GMC to expand global presence in Australia, New Zealand and China after record year in 2023

Following stellar results in North America and beyond in 2023, GMC today confirmed the brand's global expansion into three new international markets.

Customers in Australia, New Zealand and China will soon join the GMC family, and the brand will introduce the Yukon full-size SUV in these high-growth markets. Sales in China are expected to begin in 2024, followed by Australia and New Zealand in 2025. The announcement follows the launch of the GMC Sierra LD pickup truck in South Korea in 2023, pioneering the premium truck market in the country.

These new markets will strengthen the brand's established operations in the US, Mexico, Canada and the Middle East, and will build on GMC's incredible speed and global appeal.

“GMC is in one of the most exciting eras in its history as we look forward to growing competitively in our home market while also venturing into new ones,” said Duncan Aldred, global vice president of Buick and GMC. “We are building our future as a premium truck and SUV brand, and our success proves that our customers around the world are excited about the path we are taking forward.”

GMC ended 2023 in the U.S. with an increase in retail sales (6.5%) so far this calendar year, resulting in the best overall sales performance since 2017. A key factor in this success was the Sierra LD and HD nameplates' record sales and sixth consecutive year of share growth. In addition, production of the HUMMER EV pickup truck and SUV continues to increase as excitement and enthusiasm for the all-electric supertruck continues, with retail sales expected to double from 2022 to 2023.

The brand sold the highest annual volume of Denali (34%) and AT4 (19%) models, recording average transaction prices for GMC. In 2024, both versions will celebrate milestone years: the Denali's 25th anniversary and the AT4 marking its fifth year in the GMC lineup.

GMC has achieved excellent results in current international markets, including:

Canada:

• Retail sales will increase by 10% in 2023
• Register a total market share of 5.5%
• Sierra HD's record retail market share of 29.6%
• 53% Denali and AT4 retail mix
• The Yukon and Yukon XL are the best-selling full-size SUVs in Canada

Middle East:

• Total sales increased by 15% year-on-year
• Yukon/Yukon XL sales are up 12% year over year

Mexico:

• Sales increased by 14.4% year-on-year
  Sierra sales are up 90% year over year

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Hence, GMC is gearing up to expand its global presence in Australia, New Zealand and China in 2023 after a record year.