GM unveils redesigned 2024 Chevy Traverse with more power, bigger technology, bold look

General Motors revealed a redesigned 2024 Chevrolet Traverse midsize SUV on Monday, saying it has more “SUV-like” proportions, additional family safety features and an all-new engine with higher horsepower and torque.

GM unveiled the SUV at the plant where it is assembled: Lansing Delta Township Assembly. Company leaders believe the new Traverse gives the brand a chance to dominate the competitive midsize SUV market, attracting new customers because of a new off-road capable Z71 model.

The new 2024 Chevrolet Traverse RS was revealed during an event at the Lansing Delta Assembly Plant in Lansing on Monday, July 17, 2023.

“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.”

Midsize SUVs the ‘Goldilocks’ of car industry

The 2024 redesigned Traverse will go on sale early next year, and Chevrolet will release its price closer to that time.

But the gasoline-powered Traverse is a crucial vehicle for GM even as the automaker segues toward its goal of selling all-electric cars by 2035.

“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.”

The Traverse is Chevrolet’s bestselling midsize SUV behind the Equinox. In the first half of this year, GM sold 68,681 Traverses — a 55% gain compared with the year-ago period — and 105,851 Equinox midsize SUVs— a decline of 9.3% compared with the year-ago period.

For the auto industry as a whole, midsize SUVs are the second-largest-selling segment of cars in the United States behind small SUVs, Drury said. Year-to-date, the top-selling segments are: compact SUVs, which made up 18.3% of the new cars sold; midsize SUVs, which made up 17.7%, and followed by large trucks at 10.5%. The pricing for midsize SUVs is also in a sweet spot, Drury said, noting the average transaction price year-to-date for a midsize SUV is $48,663 compared with $35,957 for compact SUVs and $62,383 for large trucks.