GMC Terrain Sales Leap 417 Percent During Q4 2022
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GMC Terrain sales increased in the United States, Canada, and Mexico during the fourth quarter of 2022.
GMC Terrain Sales - Q4 2022 - United States
In the United States, GMC Terrain deliveries totaled 20,948 units in Q4 2022, an increase of about 417 percent compared to 4,054 units sold in Q4 2021.During the complete 2022 calendar year, Terrain sales increased about 82 percent to 86,567 units.
| MODEL | Q4 2022 / Q4 2021 | Q4 2022 | Q4 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +416.73% | 20,948 | 4,054 | +82.29% | 86,567 | 47,488 |
GMC Terrain Sales - Q4 2022 - Canada
In Canada, GMC Terrain deliveries totaled 3,314 units in Q4 2022, an increase of about 246 percent compared to 959 units sold in Q4 2021.During the complete 2022 calendar year, Terrain sales increased about 97 percent to 14,224 units.
| MODEL | Q4 2022 / Q4 2021 | Q4 2022 | Q4 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +245.57% | 3,314 | 959 | +96.60% | 14,224 | 7,235 |
GMC Terrain Sales - Q4 2022 - Mexico
In Mexico, GMC Terrain deliveries totaled 580 units in Q4 2022, an increase of about 625 percent compared to 80 units sold in Q4 2021.During the complete 2022 calendar year, Terrain sales increased about 115 percent to 2,184 units.
| MODEL | Q4 2022 / Q4 2021 | Q4 2022 | Q4 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| TERRAIN | +625.00% | 580 | 80 | +115.17% | 2,184 | 1,015 |
Competitive Sales Comparison (USA)
GMC Terrain sales during the fourth quarter of 2022 moved the Professional Grade brand’s compact crossover up two spots to 10th place among 16 entries compared to last quarter in the mainstream compact crossover segment when ranked by sales volume. The Toyota RAV4 remained in first place, as it has for the past year-and-a-half, posting a two percent increase in sales to 96,600 units, far outselling the field by roughly 37K deliveries. The Honda CR-V once again took second with a 16 percent decline to 59,468 units, while the Nissan Rogue moved up to third with an 11 percent bump to 56,345 units, followed by the Hyundai Tucson in fourth with a 42 percent jump to 49,682 units. The Chevy Equinox (see running Chevy Equinox sales), the Terrain’s corporate cousin and D2 platform mate, slipped to fifth in spite of a 243 percent jump to 48,748 units. The GMC Terrain moved up to 10th place with an even more impressive, segment-highest 417 percent leap to 20,948 units.
Sales Numbers - Mainstream Compact Crossovers - Q4 2022 - USA
| MODEL | Q4 22 / Q4 21 | Q4 22 | Q4 21 | Q4 22 SHARE | Q4 21 SHARE | YTD 22 / YTD 21 | YTD 22 | YTD 21 |
|---|---|---|---|---|---|---|---|---|
| TOYOTA RAV4 | +2.45% | 96,600 | 94,292 | 19% | 21% | -1.91% | 399,941 | 407,739 |
| HONDA CR-V | -16.40% | 59,468 | 71,131 | 12% | 16% | -34.08% | 238,155 | 361,271 |
| NISSAN ROGUE | +10.58% | 56,345 | 50,955 | 11% | 11% | -34.71% | 186,480 | 285,602 |
| HYUNDAI TUCSON | +42.35% | 49,682 | 34,902 | 10% | 8% | +16.14% | 175,307 | 150,949 |
| CHEVROLET EQUINOX | +242.98% | 48,748 | 14,213 | 9% | 3% | +28.28% | 212,072 | 165,323 |
| MAZDA CX-5 | +14.60% | 35,645 | 31,105 | 7% | 7% | -9.97% | 151,594 | 168,383 |
| KIA SPORTAGE | +124.39% | 35,506 | 15,823 | 7% | 4% | +32.39% | 125,245 | 94,601 |
| SUBARU FORESTER | +54.39% | 34,691 | 22,469 | 7% | 5% | -26.26% | 114,096 | 154,723 |
| FORD ESCAPE | -16.55% | 28,059 | 33,624 | 5% | 7% | -5.53% | 137,370 | 145,415 |
| GMC TERRAIN | +416.73% | 20,948 | 4,054 | 4% | 1% | +82.29% | 86,567 | 47,488 |
