GM reveals new GMC Canyon premium midsize pickup, starting at $40,000

DETROIT — General Motors on Thursday revealed its redesigned GMC Canyon as a extra premium providing than the present midsize pickup, together with a new off-road AT4X mannequin that may broaden the car’s pricing vary.

The new AT4X mannequin options off-road efficiency elements in addition to distinctive inside and exterior styling. It will launch alongside a normal AT4 off-road pickup, premium Denali mannequin and an entry-level Elevation trim that may begin at about $40,000. The firm will even provide a restricted “AT4X Edition 1” car for the primary 12 months of manufacturing, starting at $63,350. Starting pricing for the present mannequin tops out round $50,000.

Amid pent-up demand and report excessive costs, automakers have been including extra off-road and efficiency variants to their lineups to beef up revenue margins earlier than they transition extra to electrical autos, which might provide excessive efficiency however have decrease margins than gas-powered autos.

GM began providing AT4 autos with its full-size Sierra pickup in late 2018. It has since expanded to your complete GMC lineup. AT4 presently accounts for a couple of third of Canyon gross sales, in keeping with officers.

The Canyon is a sibling car to the just lately unveiled Chevrolet Colorado midsize pickup, however the firm has vastly differentiated the designs of the new autos. However, each pickups share the identical platform and “bones” and are completely powered by a 2.7-liter four-cylinder engine that produces as much as 310 horsepower and 430 foot-pounds of torque.

GM expects to start producing the 2023 Canyon early subsequent 12 months, with AT4X fashions starting in spring 2023. GM opened reservations for the 2023 GMC Canyon AT4X Edition 1 on Thursday.

Each 2023 Canyon is increased and wider than the present era. It’s additionally longer however provides about the identical inside house as the present car. The new design is extra aggressive than the outgoing mannequin, together with a big rectangular grille and a new iteration of the model’s signature C-shaped entrance lights.

Midsize pickup vans are necessary to the automaker, however their gross sales are far decrease than GM’s bigger full-size pickup vans. For instance, GMC bought solely about 13,700 Canyons via the primary half of this 12 months in contrast with greater than 70,000 Sierra light-duty pickups throughout that point.

GM’s U.S. gross sales had been down about 18% via the second quarter as the worldwide automotive business continues to handle via provide chain issues, together with a scarcity of semiconductor chips.

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