The average transaction price (ATP) for new-vehicle sales of the Buick Envision crossover nearly reached the $40,000 mark during the third quarter of the 2021 calendar year.
According to a recent report from Cox Automotive, the Buick Envision and Buick Enclave helped to drive the Tri-Shield brand’s ATP 8 percent higher during Q3 of 2021, reaching $35,841. The ATP for the Buick Enclave managed to break the $50,000 mark.
Among GM’s four U.S. brands (Buick, Cadillac, Chevrolet, GMC), Cadillac had the most impressive rise in ATP during the given time period, increasing 39 percent to $77,393. The primary driver of this growth was the Cadillac Escalade luxury SUV, which saw an ATP increase of 20 percent to $103,342. The extended-length Cadillac Escalade ESV was also up an impressive 19 percent to $106,250.
Meanwhile, Chevrolet saw an ATP increase of 16 percent, coming in at $47,525. The latest mid-engine Chevy Corvette C8 Stingray was the most expensive model on offer, slotting in at $83,526, an increase of 8 percent. In terms of percentages, the biggest gain for Chevy was the Chevy Express, which was up 18 percent to $46,130. Meanwhile, the Chevy Camaro was up 14 percent to surpass the $40,000 mark, the Chevy Suburban was up 2 percent at $67,502, and the Chevy Silverado was up 6 percent to pass $50,000. The Chevy Tahoe was down 2 percent at $63,105.
As for GMC, the biggest percentage gain was for the GMC Savana, which was up 17 percent at $43,828. The GMC Yukon and GMC Yukon XL were the most-expensive models in the lineup with an ATP of $73,723 and $77,534, respectively, representing an increase of 1 percent and 6 percent, respectively. The popular GMC Sierra pickup had an ATP of $62,108, an increase of 2 percent.
Taking a step back, we find that General Motors had a new-vehicle ATP of $50,392, an uptick of 16 percent overall. Incentives were down 46 percent for an average of $2,994 per vehicle.