Over the course of the third quarter of the 2023 calendar year, GMC Yukon sales dropped seven percent to 11,763 units, while GMC Yukon XL sales climbed nine percent to 9,395 units. During that same time period, the average transaction prices (ATPs) of the two full-size SUVs increased notably.
According to a report from Cox Automotive, the ATP of the Yukon and Yukon XL during Q3 2023 rose 11 and 12 percent, respectively, to $83,531 and $87,284. Overall, the GMC brand’s average transaction price stood at $64,049 in the third quarter, a nine-percent increase over Q3 2022.
During the second quarter of 2023, GMC Yukon average transaction prices also climbed about 12 percent over the same period in 2022. The Yukon and Yukon XL were selling at an average price of $83,619 and $86,619, respectively, in Q2.
It’s worth noting that workers at the GM Arlington plant in Texas – often considered the most profitable auto facility in the world and where the GMC Yukon is produced – recently went on strike.
As a reminder, the GMC Yukon is offered with three powertrain options, including the naturally aspirated 5.3L V8 L84 gasoline engine, rated at 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, rated at 277 horsepower and 460 pound-feet of torque.
In regard to structure, the Yukon rides on the GM T1 platform. Production for the upcoming 2024 model year is currently scheduled to kick off in November 2023 at the previously mentioned GM Arlington plant in Texas.
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Comment
Please explain the reason why the price is increasing?