The GMC Sierra pickup trim level hierarchy, which starts with Pro light duty model, currently carries a starting price of $40,020. Now, it seems as though a majority of Sierra customers are willing to pay much more for the truck, with an average transaction price (ATP) just over $70,000.
This number is complimented by GMC’s overall Q4 2022 ATP figure, which saw a 0.3 percent year-over-year rise to $62,720. As a whole, Big Red sold 143,645 vehicles in Q4 2022, representing a substantial 42 percent increase over Q4 2021 numbers.
Sales Results - Q4 2022 - USA - GMC
|MODEL||Q4 2022 / Q4 2021||Q4 2022||Q4 2021||YTD 2022 / YTD 2021||YTD 2022||YTD 2021|
|HUMMER EV PICKUP||+7,172.73%||72||1||+85,300.00%||854||1|
Overall, GM sales fared very well during Q4 2022. In fact, the Detroit-based automaker reclaimed its sales crown from Toyota for the 2022 calendar year after the Japan-based automaker nabbed it in 2021. In regards to Q4 2022 ATP figures, GM posted $52,849 per vehicle. That’s down slightly from Q4 2021 numbers, but still represents a strong showing as compared to pre-COVID years.
As a reminder, the 2023 GMC Sierra 1500 is available with four different engines. These powerplants include the turbocharged 2.7L I4 L3B gasoline engine, the naturally aspirated 5.3L V8 L84 gasoline engine, the naturally aspirated 6.2L V8 L87 gasoline engine and the all-new 3.0L I6 LZ0 turbodiesel Duramax engine. Models with the L3B engine are mated to the GM eight-speed automatic, while the L84, L87 and LZ0 are mated to the GM 10-speed automatic transmission.
As for 2023 GMC Sierra HD models, there are two engines available, including the naturally aspirated 6.6L V8 L8T gasoline engine and the 6.6L V8 L5P turbodiesel Duramax. The gasoline engine connects to the GM six-speed automatic transmission, while the diesel engine connects to the Allison-branded GM 10-speed automatic transmission. The upcoming 2024 Sierra HD refresh will bring various changes and updates, including more power and torque for the turbodiesel V8, as well as the standardization of the 10-speed across all models regardless of engines.