By Colin Ryan
Updated January 30, 2025
The 2023 Chevy Traverse midsize 3-row SUV certainly has roominess on its side. After receiving a revamp last year (this second generation debuted for 2018), the Traverse’s generous space remains this Chevrolet 8-seater’s greatest attraction. That and its 310-horsepower V6.
Some other members of its class are newer and hold their value better, so they grab more attention. The 2023 Traverse seems like just another SUV by comparison. But that does it a disservice.
Large families going on road trips should be pleased with the amount of legroom and headroom in each row, plus the generous cargo space, while enjoying the muscular engine and noting how slowly the fuel gauge moves toward E.
2023 Chevrolet Traverse pricing starts at $28,513 for the Traverse LS Sport Utility 4D, which had a starting MSRP of $35,315 when new. The range-topping 2023 Traverse High Country Sport Utility 4D starts at $42,232 today, originally priced from $55,545.
Original MSRP | KBB Fair Purchase Price (national avg.) | |||
---|---|---|---|---|
$35,315 | $28,513 | |||
$39,735 | $32,731 | |||
$46,415 | $37,714 | |||
$51,070 | $40,568 | |||
$55,545 | $42,232 |
The Kelley Blue Book Fair Purchase Price for any individual used vehicle can vary greatly according to mileage, condition, location, and other factors. The prices here reflect what buyers are currently paying for used 2023 Chevrolet Traverse models in typical condition when purchasing from a dealership. These prices are updated weekly.
No hybrids or turbos, but the 2023 Traverse has a strong 3.6-liter V6 making more horsepower than most rivals. It propels this midsize 3-row SUV with a confident thrust while returning tolerable fuel economy figures.
The suspension tuning keeps the family comfortable, but it’s not overly soft. Active noise cancellation helps keep the cabin hushed while on the move.
Seating for eight is standard in the LS. The rest of the range has accommodations for seven, although eight seats are optional in the LT. The difference is a pair of captain’s chairs in the second row taking the place of a 3-position bench seat.
This is one of the few midsize 3-row SUVs that has sufficient space for adults to sit in the rearmost row without too much grumbling. Legroom back there is 33.5 inches, with 38.4 inches in the second row. Headroom is great throughout.
Chevrolet can’t quite wean itself off the occasional piece of cheap plastic in its interiors, but the 2023 Traverse has a pleasant cabin in general. Along with 10 cup holders.
Cargo space is another Traverse strength, going from 23 cubic feet to a massive 98.2 cubic feet with rows two and three folded.
There’s a good reason why the 2023 Traverse SUV is so spacious inside — it’s big on the outside — a whisker over 17 feet long, about the same as most minivans. So it would be good to get a version with rear parking sensors.
The lower trims have 18-inch alloy wheels, replaced by 20-inch versions from the RS and up, although buyers of any new Traverse can choose the bigger rims. Roof rails are optional in the base LS and standard elsewhere.
The LS and LT versions offer Midnight and Sport cosmetics packages with many exterior elements finished in black. Premier trim is eligible for a Redline Edition package with similar black details, plus red accents in the alloy wheels.
This year’s new paint choices are Radiant Red Tintcoat and Sterling Gray Metallic.
WIRELESS APPLE CARPLAY/ANDROID AUTO
Although smartphone integration is standard in most new vehicles, this more convenient and standard wireless version means being able to leave the phone in a purse or jacket pocket.
DUAL SKYSCAPE SUNROOF
Standard in the High Country, optional in the LT, RS, and Premier trims, this dual-pane sunroof accentuates the general openness of the 2023 Traverse SUV cabin. The rearmost pane has a powered shade.
The most affordable new Traverse SUV is LS trim, with 18-inch alloy wheels, LED headlights/daytime running lights/taillights, keyless entry/ignition, 3-zone automatic climate control, cloth upholstery, and a rear-seat reminder.
Safety systems include forward collision warning with automatic emergency braking and pedestrian detection, lane-keeping assistance, following distance indicator, automatic high beams, and a Teen Driver feature.
The infotainment setup has a 7-inch touchscreen, wireless Apple CarPlay/Android Auto smartphone integration, satellite radio, Wi-Fi, six USB ports (two per row), Bluetooth for two devices, and six speakers.
All-wheel drive is one of the major options across the 2023 Traverse SUV range. A safety package for LS trim adds blind-spot monitoring with rear cross-traffic alert and rear parking sensors. These are standard in the rest of the lineup.
LT brings a new steering wheel with audio/cruise controls, wireless phone charging, heated side mirrors, and eligibility for many more options. These include leather upholstery, heated front seats, powered liftgate, rear camera mirror, 360-degree camera system, rear pedestrian alert, navigation, 8-inch touchscreen, adaptive cruise control, remote start, 120-volt outlet, a dual-pane sunroof, and a 10-speaker Bose audio system.
RS has most of those things as standard (not the dual-pane sunroof), plus 20-inch alloy wheels and perforated leather upholstery.
Premier adds an 8-inch configurable driver information display, power-adjustable steering column, memory settings for the driver’s seat/side mirrors/power-adjustable steering column, heated/ventilated front seats, heated outboard second-row seats, Safety Alert Seat, and hands-free tailgate operation.
The dual-pane sunroof finally makes it off the options list with the High Country model, joined by a power-folding third row. And that’s kind of it for this top trim.
It’s looking a bit old-school in the engine bay of the 2023 Traverse, but there’s a solid 3.6-liter V6 developing 310 horsepower and 266 lb-ft of torque without the aid of turbochargers or superchargers. This makes the Traverse one of the more muscular midsize SUVs.
