Corp. says base models of its all-new ‚Äô10 Chevrolet Equinox, perhaps the most significant launch for the struggling auto maker this year, will carry a sticker price of $23,185.
The cross/utility vehicle arrives at Chevy dealers in June from its current joint-venture manufacturing location in Ingersoll, ON, Canada.
GM says the base price on the ‚Äô10 Equinox is $1,800 less than the previous-generation model. Pricing for a fully loaded model ‚Äď including options such as a larger V-6 engine, GM‚Äôs newest-generation all-wheel-drive system, second-row entertainment, sunroof and 19-in. wheels ‚Äď would sticker for under $37,000.
Entry-level models of the extensively redesigned midsize CUV will include a 182-hp, 2.4L spark-ignition direct-injection 4-cyl. engine with an estimated highway fuel economy of up to 30 mpg (7.8 L/100 km), according to GM. The auto maker estimates city fuel economy of 21 mpg (11.2 L/100 km). Environmental protection Agency ratings are still pending.
GM expects the Equinox‚Äôs fuel economy, which translates into a cruising range of 500 miles (804.7 km), to be class-leading. GM also touts Equinox‚Äôs interior storage capacities as among the best in the industry.
‚ÄúGetting best-in-class fuel economy and great storage for less than $24,000 is significant,‚ÄĚ Ed Peper, GM vice president-Chevrolet, says in a statement announcing the pricing.
Standard safety features include six airbags, electronic stability control and traction control.
The 2.4L engine is one of two all-new DI mills from GM to debut on the Equinox. Also available is a 264-hp, 3.0L V-6 engine with an estimated fuel economy of 18 mpg city and 25 mpg hwy (13.1-9.4 L/100 km).
GM expects two-thirds of Equinox buyers to choose the 4-cyl. engine, although both mills are mated to a 6-speed automatic transmission and take regular gasoline.
The Chevy Equinox represents GM‚Äôs first vehicle in a plan calling for 22 of the auto maker‚Äôs 24 new-vehicle launches over the next three years to be passenger cars or CUVs, according to the viability plan it submitted to the government as part of a multi-billion-dollar rescue package.
Prior the record industry-sales downturn, the middle CUV segment represented one of the fastest-growing in the industry. Through March, sales in the segment were down 26.1% to 297,815 units on a daily selling rate basis, compared with 367,756 units delivered in like-2008, according to Ward‚Äôs data.