Chevy Silverado Average Transaction Price Climbed 9.4 Percent In Q2 20225
The average transaction price for a Chevy Silverado climbed nearly 10 percent year-over-year in Q2 amid sustained demand for full-size trucks.
The average amount paid for a Chevy Silverado rose 9.4 percent to $57,448 in the three months from April until the end of June, according to Cox Automotive, which was the highest year-over-year price increase of any Chevy nameplate.
While Silverado sales fell 13 percent to 140,720 units in the second fiscal quarter of the year, the high ATPs are a sign that customers continue to show a willingness to pay top-dollar for certain full-size pickup truck models.
GM’s best profit generators all showed big boosts in average transaction prices in Q2, Cox Automotive says, with ATPs for the Chevy Silverado and Silverado HD, as well as the GMC Sierra and Yukon and Cadillac Escalade, all rising significantly. Chevy only had four models with ATPs under $30,000 in Q2 2022, including the Malibu at $29,175, the Spark at $17,836, the Trailblazer at $28,076 and the Trax at $25,481.
Production of the 2023 Chevy Silverado 1500 in the Regular Cab and Crew Cab will begin on August 29th, 2022, while production of Double Cab models is set to begin one week later on September 6th. The Chevy Silverado is produced at the GM Fort Wayne plant in Indiana, GM Silao plant in Mexico and the GM Oshawa plant in Ontario. Production of the Chevy Silverado HD, meanwhile, takes place at the GM Flint plant in Michigan, as well as at the Oshawa plant.
The 2023 Chevy Silverado 1500 introduces the new 3.0L I6 LZ0 turbodiesel Duramax engine, which offers refinement and efficiency improvements over the LM2. The 2023 Chevy Silverado 1500 also deletes two exterior paint options from the list, including Cherry Red Tintcoat and Silver Ice Metallic, with three new hues arriving as replacements.
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So they will start building 2023’s even though there are still 75,000 2022’s sitting unfinished in the parking lot? Can they finish the 23’s or do they get stored too?
I’m waiting for the improved 3.0 Baby Duramax, what’s its status?
A substantial part of the increase can be attributed to the 3 base price increases the Silverado has had since the mid-cycle refresh was released. The Short Crew 2FL went from 48,100 base, to 49,400, and finally to 50,200 between February and May of 2022. That is $2100 in 3 months. Now if you pick up the previous gen 2022 Silverado Short Crew 2FL the base price was 45300. Now we are talking about $4900 in price increases over 6-7 months
$4900 In Price Increases. Now If And When They Offer Incentives Of $5000 We All Will Be So HAPPPPPPPY!
LOL, how many sales, 5???