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General Motors Corp. announces the ’07 GMC Yukon SUV, which is on sale now, reportedly carries a base price of $34,690, some $890 less than the previous-generation ’06 model.

Lower pricing on the all-new GMT900-based vehicles reflects GM’s effort to move closer to actual transaction levels and reduce incentive spending.(See related story: GM February Sales Down 2.6%; Fleet Deliveries Decline)

Premium trim-level Denali SUVs reportedly are set to go on sale shortly and will start at $47,990, a $2,070 drop from ’06 models. Long-wheelbase XL and XL Denalis will appear later in spring and will start at $37,790 and $50,490, respectively.

Standard Yukons are equipped with a 5.3L V-8 engine and 4-speed automatic transmission and are available in rear- and 4-wheel-drive variants. Denali models are offered only with all-wheel drive and feature increased interior content and a 6.2L V-8 engine mated to a 6-speed automatic.

All prices include an $875 destination charge.