General Motors has increased the Manufacturer Suggest Retail Price (MSRP) on the entirety of the 2021 Buick vehicle lineup.
The 2021 Buick price increases are moderate, ranging from $200 to $300. The Buick Enclave has received the higher price increase, with all trim levels, from the base Preferred to the range-topping Essence, now $300 pricier than they were previously.
|XT6 Premium Luxury||$350|
|Escalade Premium Luxury||$600|
|Escalade Premium Luxury Platinum, Sport Platinum||$1,000|
The Buick Encore, meanwhile, is now $200 more expensive across the board. This price increase applies to the entry-level 1SV trim as well as the Preferred trim. It’s a similar story with the Buick Encore GX, which is now $200 more expensive across all trim levels and powertrain configurations.
As for the 2021 Buick Envision, the base 1SV, Preferred, Preferred ST, Premium and Premium II trim levels will continue with the same price. The Essence, Essence ST and range-topping Avenir trims have gone up in price by $200.
GM has not provided a reason for the sweeping price increases, although consumer prices have been rising in recent months. The federal government said this week that consumer prices surged by 0.8 percent from March to April. The year-over-year average price increase for consumer goods was also at its highest level since 2008 for April.
The ongoing semiconductor chip shortage may also be contributing to higher manufacturing costs for automakers. Setbacks related to the chip shortage have led to low dealership inventories, sending more shoppers to the used market. This, in turn, has sent the price of used vehicles up sharply. Demand for new and used vehicles is also rising as the effects from the COVID-19 pandemic subsides, compounding with the already limited vehicle inventory.