Although both new and used car prices have been astronomically high the past few years, used cars still present a better prospect for consumers looking to purchase a vehicle at a more attainable price. While pickup trucks have generally been the more popular choice on the used car market, it now appears as though the Chevy Equinox is gaining some ground.
According to a report from iSeeCars, the Equinox claimed 2.1 percent of used car sales in the United States in 2023, which was enough to push the Bow Tie crossover above the Ram 1500 to third place overall. This is an interesting statistic, as the Equinox actually lost some of its share of the used car market from 2022, where it boasted 2.2 percent of used vehicle sales.
In regard to crossovers specifically, the Equinox stood high above the competition and claimed 4.8 percent of the market share, whereas the second-ranked Toyota RAV4 only had 3.8 percent of used crossover sales in 2023. In addition, just like above, the Bow Tie crossover lost some ground when compared to 2022, where it claimed 5.2 percent of used crossover market share.
“Trucks have been so dominant in the U.S. market for so long that it’s strange to see the Ram lose its top-three ranking, even to an SUV as popular as the Chevrolet Equinox,” iSeeCars Executive Analyst Karl Brauer stated. “This shift reflects the jump in gas prices during 2023, which led many consumers to move away from large trucks and SUVs and into smaller, more fuel-efficient models.”
As a reminder, the Chevy Equinox will be all-new for the upcoming 2025 model year, as the Bow Tie brand introduces the fourth generation of its compact crossover. As such, the 2025 Equinox will boast significant overhauls to its exterior styling, interior appointments, and powertrain configurations.
The next-gen Equinox will ride on an updated variant of the GM D2 platform, while production will likely take place exclusively at the GM San Luis Potosà plant in Mexico.
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Comments
So the next t generation gasoline powered Equinox will be produced at the same plant that produces the new EV model. They probably will share parts, reducing cost of both models.
The Equinox has been a great value vehicle over the years. I just hope they haven’t screwed that up with the new tiny drivetrains.
i have all ready owned five Equinox so far and i have nothing bad to say about any of them right now i have a 2022 and it is the best handling and rideing car that i have ever owned .im eighty seven years old now and it probably be the last vehicle that i will ever buy .jelly
Congrats for the long life!