| FORD BRONCO SPORT | -27.42% | 19,571 | 26,965 | 4% | 6% | -7.97% | 99,547 | 108,169 |
| MITSUBISHI OUTLANDER | -17.02% | 10,461 | 12,606 | 2% | 3% | +20.83% | 40,942 | 33,883 |
| JEEP CHEROKEE | -8.73% | 9,470 | 10,376 | 2% | 2% | -54.76% | 40,322 | 89,126 |
| VOLKSWAGEN TIGUAN | -68.72% | 7,740 | 24,743 | 2% | 6% | -19.29% | 88,577 | 109,743 |
| MITSUBISHI ECLIPSE CROSS | +17.50% | 2,357 | 2,006 | 0% | 0% | +19.79% | 10,718 | 8,947 |
| DODGE JOURNEY | -96.64% | 7 | 208 | 0% | 0% | -98.62% | 194 | 14,035 |
| TOTAL | +14.65% | 515,298 | 449,472 | -10.16% | 2,107,127 | 2,345,397 |
From a segment share standpoint, the Terrain posted a four percent share, up three percentage points. The RAV4 led with a 19 percent segment share, down two percentage points, while the CR-V posted a 12 percent segment share, down four percentage points. The Rogue maintained an 11 percent share, and the Tucson earned a 10 percent share, up two percentage points. The Equinox held a nine percent share, up six percentage points.
Combining GM’s two entries, the GMC Terrain and Chevy Equinox, accounted for 69,696 deliveries for a 13 percent segment share. That allowed The General to push the Honda CR-V out of second place by over 10K deliveries, but still placing nearly 27K units behind the RAV4.
GM Mainstream Compact Crossover Sales - Q4 2022 - USA
| MODEL | Q4 22 / Q4 21 | Q4 22 | Q4 21 | Q4 22 SHARE | Q4 21 SHARE | YTD 22 / YTD 21 | YTD 22 | YTD 21 |
|---|---|---|---|---|---|---|---|---|
| CHEVROLET EQUINOX | +242.98% | 48,748 | 14,213 | 70% | 78% | +28.28% | 212,072 | 165,323 |
| GMC TERRAIN | +416.73% | 20,948 | 4,054 | 30% | 22% | +82.29% | 86,567 | 47,488 |
| TOTAL | +281.54% | 69,696 | 18,267 | +40.33% | 298,639 | 212,811 |
Overall, the compact crossover segment grew 15 percent to 515,298 units, meaning GMC Terrain sales significantly outperformed the segment average.
The GM Authority Take
GMC Terrain sales performed well during the fourth quarter of 2022 despite various production-related constraints in the past that have mostly been remedied, with over four times more deliveries than the previous quarter.
In fact, GMC inventory overall has climbed from more than a 60 days supply in November 2022 to more than a 70 days supply in December 2022. For reference, a 60-day supply was considered optimal in the U.S. auto industry prior to the COVID-19 pandemic. A 60 day inventory level means that dealerships have enough inventory on-site to sustain current sales volume for roughly the next 60 days.
We expect Terrain sales to continue at their current levels while also growing, as long as GM can keep up with supply.
About GMC Terrain
The 2023 GMC Terrain arrives as the sixth model year of the latest second-gen Terrain. It introduces a few critical changes and updates as compared to the fully refreshed 2022 GMC Terrain, which debuted updated looks, several new features, the new Terrain AT4 as well as a new off-road-flavored trim that is offered exclusively with AWD.
One of the updates for 2023 is a new powerplant, namely the turbocharged 1.5L I4 LSD gasoline engine, which is rated at 175 horsepower and 203 pound-feet of torque. The new turbocharged engine will replace the turbocharged 1.5L I4 LYX gasoline engine previously equipped on the 2022 Terrain. Notably, output is similar between the two boosted four-cylinder engines, with the LYX rated at 170 horsepower and 203 pound-feet of torque. The 2023 Terrain will continue utilizing the GM 9-speed automatic transmission for cog swaps, the same transmission configuration used by the 2022 model.
