mobile-menu-icon
GM Authority

GMC Savana Wins J.D. Power 2023 Canada ALG Residual Value Award

The 2023 GMC Savana van, now at the end of the nameplate’s third decade in production, won the J.D. Power 2023 Canada ALG Residual Value Award in the Commercial Van division. With resale now an important consideration for many buyers in today’s automotive market, the award highlights the Savana’s likely ability to retain value over time.

ALG, the residual value division of analytical firm J.D. Power, released the Canada Residual Value Award results in February. The vehicle models given the award, including the GMC Savana, were chosen as those projected to keep the highest percent of MSRP over a four-year period, or three years in the case of luxury vehicles.

A side view of the GMC Savana.

The 2023 GMC Savana was the winner in the Commercial Van segment of the Residual Value Award. ALG used an intensive analytic process to narrow down the starting field of 272 model lines to the 29 segment winners given the award, including the Savana.

ALG, the residual value division of research firm J.D. Power, assesses the vehicles based on “used-vehicle performance, brand outlook and product competitiveness.” The information is processed using algorithms and artificial intelligence (AI), and experienced analysts complete the selection.

A side view of the GMC Savana.

Two other vehicle models from the Big Red, the 2023 GMC Canyon and the 2023 GMC Yukon, also won the award in their categories. This is the second year in a row the GMC Savana won the Residual Value Award in its segment, defeating such competitors as the Chevy Express, Ford Transit and Mercedes-Benz Sprinter.

Canadian MSRPs for the GMC Savana (with a $2,095 destination freight charge included) are as follows:

2023 GMC Savana Starting MSRPs in Canada
2500 Regular Wheelbase 2500 Extended Wheelbase 3500 Regular Wheelbase 3500 Extended Wheelbase
Passenger LS $51,298 - $52,698 $53,598
Passenger LT $53,698 - $54,698 $55,598
Cargo Van $46,298 $48,298 $48,298 $49,198

The GMC Savana usually sees few changes between model years. However, GM decided to remove an engine option in the 2023 GMC Savana. The Savana lost the 2.8L I4 LWN turbo-diesel Duramax engine, developing 181 horsepower and 369 pound-feet of torque, from its available powertrain choices. The diesel engine-specific (RPO code RQD) GM eight-speed automatic transmission it was paired with also became unavailable.

The van’s two remaining engine options include the naturally aspirated 4.3L V6 LV1 gasoline engine, rated at 276 horsepower and 298 pound-feet of torque, and the naturally aspirated 6.6L V8 L8T gasoline engine, rated at 401 horsepower and 464 pound-feet of torque. These are paired with the GM eight-speed automatic (RPO cod M5U) and GM six-speed automatic (RPO code MYD) transmissions respectively.

Interior view of the GMC Savana front row seats.

The GMC Savana is not expected to see any significant changes for the upcoming 2024 model year. Production of the 2024 GMC Savana is scheduled to begin on September 5th, 2023, a few days after 2023 GMC Savana production sunsets on September 1st, 2023.

As a reminder, the 2023 Savana rides on the GMT 610 platform, while production launched at the GM Wentzville plant in Missouri on August 15th, 2022. Notably, the Savana Cutaway is also produced by Navistar at a separate facility in Ohio.

Subscribe to GM Authority for more J.D. Power residual value news, GMC Savana news, GMC news, and around-the-clock GM news coverage.

Subscribe to GM Authority

For around-the-clock GM news coverage

We'll send you one email per day with the latest GM news. It's totally free.

Comments

  1. Another article paid for by GM. I know delete this post too

    Reply
  2. GMC savanna and chevero express vans are overdo for a update it’s time for a change we’re in 2023 not in 1990s GM is always behind our company drives all GM vehicles but GM is always behind on there vans

    Reply
  3. I will say this we have at least 20 of these vans delivering seafood and they are bullet proof , I have had 2 go over a million miles and one in particular never had any engine work at all and the transmission went 740K . The other had a burnt valve and we had to redo the heads @ 600K but still made it past a million. Actually both are still used but only locally due to the body rust. We have at least 7 with over 500K and still delivering. The transmissions are getting weaker as they used to last approx 250K but we have had 1 each 2019/2020 models with 75K and 124K failures .

    Reply
  4. Good Day yes I think its time Gm steps it up to the plate the vans are way over do its time y something different in vans the trucks an cars the change up almost every year it really be nice to see them put some of the money in to there van line up I own some vans if it dosen’t happen soon I will have to switch to something else I’m a true Gm guy I own 15 Gm an cheavy vicheles but I’m looking for something new in vans after 30 years I think Gm should maybe listen to there customers

    Reply
  5. Bad Grammar there Chevy Pete.

    Reply
  6. Best VAN out there. Proven, reliable, made for a long time and the kinks have been worked out. Why change?

    You’ll just make it either ughlee or tinkertoy like Ford or RAM and OVER priced.

    Reply

Leave a comment

Cancel