The average transaction price (ATP) for new Chevy Express vans was up 18 percent during the third quarter of the 2021 calendar year, set at $46,130.
According to a recent report from Cox Automotive, the increase in ATP for the Chevy Express van coincided with rising ATPs across the Chevy brand in the U.S. According to the report, the ATP for the entirety of the Chevy brand rose 16 percent during in the third quarter of 2021, up to $47,525. The most expensive model in the lineup, the C8 Corvette Stingray, was up 8 percent to $83,526, while the Chevy Camaro was up 14 percent to break the $40,000 mark. The ATP for the Chevy Suburban increased 2 percent to $67,502, while the ATP for the Chevy Tahoe decreased 2 percent to $63,105. Finally, the ATP for the popular Chevy Silverado pickup truck was up 6 percent, breaking the $50,000 mark.
Overall, the 18 percent ATP increase for the Chevy Express was the largest percentage increase for the Chevy brand during Q3.
The ATPs for the three remaining GM U.S. brands also increased. At Cadillac, the brand ATP increased 39 percent, the biggest ATP spike of all four U.S. GM brands, up to $77,393. Leading the charge was the new fifth-generation Cadillac Escalade with an ATP increase of 20 percent for the standard-length model at $103,342, and 19 percent for the extended-length model at $106,250.
Meanwhile the ATP for the GMC brand in the U.S. increased 10 percent to $77,534, led by the GMC Yukon and GMC Yukon XL SUVs. Finally, Buick’s ATP was up 8 percent to $35,841, led by the Buick Envision, which broke the $50,000 mark.
More broadly speaking, GM’s ATP for all four U.S. brands was up 16 percent to $50,392, per the Cox Automotive report. To note, General Motors heavily cut incentives, with an overall reduction of 46 percent to an average of $2,994 per vehicle.