GMC Yukon sales decreased in the United States, Canada, and Mexico during the second quarter of 2024.
GMC Yukon Sales – Q2 2024 – United States
Cumulative deliveries of the GMC Yukon family in the United States decreased by four percent to 21,449 units in Q2 2024.
Sales Numbers - GMC Yukon - Q2 2024 - USA
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|
YUKON | +71.99% | 21,449 | 12,471 | +72.01% | 39,462 | 22,942 |
YUKON XL | -100.00% | 0 | 9,798 | -100.00% | 0 | 19,050 |
TOTAL | -3.68% | 21,449 | 22,269 | -6.02% | 39,462 | 41,992 |
(Sometimes, like this quarter, U.S. sales figures are not broken out for the regular-length Yukon and extended-length Yukon XL but are combined.)
GMC Yukon Sales – Q2 2024 – Canada
Cumulative deliveries of the GMC Yukon family in Canada decreased 33 percent to 1,940 units in Q2 2024, comprised of:
- 1,168 units of the regular-length Yukon, a decrease of almost 27 percent compared to 1,599 units sold in Q2 2023
- 772 units of the extended-length Yukon XL, a decrease of nearly 41 percent compared to 1,306 units sold in Q2 2023
Sales Numbers - GMC Yukon - Q2 2024 - Canada
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|
YUKON | -26.95% | 1,168 | 1,599 | -18.42% | 2,360 | 2,893 |
YUKON XL | -40.89% | 772 | 1,306 | -33.20% | 1,662 | 2,488 |
TOTAL | -33.22% | 1,940 | 2,905 | -25.26% | 4,022 | 5,381 |
GMC Yukon Sales – Q2 2024 – Mexico
Cumulative deliveries of the GMC Yukon family in Mexico decreased eight percent to 251 units in Q2 2024, comprised of:
- 112 units of the regular-length Yukon, an increase of nearly two percent compared to 110 units sold in Q2 2023
- 139 units of the extended-length Yukon XL, a decrease of almost 15 percent compared to 163 units sold in Q2 2023
Sales Numbers - GMC Yukon - Q2 2024 - Mexico
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|
YUKON | +1.82% | 112 | 110 | -13.62% | 203 | 235 |
YUKON XL | -14.72% | 139 | 163 | -12.31% | 285 | 325 |
TOTAL | -8.06% | 251 | 273 | -12.86% | 488 | 560 |
Competitive Sales Comparison (USA)
Combined GMC Yukon sales, those of the Yukon and Yukon XL, kept the duo in third behind the Ford Expedition from the previous quarter in the mainstream full-size SUV segment during Q2 2024 when ranked by sales volume, but within just 300 deliveries of overtaking The Blue Oval.
Meanwhile, the Chevy Tahoe and Suburban, the Yukon’s corporate cousins that share the same architecture, continue to lead the segment on a combined basis, as has been the case for over two decades, while posting a 20 percent decline in sales to 36,898 units. Individually, the regular-length Tahoe (see running Chevy Tahoe sales) took the top spot again, with a 14 percent slip to 25,119 units. The Ford Expedition (see running Ford Expedition sales), which includes cumulative sales of the regular-length Expedition and extended-length Expedition Max, followed with a nine percent uptick to 21,747 units. Notably, the Tahoe alone bested sales of both Expedition variants combined. Sales of the regular-length GMC Yukon (see running GMC Yukon sales) and the extended-length Yukon XL (see running GMC Yukon XL sales) are combined this quarter, with the SUV family posting a cumulative four percent dip to 21,449 units. The Jeep Wagoneer, comprised of both the regular-length Wagoneer and longer Wagoneer L (but not including the Grand Wagoneer), was next with a 107 percent leap in sales for 16,734 deliveries. The extended-length Suburban (see running Chevy Suburban sales) saw a 29 percent drop for 11,779 deliveries. The Toyota Sequoia was next with a 33 percent swell to 6,910 units, while the Nissan Armada rounded out the list with an 18 percent downturn moving 4,856 units.
