for the 2022 Chevy Equinox includes a revised front fascia, small changes to the rear end, as well as the addition of the sporty RS trim level. Additionally, the 2022 Equinox became slightly more affordable than the preceding model year.

The 2023 Chevy Equinox ushers in a few noteworthy updates and changes as well, the biggest of which is a new engine, with the turbocharged 1.5L I4 LSD gasoline engine replacing the turbocharged 1.5L I4 LYX. Also, the 2023 Equinox receives a new e-boost braking system. As GM Authority was first to report, pricing for the 2023 Equinox increases $300 across the board over the 2022 model year.

In December the 2023 Chevy Equinox received a “recommended” rating by Consumer Reports. However, IIHS gives the Chevy Equinox a “poor” rating in its updated moderate overlap front test for model years 2021 through 2023.

Production of the 2023 Chevy Equinox began at the GM San Luis Potosí plant and GM Ramos Arizpe plant, both located in Mexico, on August 22^nd, 2022, and the online configurator tool is now live for the 2023 Equinox.

Regarding the future of the popular compact crossover, GM President Mark Reuss confirmed that the next-generation Chevy Equinox will arrive in 2024, during a presentation given at last fall’s GM Investors Day event.

“This is the big redo of our popular ICE Equinox that we have today, in the biggest segment of the world,” Reuss said. “This is right in the heart of the market and, again, this is a major redo for us here, so we’re very excited.” Reuss also stated the next-gen Equinox would be “high-volume” and “much more profitable than the old one,” also adding that the next-gen would be a “second lap” for the underlying D2 architecture.

Our spies first spotted the 2025 Chevy Equinox prototype testing in November, and again last month. Also, GM authority has learned that next-gen Equinox could get the Activ trim level like that offered on the current generation Chevy Trailblazer and upcoming 2024 Chevy Trax.

Meanwhile, the 2024 Chevy Equinox is expected to largely be a carryover from the 2023 model year, with production set to start in May 2023 and end in October 2024 to make room for the upcoming, next-gen model.

While the current, internal-combustion-engined Equinox will continue being offered well into the future, including the next-gen model, GM CEO Mary Barra debuted the first-ever 2024 Chevy Equinox EV on CBS Mornings after the automaker initially teased the all-electric compact crossover a year ago. The 2024 Chevy Equinox EV will feature as standard a single Ultium Drive electric motor powering the front wheels, rated at 210 horsepower and 242 pound-feet of torque. An optional ‘eAWD’ system will also be offered, rated at 290 horsepower and 346 pound-feet of torque.

While wait on the Equinox EV and competitors’ all-electric offerings to hit the market, it’ll be interesting to see how GM’s next-gen ICE version will impact sales.

About The Numbers

• All percent change figures compared to Chevrolet Equinox sales for Q4 2021, unless noted otherwise
• In the United States, there were 78 selling days for Q4 2022 and 78 selling days for Q4 2021
• South Korea sales figures reflect actual vehicle registrations rather than wholesales
• GM Q4 2022 sales reports:
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