Over the past four fiscal quarters, the average transaction prices of the GMC Yukon have steadily risen to make it the most expensive Big Red product outside of the GMC Hummer EV. Now, the Yukon’s ATP has increased once again for Q4 2023.
According to a report from Cox Automotive, the average transaction prices of the GMC Yukon and GMC Yukon XL respectively jumped 7.5 and 8.1 percent to $83,311 and $86,877. Meanwhile, sales of GMC’s two full-size SUV variants dropped 18.8 and 12 percent, respectively, to 10,793 and 8,328 units in Q4 2023.
It’s worth noting that Big Red’s sales also fell 6.5 percent to 134,296 units in Q4 2023, while overall, General Motors sales stood at a 0.2 percent gain to 619,684 units.
As a reminder, the current GMC Yukon is offered with the choice between 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 the 3.0L I6 LM2 turbodiesel Duramax engine, rated at 277 horsepower and 460 pound-feet of torque.
The GM 10-speed automatic transmission is standard fare throughout the lineup, while both 2WD and 4WD are available.
In regard to structure, the Yukon rides on the GM T1 platform – which it shares with the Chevy Tahoe, Chevy Suburban, Cadillac Escalade, and Cadillac Escalade ESV. Production of the 2024 model year kicked off in November 2023 at the GM Arlington plant in Texas.
Looking forward, the Yukon is set to receive a mid-cycle refresh for the 2025 model year, which is expected to feature an updated exterior, overhauled interior, and updated powertrain.