Front-wheel drive (FWD) is the standard setup, with all-wheel drive (AWD) offered as an option at every trim level. Transmission duties are handled by a 9-speed automatic. And maximum towing capacity is 5,000 pounds.
Regular gasoline is fine. These fuel economy estimates from the Environmental Protection Agency (EPA) relate to 2022, but we don’t anticipate any changes for 2023.
3.6-liter V6
310 horsepower @ 6,800 rpm
266 lb-ft of torque @ 2,800 rpm
EPA city/highway fuel economy: 18/27 mpg (FWD), 17/25 mpg (AWD)
Lease a new 2025 CHEVROLET Traverse FWD LT for $459/month for 24 Months with $5509 Due at Signing.
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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2023 | - | $35,380 | $31,777 | ||
2024 | $6,188 | $29,192 | $25,577 | ||
Now | $2,552 | $26,640 | $23,211 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Fuel Capacity | 19.4 gallons | ||
---|---|---|---|
Front Head Room | 42.8 inches | ||
Front Leg Room | 41.0 inches | ||
Max Seating Capacity | 8 | ||
Minimum Ground Clearance | 7.5 inches | ||
Overall Length | 205.9 inches | ||
Front Shoulder Room | 62.1 inches | ||
Towing Capacity, Maximum | 1500 lbs. | ||
Turning Diameter | 39.0 feet | ||
Wheel Base | 120.9 inches | ||
Gross Vehicle Weight Rating (GVWR) | 6160 lbs. | ||
Width with mirrors | 88.6 inches |
Alloy Wheels | Available | ||
---|---|---|---|
Number of Doors | 4 doors | ||
Privacy Glass | Available | ||
Roof Rails | Available | ||
LED Headlights | Available |
City | 18 mpg | ||
---|---|---|---|
Highway | 27 mpg | ||
Combined | 21 mpg |
Drivetrain | FWD | ||
---|---|---|---|
Transmission Type | Automatic | ||
9 speed | Available | ||
Recommended Fuel | Regular | ||
Parking Assist System | Available |
Horsepower | 305 @ 6800 RPM | ||
---|---|---|---|
Torque | 260 @ 2800 rpm | ||
Engine | V6, 3.6 Liter |
Basic | 3 years / 36000 miles | ||
---|---|---|---|
Powertrain | 5 years / 60000 miles | ||
Corrosion | 6 years / 100000 miles |
Forward collision warning
This is standard in every new Traverse SUV, with automatic emergency braking and pedestrian detection.
Rearview camera mirror
Optional in the LT trim (and recommended, considering rearward vision is somewhat limited in the Traverse SUV) and standard higher up, the rearview camera mirror is really a small video display showing a clear image without anything behind the driver getting in the way.
Safety Alert Seat
A vibrating driver’s seat warns of potential hazards in the most basic way. This is standard in the two highest trims.
Used 2023 Chevrolet Traverse | Used 2023 Toyota Venza | Used 2023 Subaru Outback | Used 2023 Kia Sorento | ||
---|---|---|---|---|---|
Price | $28,513 | $31,371 | $27,774 | $28,138 | |
KBB.com Rating | 4.0 | 4.4 | 4.6 | 4.7 | |
Consumer Rating | 4.3 | 4.6 | 3.9 | 3.9 | |
Fuel Economy | City 18/Hwy 27/Comb 21 MPG | City 40/Hwy 37/Comb 39 MPG | City 26/Hwy 32/Comb 28 MPG | City 24/Hwy 29/Comb 26 MPG | |
Fuel Type | Gas | N/A | N/A | N/A | |
Safety Rating | 5.0 | 5.0 | 5.0 | 4.0 | |
Seating Capacity | 8 | 5 | 5 | 7 | |
Basic Warranty | 3 years or 36000 miles | 3 years or 36000 miles | 3 years or 36000 miles | 5 years or 60000 miles | |
Horsepower | 305 @ 6800 RPM | 219 @ 5700 RPM | 182 @ 5800 RPM | 191 @ 6100 RPM | |
Engine | V6, 3.6 Liter | 4-Cyl, Hybrid, 2.5 Liter | 4-Cyl, 2.5 Liter | 4-Cyl, GDI, 2.5 Liter | |
Drivetrain | FWD | AWD | AWD | FWD |
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The manufacturer’s suggested retail price (MSRP) for a front-wheel-drive 2023 Traverse SUV in LS trim is $34,520.
There really aren’t any bad midsize 3-row SUVs, but the 2023 Traverse strengthens its case with an impressively spacious interior.
With the right equipment, a 2023 Traverse SUV can tow up to 5,000 pounds. That’s about average for the class.
Yes, the 2023 Chevrolet Traverse is a good car. Its Kelley Blue Book rating of 4 out of 5 is within 10% of our average rating.
2023 Chevrolet Traverse city/highway fuel economy ratings range from 17/25 mpg to 18/27 mpg, depending on trim and equipment.
Used 2023 Chevrolet Traverse prices currently range from $28,513 for the LS Sport Utility 4D to $42,232 for the High Country Sport Utility 4D when purchasing from a dealership, depending on a range of factors like equipment, mileage, and condition.
The cheapest 2023 Chevrolet Traverse is the LS Sport Utility 4D, with a Kelley Blue Book Fair Purchase Price of $28,513.
The 2023 Chevrolet Traverse is part of the 2nd-generation Traverse, which our owners give an above-average reliability rating of 4.5 out of 5.