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GMC Sierra ATP Grows 14 Percent To Over $70,000 In Q4 2022

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.

According to a recent Cox Automotive report, the ATP of a GMC Sierra rose almost 14 percent in Q4 2022 to $72,006 as compared to the same timeframe in 2021.

2022 GMC Sierra 1500.

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

MODELQ4 2022 / Q4 2021Q4 2022Q4 2021YTD 2022 / YTD 2021 YTD 2022YTD 2021
ACADIA+229.29% 13,9424,234-11.52%53,014 59,913
CANYON+4.11% 6,4086,155+15.31%27,819 24,125
HUMMER EV PICKUP+7,172.73% 721+85,300.00%854 1
SAVANA+67.53% 7,1004,238+44.10%25,569 17,744
SIERRA+25.42% 72,41557,738-2.97%241,522 248,924
TERRAIN+416.73% 20,9484,054+82.29%86,567 47,488
YUKON-7.60% 13,29614,390-6.12%48,220 51,365
YUKON XL-6.38% 9,46410,109+3.67%34,084 32,877
GMC TOTAL+42.34% 143,645100,919+7.30%517,649 482,437

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.

Subscribe to GM Authority for more GMC Sierra news, GMC news, GM sales news, and around-the-clock GM news coverage.

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As a typical Florida Man, Trey is a certified GM nutjob who's obsessed with anything and everything Corvette-related.

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Comments

  1. If someone is dumb enough to pay that much, GM is more than willing to charge you that much.

    Reply

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