Sales Numbers - Mainstream Full-Size SUVs - Q2 2024 - USA
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | Q2 24 SHARE | Q2 23 SHARE | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|---|---|
CHEVROLET TAHOE | -14.15% | 25,119 | 29,258 | 23% | 27% | -14.28% | 48,443 | 56,515 |
FORD EXPEDITION | +8.70% | 21,747 | 20,007 | 20% | 19% | +10.01% | 43,307 | 39,366 |
GMC YUKON | +71.99% | 21,449 | 12,471 | 20% | 12% | +72.01% | 39,462 | 22,942 |
JEEP WAGONEER | +107.23% | 16,734 | 8,075 | 15% | 8% | +119.03% | 29,865 | 13,635 |
CHEVROLET SUBURBAN | -29.30% | 11,779 | 16,661 | 11% | 16% | -29.84% | 21,463 | 30,593 |
TOYOTA SEQUOIA | +33.06% | 6,910 | 5,193 | 6% | 5% | +34.36% | 12,868 | 9,577 |
NISSAN ARMADA | -17.90% | 4,856 | 5,915 | 4% | 6% | -33.02% | 8,833 | 13,187 |
GMC YUKON XL | -100.00% | 0 | 9,798 | 0% | 9% | -100.00% | 0 | 19,050 |
TOTAL | +1.13% | 108,594 | 107,378 | -0.30% | 204,241 | 204,865 |
The Yukon and Yukon XL duo held a combined 20 percent segment share. The Tahoe and Suburban combined for a 34 percent share, accounting for over a third of sales here, with the Tahoe posting a 23 percent share and the Suburban with an 11 percent share. The Expedition and Expedition Max earned a cumulative 20 percent share, and Wagoneer and Wagoneer L together posted a 15 percent share. Finishing up, the Sequoia held a six percent share, while the Armada earned a four percent share.
Sales Numbers - Chevy Full-Size SUVs - Q2 2024 - USA
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | Q2 24 SHARE | Q2 23 SHARE | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|---|---|
CHEVROLET TAHOE | -14.15% | 25,119 | 29,258 | 68% | 64% | -14.28% | 48,443 | 56,515 |
CHEVROLET SUBURBAN | -29.30% | 11,779 | 16,661 | 32% | 36% | -29.84% | 21,463 | 30,593 |
TOTAL | -19.65% | 36,898 | 45,919 | -19.75% | 69,906 | 87,108 |
As noted above, sales for the Ford Expedition and Jeep Wagoneer include sales figures for the regular-length model (Tahoe/Yukon competitors) and those of their extended-length models (Suburban/Yukon XL competitors). Meanwhile, Tahoe and Suburban sales are reported separately.
Sales Numbers - GMC Full-Size SUVs - Q2 2024 - USA
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | Q2 24 SHARE | Q2 23 SHARE | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|---|---|
GMC YUKON | +71.99% | 21,449 | 12,471 | 100% | 56% | +72.01% | 39,462 | 22,942 |
GMC YUKON XL | -100.00% | 0 | 9,798 | 0% | 44% | -100.00% | 0 | 19,050 |
TOTAL | -3.68% | 21,449 | 22,269 | -6.02% | 39,462 | 41,992 |
The Tahoe and Suburban duo again led the mainstream full-size SUV segment in terms of sales volume, followed by Ford and then the Yukon family. The four GM full-size SUV nameplates combined for 58,347 deliveries for a commanding 54 percent segment share, accounting for over half of all sales in this space.
Sales Numbers - GM Mainstream Full-Size SUVs - Q2 2024 - USA
MODEL | Q2 24 / Q2 23 | Q2 24 | Q2 23 | Q2 24 SHARE | Q2 23 SHARE | YTD 24 / YTD 23 | YTD 24 | YTD 23 |
---|---|---|---|---|---|---|---|---|
CHEVROLET TAHOE | -14.15% | 25,119 | 29,258 | 43% | 43% | -14.28% | 48,443 | 56,515 |
CHEVROLET SUBURBAN | -29.30% | 11,779 | 16,661 | 20% | 24% | -29.84% | 21,463 | 30,593 |
GMC YUKON | +71.99% | 21,449 | 12,471 | 37% | 18% | +72.01% | 39,462 | 22,942 |
GMC YUKON XL | -100.00% | 0 | 9,798 | 0% | 14% | -100.00% | 0 | 19,050 |
TOTAL | -14.43% | 58,347 | 68,188 | -15.28% | 109,368 | 129,100 |
The full-size mainstream SUV segment grew by just one percent to 108,594 units during Q2 2024, meaning combined Yukon and Yukon XL sales significantly outperformed the segment average.
The GM Authority Take
The previous quarter, sales of the GMC Yukon duo saw it fall behind its crosstown rival, the Ford Expedition family, for the first time in nearly three years to place third. This quarter, however, Big Red’s full-size SUVs closed the gap to just 300 deliveries, potentially on a path to reclaim second place.
