The GMC Yukon has won the J.D. Power 2023 Canada ALG Residual Value Award, placing first in the Full-size Utility category. This is the second year in a row the Yukon has been chosen to receive the Residual Value Award for Canada, though ALG has not chosen it for a similar award in the U.S. market.
The GMC Yukon is one of a trio of GMC vehicles winning a Canada Residual Value Award this year, alongside the 2023 GMC Canyon and the GMC Savana. These other vehicles took top places in the Midsize Pickup and Commercial Van segments respectively.
The J.D. Power Canada ALG Residual Value Awards, issued by research firm J.D. Power’s residual value division ALG, provide an industry-recognized snapshot of which mass-market vehicles will best retain MSRP as resale value over time. The award predicts which vehicles will keep the most value for four years in the case of passenger vehicles or three years for premium vehicles.
The awards, announced on February 1st, are used as an important predictor of resale value by the auto leasing industry and others. ALG selects the winners through a rigorous analytic process its press release says involves weighing “used-vehicle performance, brand outlook and product competitiveness.”
Analysts, algorithms, and artificial intelligence (AI) sorted through information to identify the top 15 brands in 29 segments out of a field of 272 model lines from the 2023 model year.
The prices for the 2023 GMC Yukon, which are the starting point for future resale value, are as follows in Canada, including a $2,095 destination freight charge:
| Yukon | Yukon XL | |
|---|---|---|
| SLE 2WD | $70,598 | $73,598 |
| SLE 4WD | $73,898 | $76,898 |
| SLT 2WD | $78,498 | $81,498 |
| SLT 4WD | $81,798 | $84,798 |
| AT4 4WD | $86,098 | $89,098 |
| Denali 4WD | $93,898 | $96,898 |
| Denali Ultimate 4WD | $116,793 | $119,793 |
The GMC Yukon is due for a significant mid-cycle refresh with the launch of the upcoming 2024 model year. As GM Authority‘s exclusive spy photos revealed, the 2024 GMC Yukon exterior will be heavily revised, starting with a reworked front fascia with a large grille and lighting borrowed from refreshed GMC Sierra styling, and continuing with a new wheel design and light changes to the taillights. A matching interior refresh is almost certain as well, but its exact details are unknown at this point.
As a reminder, the 2023 GMC Yukon is offered with three powertrain options, including the naturally aspirated 5.3L V8 L84 gasoline engine, developing 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 finally, the 3.0L I6 LM2 turbodiesel Duramax engine developing 277 horsepower and 460 pound-feet of torque.
Under the skin, the GMC Yukon full-size SUV rides on the GM T1 platform. Production takes place at the GM Arlington plant in Texas.
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