GMC Terrain ATP Rises 8.6 Percent To $36,852 In Q4 2022
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The 2023 GMC Terrain represents the sixth model year of Big Red’s compact crossover, and currently carries a starting MSRP of $31,295. However, according to a recent report, the average transaction price (ATP) of a new Terrain was more than $36,000 in Q4 2022.
According to a Cox Automotive report, the ATP of a GMC Terrain rose more than eight percent in Q4 2022 to $36,852 as compared to the same timeframe in 2021. 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 |
|---|---|---|---|---|---|---|
| ACADIA | +229.29% | 13,942 | 4,234 | -11.52% | 53,014 | 59,913 |
| CANYON | +4.11% | 6,408 | 6,155 | +15.31% | 27,819 | 24,125 |
| HUMMER EV PICKUP | +7,172.73% | 72 | 1 | +85,300.00% | 854 | 1 |
| SAVANA | +67.53% | 7,100 | 4,238 | +44.10% | 25,569 | 17,744 |
| SIERRA | +25.42% | 72,415 | 57,738 | -2.97% | 241,522 | 248,924 |
| TERRAIN | +416.73% | 20,948 | 4,054 | +82.29% | 86,567 | 47,488 |
| YUKON | -7.60% | 13,296 | 14,390 | -6.12% | 48,220 | 51,365 |
| YUKON XL | -6.38% | 9,464 | 10,109 | +3.67% | 34,084 | 32,877 |
| GMC TOTAL | +42.34% | 143,645 | 100,919 | +7.30% | 517,649 | 482,437 |
Altogether, GM sales fared quite 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 grabbed it in 2021. In regards to Q4 2022 ATP figures, GM posted an average of $52,849 per vehicle, which is down slightly from Q4 2021 numbers. However, this is still a strong showing as compared to pre-COVID years.
As a reminder, the current 2023 GMC Terrain is headlined by the introduction of the new turbocharged 1.5L I4 LSD gasoline engine. Replacing the older turbocharged 1.5L I4 LYX gasoline engine, the newer 1.5L I4 LSD engine is rated at 175 horsepower and 203 pound-feet of torque, and pairs with the GM nine-speed automatic transmission.
Also new for the 2023 model year, and in conjunction with the 2023 Chevy Equinox, the Terrain gets a new electro-hydraulic braking system that replaces the traditional vacuum-assisted braking system. In addition, Volcanic Red Tintcoat, Sterling Metallic and Deep Bronze Metallic paint colors have been added to the options list.
As for structure, the Terrain rides on the GM D2 platform, while production for the 2023 model year commenced on August 22nd, 2022 at the GM San Luis Potosí plant in Mexico.
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But it doesn’t have the 2.0, so no one should be buying these or paying this much for them…. Or maybe buyers in this class don’t care about all out power and care more about regular driving (not 80 mph passing power on two lane roads), mpg and creature comforts.