A report by the auto industry’s trade group says the price tag of GM’s new SUV range will be $50 million-$100 million, down from $150 million-$200 million when it launched last year.
The trade group, the American Automobile Association, said that while the new range is expected to be sold in “the tens of millions,” the average price per vehicle would be “about $25,000.”GM said the new SUVs would be produced in three variants: the GMC Canyon, GMC Envoy, and GMC Yukon.
It would include a base model and a range-topping SUV, but only the base model will be sold.
The GMC Challenger, which GM said will go on sale in 2019, will be a five-door SUV, with a price tag between $30,000 and $40,000.
The Yukon, which is expected in 2020, will have a base price of $40 to $60,000, the trade group said.
The Chevrolet Grand Marquis will be the first SUV to be produced with a 3.5-liter turbocharged V6 engine, the company said.
The Grand Marquise will go in three different colors, including red and white, the group said in a release.
The new SUV lineup will be GM’s third-generation range-extending SUV, following the Chevrolet Suburban, which went on sale last year and the Chevrolet Colorado, which will be on sale later this year.GM’s Chevrolet Cruze, a midsize crossover that goes on sale this summer, will debut in 2019 and the Cruze is expected, but will not be the same model as the Crux.
The Cruze will be priced between $40 and $55,000 in the U.S. and $50 to $65,000 worldwide.