The Chevy Tahoe and Suburban duo continues to lead the mainstream full-size SUV segment, and combining sales of GMC and Chevy SUVs still enabled GM to account for over half of all sales here as the remaining three competitors slice up the rest of the pie. Better yet, a refresh of The General’s offerings is set to arrive for the 2025 model year to take on new and updated models from competitors.
We expect these model refreshes from GMC and Chevy to boost sales and strengthen GM’s command of the lucrative full-size SUV segment.
About GMC Yukon And Yukon XL
The 2024 GMC Yukon drops the Redwood Metallic paint color and adds three new paint colors to the lineup, while the 2024 Yukon Denali Ultimate will offer two new wheel options as part of a small number of changes, updates, and new features. Check out what’s new and different for the 2024 Yukon and Yukon XL.
The refreshed 2025 GMC Yukon, arriving later this year, boasts a long list of upgrades and changes. These include new front and rear fascias, 5G network connectivity, and a huge screen that mirrors the same infotainment layout as the upcoming first-ever 2024 GMC Sierra EV and all-new 2024 GMC Acadia – a 15-inch infotainment display and an 11-inch driver information screen.
Also, for 2025, the GMC Yukon AT4 will finally get a diesel engine option for the first time, featuring the new 3.0L I6 LZ0 turbodiesel Duramax engine.
As before, the 2025 Yukon will continue to offer two gasoline engine options: the naturally aspirated 5.3L V8 L84 and the naturally aspirated 6.2L V8 L87, with engine availability dependent on the trim level selected.
Recently, GM revealed a glimpse of the refreshed 2025 GMC Yukon, hinting at its impending debut, though GM Authority has secured spy images of the SUV in full view for the premium Denali trim, the range-topping Denali Ultimate trim, and the off-road-oriented AT4 trim before you’re supposed to see it. Check out the Denali Ultimate in Onyx Black, with an even better look here.
Here’s what we know and expect for the 2025 GMC Yukon and Yukon XL.
About The Numbers
- All percent change figures compared to GMC Yukon sales in Q2 2023, unless noted otherwise
- In the United States, there were 77 selling days for Q2 2024 and 77 selling days for Q2 2023
- GM Q2 2024 sales reports:
- GM Q2 2024 sales U.S.A.
- GM Canada sales Q2 2024
- GM Mexico sales Q2 2024
- GM China sales Q2 2024
- GM Brazil sales Q2 2024
- GM Argentina sales Q2 2024
- GM Chile sales Q2 2024
- GM Colombia sales Q2 2024
- Chevrolet Colombia April 2024 sales
- Chevrolet Colombia May 2024 sales
- Chevrolet Colombia June 2024 sales
- GM South Korea sales Q2 2024
- GM South Korea April 2024 sales
- Chevrolet South Korea April 2024 sales
- Cadillac South Korea April 2024 sales
- GM South Korea May 2024 sales
- Chevrolet South Korea May 2024 sales
- GMC South Korea May 2024 sales
- Cadillac South Korea May 2024 sales
- GM South Korea June 2024 sales
- Chevrolet South Korea June 2024 sales
- Cadillac South Korea June 2024 sales
- GM South Korea April 2024 sales
Comment
So Canadian sales numbers on ICE powered Yukon’s are substantially down. What a surprise!
Possible reasons are:
1. Midcycle refresh delayed to 2025 so purchasers, if they can afford the vehicle and the exorbitant taxes, are waiting for the updated version. And GMC keeps kicking the order release date down the road.
2. Canada’s new Federal “Luxury” tax on vehicles over $100,000 CDN and Province Sales Taxes. Federal is 5% and 20% of the value over $100,000 or 10% of total cost once the price reaches $200,000) Example, Extra Tax on $125,000 is $125,000 – $100,000 x 20% = $5,000 This is on top of the 5% Federal Goods and Service Tax on 100% of the vehicle sale price. So total Federal Taxes on the $125.000 vehicle is $11,250 in Alberta, where is no provincial sales tax. Then even more in the other provinces that have a sales tax. BC another 7% , 8% in Ontario and another 10% in the maritime provinces. So in the Maritime Provinces one would pay whopping $23,750 in taxes for the purchase of a $125,000 Yukon
3. Current GMC pricing has gotten to the point where it will not attract purchasers.
With all of this, Yukons are becoming unaffordable and although they are great vehicles, they are perhaps losing their value for money edge.
With these factors especially 2. and 3., sales may continue to decline in the coming quarters in Canada.