As the third model year of the fifth generation of GMC’s full-size SUV, the 2023 GMC Yukon serves as one of Big Red’s most expensive models, with a starting MSRP of $59,295. However, the average transaction price (ATP) of the 2023 Yukon stood at more than $78,000 late last year, representing a near $20,000 jump from the starting price.
Coming from a recent Cox Automotive report, the ATP of a GMC Yukon rose by more than three percent in Q4 2022 as compared to the same timeframe in 2021. This brings the figure to $77,935 for the regular-wheelbase Yukon and to $79,972 for the extended-wheelbase Yukon XL, which is reflected 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. Interestingly, every GMC model besides the Yukon saw an increase in sales numbers as compared to Q4 2021.
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 preformed quite well in sales for Q4 2022. In fact, the Detroit-based automaker reclaimed its sales crown from Toyota for the 2022 calendar year after the Japanese-based automaker took it in 2021. In regards to Q4 2022 ATP figures, GM posted $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 2023 GMC Yukon is offered with three engine choices. These powerplant options include the naturally aspirated 5.3L V8 L84 gasoline engine, rated at 355 horsepower and 383 pound-feet of torque, the naturally aspirated 6.2L V8 L87 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, and the 3.0L I6 LM2 turbodiesel Duramax, rated at 277 horsepower at and 460 pound-feet of torque.