The 2023 Terrain is also equipped with an electro-hydraulic braking system, meaning GMC’s crossover will follow in the footsteps of another small crossover in the GM vehicle portfolio – the Cadillac XT4, which has featured e-assist brakes since its launch. Cadillac says this system can result in enhanced fuel economy and takes up less space under the vehicle’s hood, replacing the traditional vacuum-assisted brake setup.
On a related note, GM is asking its dealerships to increase sales of GMC Terrain Denali units equipped with the Black Diamond Edition package up to 40 percent of overall Denali mix. The package, which is only available on the Denali trim level, brings a bevy of features for the exterior and interior.
Production for the 2023 GMC Terrain commenced at the GM San Luis Potosí plant in Mexico on August 22nd, 2022. The online configurator tool is live for the 2023 Terrain.
During the recent GM Investor Day event held November 17th, GM President Mark Reuss provided a few interesting insights with regard to the upcoming next-gen GMC Terrain. He stated that, like the Chevy Equinox, the GMC Terrain competed “in the largest segment in the world,” and that the next-gen model would receive “sort of the GMC Professional Grade upgrade.”
“I gotta tell you, it’s one of the most beautiful SUVs in that segment” Reuss said. “Again, very GMC, very truck, very Professional Grade, so a big interior and exterior enhancement for the Terrain.”
The upcoming next-gen GMC Terrain will debut during the 2024 calendar year for the 2025 model year, sharing a carry-over platform with the next-gen Chevy Equinox, but updated for both.
Production of the 2024 GMC Terrain will begin in May and is scheduled to end in October 2024 to make way for the upcoming fourth-generation model.
Sales continue to climb for the Terrain, and a next-gen model with big upgrades can only help boost that trend even more.
About The Numbers
- All percent change figures compared to GMC Terrain sales for Q4 2021, unless noted otherwise
- In the United States, there were 78 selling days for Q4 2022 and 78 selling days for Q4 2021
- GM Q4 2022 sales reports:
- GM Q4 2022 sales U.S.A.
- Chevrolet sales Q4 2022 U.S.A.
- Cadillac sales Q4 2022 U.S.A.
- Buick sales Q4 2022 U.S.A.
- GMC sales Q4 2022 U.S.A.
- GM Canada Q4 2022 sales
- Chevrolet Canada sales Q4 2022
- Cadillac Canada sales Q4 2022
- Buick Canada sales Q4 2022
- GMC Canada sales Q4 2022
- GM Mexico sales Q4 2022
- GM Mexico sales October 2022
- Chevrolet Mexico October 2022 sales
- Buick Mexico October 2022 sales
- GMC Mexico October 2022 sales
- Cadillac Mexico October 2022 sales
- GM Mexico sales November 2022 sales
- Chevrolet Mexico November 2022 sales
- Buick Mexico November 2022 sales
- GMC Mexico November 2022 sales
- Cadillac Mexico November 2022 sales
- GM Mexico sales December 2022
- Chevrolet Mexico December 2022 sales
- Buick Mexico December 2022 sales
- GMC Mexico December 2022 sales
- Cadillac Mexico December 2022 sales
- GM Mexico sales October 2022
- GM China sales Q4 2022
- Chevrolet China Q4 2022 sales
- Buick China Q4 2022 sales
- Cadillac China Q4 2022 sales
- GM Brazil sales Q4 2022
- GM Argentina sales Q4 2022
- GM Chile sales Q4 2022
- GM Colombia sales Q4 2022
- GM South Korea sales Q4 2022
- GM South Korea October 2022 sales
- Chevrolet South Korea October 2022 sales
- Cadillac South Korea October 2022 sales
- GM South Korea November 2022 sales
- Chevrolet South Korea November 2022 sales
- Cadillac South Korea November 2022 sales
- GM South Korea December 2022 sales
- Chevrolet South Korea December 2022 sales
- Cadillac South Korea December 2022 sales
- GM South Korea October 2022 sales
- GM Q4 2022 sales U.S.A.
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I would consider the new Terrain but it needs a bit more HP and Torque to be competitive, I have the prev gen Terrain with Ecotec and will not buy another underpowered SUV.
Hopefully the next generation Terrain will be absolutely stunning and provide desirable features and most important the new terrain will come with a little more HP and then it will come professional grade again !!!!!