Chevy Silverado Average Transaction Price Reached $59,000 In Q4 2022
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Boasting a starting MSRP of $38,145 for the 2023 light duty model, the Chevy Silverado is the Bow Tie brand’s best selling vehicle, with a total of 141,912 units sold in Q4 2022. During the same timeframe, the average transaction price (ATP) for the full-size truck range was just over $59,000.
According to a recent Cox Automotive report, the Silverado’s ATP rose almost nine percent to $59,000 in Q4 2022 as compared to the same timeframe in 2021. This figure is down from Q3 2022 numbers, where the Bow Tie pickup’s ATP stood at $60,455.
Chevy‘s overall Q4 ATP figure saw a roughly three percent year-over-year decline to $48,660 in Q4 2022. The Bow Tie brand sold 408,991 vehicles during the same timeframe, representing a significant 44 percent increase over Q4 2021 numbers.
Sales Results - Q4 2022 - USA - Chevrolet
| MODEL | Q4 2022 / Q4 2021 | Q4 2022 | Q4 2021 | YTD 2022 / YTD 2021 | YTD 2022 | YTD 2021 |
|---|---|---|---|---|---|---|
| BLAZER | -16.79% | 16,631 | 19,986 | -4.38% | 67,246 | 70,325 |
| BOLT EUV | +140,249.44% | 11,242 | 8 | +883.34% | 27,091 | 2,755 |
| BOLT EV | +28,506.70% | 4,866 | 17 | -50.03% | 11,029 | 22,073 |
| CAMARO | -19.59% | 5,475 | 6,809 | +12.60% | 24,652 | 21,893 |
| COLORADO | -3.97% | 20,602 | 21,453 | +22.17% | 89,197 | 73,008 |
| CORVETTE | +10.09% | 9,130 | 8,293 | +4.45% | 34,510 | 33,041 |
| EQUINOX | +242.98% | 48,748 | 14,213 | +28.28% | 212,072 | 165,323 |
| EXPRESS | +110.66% | 16,360 | 7,766 | +19.24% | 52,888 | 44,355 |
| LOW CAB FORWARD | +1.19% | 1,532 | 1,514 | +1.93% | 5,764 | 5,655 |
| MALIBU | +393.95% | 35,668 | 7,221 | +193.24% | 115,467 | 39,376 |
| SILVERADO | +23.00% | 141,912 | 115,376 | -1.23% | 523,249 | 529,765 |
| SPARK | +126.17% | 3,284 | 1,452 | -43.95% | 13,710 | 24,459 |
| SUBURBAN | +14.35% | 16,045 | 14,031 | +5.68% | 50,951 | 48,214 |
| TAHOE | +0.78% | 31,123 | 30,882 | -0.26% | 105,756 | 106,030 |
| TRAILBLAZER | +16.56% | 18,956 | 16,263 | -32.47% | 60,888 | 90,161 |
| TRAVERSE | +23.67% | 27,271 | 22,052 | -16.59% | 96,965 | 116,250 |
| TRAX | +267.21% | 4,715 | 1,284 | -37.55% | 26,597 | 42,590 |
| CHEVROLET TOTAL | +43.28% | 413,560 | 288,647 | +5.59% | 1,518,048 | 1,437,677 |
Meanwhile, total GM sales thrived during Q4 2022. In fact, the Detroit-based automaker reclaimed its sales crown from Toyota for the 2022 calendar year after the Japan-based automaker temporarily claimed it in 2021. In regards to Q4 2022 ATP figures, GM posted $52,849 per vehicle. That’s down slightly from Q4 2021 numbers, but still represents a strong showing as compared to pre-COVID years.
As a reminder, the 2023 Chevy Silverado 1500 is available with four engine choices, incliuding the turbocharged 2.7L I4 L3B gasoline engine, the atmospheric 5.3L V8 L84 gasoline engine, the atmospheric 6.2L V8 L87 gasoline engine, and the 3.0L I6 LZ0 turbodiesel Duramax. Models with the L3B are mated to the GM eight-speed automatic transmission, while the L84, L87 and LZ0 are matched with the GM 10-speed automatic transmission.
Meanwhile, the 2023 Chevy Silverado HD is available with two powerplants – the atmospheric 6.6L V8 L8T gasoline engine and the 6.6L V8 L5P turbodiesel Duramax engine. The gasoline engine connects to the GM six-speed automatic transmission, while the diesel engine connects to the Allison-branded GM 10-speed automatic transmission. The upcoming 2024 Silverado HD refresh will bring various changes and updates, including more power and torque for the turbodiesel V8, as well as the standardization of the 10-speed across all models regardless of engines.
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Sickening.
What I found interesting in the sales chart was that Chevrolet sold nearly twice as many Corvettes as Bolt EV in Q4.
The more you pay, THE MORE YOU PAY!!
Would like to know when GM will start .giving allotments to the dealers for the Camaro 2SS models with the 1LE option Have a 2SS 1LE on order now since November Seems like GM is building everything but the 2SS or ZL1 Camaro I am guessing that parts used for those two models are not available to build it The dealers doesn’t have much to tell me when ever I call them. My first Camaro was a 69 Z28 Camaro 38 years ago Sure would like to get my first brand new Camaro
Camaros are the Best!!! Thanks Jim