Inventory levels across the United States of the Chevy Equinox improved significantly in the beginning of August 2023, sources familiar with the matter tell GM Authority.
There were about 10,900 units of the Chevy Equinox on the ground at dealerships as of early August 2023, with an additional 10,700 examples on their way to dealers. This gives the Equinox a 24 days supply, meaning that inventory levels are able to sustain 24 days worth of current sales volume. As context, a 60 days supply is considered optimal across the automotive industry.
It’s worth noting that inventory levels are expected to improve moving forward into Q4 2023, as General Motors begins shipping more Equinox units to the U.S.
As context, Equinox inventory levels had been generally decreasing over the course of the 2023 calendar year until July 2023, during which the compact crossover featured an 18 days supply with 7,900 units on dealer lots. Before, June 2023 was the low mark in regard to inventory, with approximately 5,700 units on dealership lots and 6,800 examples en route for a 14 days supply.
It’s worth noting that sales of the Bow Tie compact crossover fell over the course of Q2 2023, reflecting the decreasing days supply figures of the past few months.
Chevrolet Equinox Sales - Q2 2023 - United StatesIn the United States, Chevrolet Equinox deliveries totaled 52,949 units in Q2 2023, a decrease of about 13 percent compared to 60,642 units sold in Q2 2022.
In the first six months of the year, Equinox sales decreased about 9 percent to 105,851 units.
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As a reminder, the current 2024 Chevy Equinox is available with a single powerplant, the new-for-2023 turbocharged 1.5L I4 LSD gasoline engine, rated at 175 horsepower and 203 pound-feet of torque. Output is directed to the pavement via the GM six-speed automatic transmission.
Notably, the LSD engine replaced the turbocharged 1.5L I4 LYX gasoline engine, which developed 170 horsepower and 203 pound-feet of torque.
In regard to structure, the Equinox rides on the GM D2 platform, while production of the 2024 model year officially kicked off in May 2023 at the GM Ramos Arizpe plant and the GM San Luis Potosí plant, both of which are located in Mexico.