New units of the three-row Chevy Traverse crossover are still flying off dealer lots, highlighting the model’s strong demand in a hugely competitive segment. As of the end of November of this year, the Traverse posted a 19-day supply, far below the industry average and Chevrolet‘s overall inventory levels. The low supply was recorded even as Chevy’s average dealer supply improved slightly in October of 2024.
Earlier in the month, GM Authority reported that new units of the 2024 Chevy Traverse were turning in just 10 days after arriving at dealerships, compared to the 54-day average turn rate across all brands in the U.S. market. “Turning” refers to how quickly a vehicle is sold after arriving in dealer inventory.
The 2024 Chevy Traverse marks the debut of the third generation for the midsize crossover. Highlights include new truck-like exterior styling, a fully overhauled interior, a range of advanced technology features, and a new engine. Under the hood of all third-gen Traverse models you’ll find the turbocharged 2.5L I4 LK0 engine, which is rated at 328 horsepower and 326 pound-feet of torque – a substantial increase in output compared to the 310 horsepower and 266 pound-feet of torque produced by the 3.6L V6 LFY gasoline engine offered for the second-generation crossover.
Scott Bell, GM Vice President of Global Chevrolet, highlighted the Traverse’s growing popularity in an interview with GM Authority Executive Editor Alex Luft.
“I have more people coming up to me asking about the Traverse than I have had in my entire career,” Bell noted.
Notably, much of the attention comes from rival brands’ customers. “We’re seeing people coming out of Jeeps and Fords, and it feels good,” Bell added.
The 2025 Chevy Traverse brings a few notable updates compared to the initial 2024 model year, such as deletion of the LS trim level and reintroduction of the luxury-laden High Country trim.
The third-generation Chevy Traverse rides on the GM C1-2 platform, with vehicle production taking place at the GM Lansing Delta Township plant in Michigan.
Comments
How is that possible with only a turbo four cylinder? Does GM not know that motor won’t last and all those buying it want a V6? Yes, the new smaller motor is much more powerful, faster and gets better mileage, but people will know it is a four cylinder. This article is fake news…
There’s nothing fake about it – it is in short supply. Go ask Chevy dealers if they wish they had more Traverses right now. All the people saying “wahhh no V6”, if you want to complain about something, complain about the transmission – that’s been problematic from the start.
I smell sarcasm coming from his post.
@TMI
You finally figured it out, did you? And the “poll” by readers, according to GM Authority, shows that 85% of the people that voted prefer a V6 engine in the Traverse.
I don’t think that you, or those 85% are out of touch with reality at all. I say then, offer a V6 as an option to purchase. Those cars will really be flying off the dealership lot!
This website is a site for car guys, ones who know all the specs and details of their vehicles, especially engines. This site generates limited views compared to more mainstream sites and with the niche audience (Primarily automotive enthusiasts and industry insiders) the actual buyers for the Traverse or Equinox or any of the other far left field thoughts cars guys have on certain vehicles, doesn’t relate to the actual buying demographics. Traverse buyers are ones who don’t know what engine is in there, get scared to drive when it rains and only cares about room, comfort and then probably reliability and mpg. They aren’t clamoring for a TTV6 with 450+hp. The old V6 sold less than this new turbo four, which shows they care more about the added features then the motor. The reality is the 85% are the ones out of touch with the actual buyer. As much as I would love to pilot around with the family a 500+ hp SUV, my wife isn’t the one I want driving that nor cares to for the 95% of the time she is the primary driver.
Because a singular opinion is just that. Buyers, as proven by sales, have a different opinion.
But it’ll never sell with that engine, just like the Trax will never sell…..oh, wait……perhaps all the “complain more than my ex-wife” armchair CEO’s on this stupid conspiracy theory lovin’ site don’t Jack S. Hyte.
Yes, the Traverse is selling with the four cylinder. The question is, how many more could they sell with a six cylinder? One size doesn’t always fit all.
They are selling every one they can make, by definition they couldn’t sell any more even if it had the old high revving, low torque V6 all the Octogenarians on here love so much.
You will love the V6 too, when your stressed- out 4 banger burns out ..
But if one size fits most, you cater to that group. Let me explain how business works, it is there to make money. That V6 might bring a few more percent of buyers (not really because it is less powerful but ill digress). Now you have a whole new trim that needs certification, parts, training, testing and so on for which increases development cost of the entire range and drives down margins. That 4% of added sales might have increased the vehicle price by 6% to cover costs and then some. Now that 6% is too much and now alienates another group of buyers, so sales stay flat overall as a lower margin…
Sadly, you are correct.
They cannot keep up with sales now, how could they sell more?
May be a high demand, but the Ford Explorer out sells Chevrolet GMC and Buick combined
What is your source for that fairy tale?
A picture of the plant lot should reveal one of two things: 1) An empty lot or 2) A full lot or near full. GM has a habit of leaving vehicles stock piled while awaiting some part or inspection or while waiting for transport. The author should seek photos to collaborate or dispute supply claims.