The All-New 2024 Traverse and Its Remarkable Upgrades

The Reveal

Monday (July 17, 2023), General Motors showcased the newly redesigned 2024 Chevrolet Traverse, a midsize SUV. The company emphasized that the vehicle now boasts more pronounced “SUV-like” dimensions, enhanced family safety attributes, and a brand-new engine that delivers increased horsepower and torque.

The unveiling of this SUV took place at the Lansing Delta Township Assembly, where it is manufactured. The leadership at GM is optimistic that this revamped Traverse will empower the brand to establish a commanding presence within the fiercely competitive midsize SUV sector. They anticipate drawing in fresh customers, especially due to the introduction of a new Z71 model that boasts off-road capabilities.

“Our new Traverse is designed and engineered to act and look more like an SUV,” Chevrolet Vice President Scott Bell said in a statement. “Led by the all-new Z71, the 2024 Traverse builds on the success of its predecessor and will undoubtedly enable us to be in more customer driveways.”

The ‘Just Right’ Option in the Automotive Sector

The revamped 2024 Traverse is set to hit the market in the early months of the upcoming year, with Chevrolet planning to disclose its pricing as the launch date approaches.

While GM is steadily progressing towards its objective of exclusively selling all-electric vehicles by 2035, the gasoline-powered Traverse remains a pivotal asset for the company.

“Even as GM has all new exciting EV launches around the corner that are in the limelight, vehicles like the Traverse hold up GM’s bread and butter of the business,” said Ivan Drury, director of Insights at Edmunds. “A solid seller, competing in one of the most competitive segments within the industry. Loyalty is built with vehicles like Traverse that allow levels of all-round box checking; getting Traverse right can lay solid groundwork for cousins GMC Acadia, Buick Enclave and Cadillac XT6.”

Chevrolet’s second best-selling midsize SUV, trailing only the Equinox, is the Traverse. During the initial half of this year, GM successfully marketed 68,681 units of the Traverse, marking a notable increase of 55 percent in comparison to the corresponding period of the previous year. Additionally, 105,851 units of the Equinox midsize SUV were sold, reflecting a decline of 9.3 percent when contrasted with the same period from the previous year.

In the broader context of the automotive industry, midsize SUVs hold the position of the second-largest selling category of vehicles in the United States, ranking just behind small SUVs. As Drury pointed out, the year-to-date statistics highlight the dominant segments: compact SUVs, constituting 18.3 percent of all new car sales; midsize SUVs at 17.7 percent; followed by large trucks at 10.5 percent. Drury also noted that the pricing for midsize SUVs occupies a favorable range. The average transaction price for midsize SUVs in the year-to-date stands at $48,663 (plus destination fee), in contrast to $35,957 (plus destination fee) for compact SUVs and $62,383 (plus destination fee)  for large trucks.

“Midsize SUVs (are) the Goldilocks of the industry, not too big, not too small, not too cheap, not too expensive,” Drury said.

Notable Upgrades

Here are key highlights of the upcoming redesigned 2024 Traverse:

1. Diverse Trim Options: The LS, LT, Z71, and RS will be the four available trim levels, all featuring upgraded safety features and cutting-edge technologies.
2. Enhanced Powertrain: Across all trims, a novel 2.5L turbocharged engine will be standard, projecting a GM-estimated 315 horsepower and 317 pound-feet of torque. This marks a substantial 19 percent surge in torque compared to the current model.
3. Impressive Trailering Capability: The new Traverse boasts a maximum trailering capacity of up to 5,000 pounds.
4. Seamless Transmission: Coupled with an eight-speed automatic transmission, the engine provides smooth performance. Furthermore, the option for all-wheel drive is available, including an exclusive twin-clutch AWD system tailored specifically for the Z71 trim, enabling off-road capabilities.

The upcoming Traverse Z71, built for off-road adventures, will feature a ground clearance increase of over an inch, coupled with widened track width to enhance stability and maneuvering. Standard features for the Z71 include all-terrain tires and specially designed 18-inch wheels exclusive to this trim.

Furthermore, the 2024 Traverse trims offer an array of enhanced safety and driver assistance technologies. Notably, the standard Chevy Safety Assist encompasses a range of safety features and driver assistance technologies. These include automatic emergency braking, forward collision alert, a following distance indicator; lane keep assist with lane departure warning, IntelliBeam high beam assist, and braking systems for both pedestrians and bicyclists.

When the time comes to purchase the 2024 Chevy Traverse, be sure to do it at Miami Lakes Automall. We have a multitude of vehicles from the brand in a diverse range of styles. Simply view our online new car inventory on our website and chat with one of our representatives for more information.

Photo Source/Copyright: Chevrolet Pressroom