Chevy Traverse inventory levels across the U.S. fell slightly as of the beginning of May 2023, GM Authority sources familiar with the matter tell us.
7,300 units of the Chevy Traverse were on the ground at dealerships as of May 1st, 2023, with an additional 6,600 examples of the full-size crossover on their way to dealers across the U.S. This gives the Traverse a 17 days supply, meaning there is sufficient Traverse inventory for 17 days at the current sales pace. For reference, a 60 days supply was considered normal prior to the COVID-19 pandemic.
It’s worth noting that this is the second consecutive month of a decline in days supply for the Chevy Traverse, as April 2023 figures reflected a 19 days supply with 8,000 units on the ground and 6,800 units in transit. Before that, inventory levels had been slowly rising. Starting in January 2023, the Traverse had a 16 days supply with 6,043 units on the ground and 9,616 units in transit. Then, in February 2023, the Traverse had a 17 days supply with roughly 5,000 units on the ground and 8,200 units in transit. Finally, in March 2023, the Traverse had a 21 days supply with 7,200 units on the ground and 7,000 more units in transit.
However, when compared to May 2022 figures, inventory levels of the Bow Tie crossover have improved massively.
In regard to sales figures, the Chevy Traverse had a strong Q1 2023, with sales noticeably rising as compared to the same timeframe last year.
Chevrolet Traverse Sales - Q1 2023 - United StatesIn the United States, Chevrolet Traverse deliveries totaled 31,533 units in Q1 2023, an increase of about 34 percent compared to 23,464 units sold in Q1 2022.
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As far as the current 2023 Traverse is concerned, the Bow Tie brand’s full-size crossover features the naturally aspirated 3.6L V6 LFY gasoline engine, rated at 310 horsepower and 266 pound-feet of torque, and the GM nine-speed automatic transmission.
For those who may be unaware, the next-gen Traverse is expected to debut sometime during the 2023 calendar year.