Chevy Suburban Average Transaction Price Just Below $73K In Q4 2022
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The 2023 Chevy Suburban stands as the third model year of the twelfth generation of Chevy’s longtime, full-size SUV. While its starting price is $58,795 including the destination freight charge, the average transaction price (ATP) of a 2023 Suburban during Q4 2022 was much higher, coming in at just under $70,000.
According to a recent Cox Automotive report, the ATP of a Chevy Suburban rose roughly two-and-a-half percent in Q4 2022 as compared to the same timeframe in 2021, bringing this figure to $72,969. Meanwhile, sales of Suburban also rose 4.4 percent to 16,405 units in Q4 2022. These results are reflected by the Bow Tie brand’s December 2022 ATP figure across all nameplates, which saw a near-negligible 0.5 percent rise to $49,602. Overall, Chevy performed quite well, and sold 408,991 vehicles in Q4 2022, representing a substantial 44 percent increase over Q4 2021.
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 |
As a whole, GM has a strong sales performance in Q4 2022. In fact, the Detroit-based automaker reclaimed its sales crown from Toyota for the 2022 calendar year after the Japanese-based automaker took it in 2021. In regards to Q4 2022 ATP figures, GM posted an average of $52,849 per vehicle, which is down slightly from Q4 2021 numbers. However, this is still a strong showing as compared to pre-COVID years.
As a reminder, the 2023 Chevy Suburban is offered with three engine options choices. These powerplant options include the naturally aspirated 5.3L L84 V8 gasoline engine, rated at 355 horsepower and 383 pound-feet, the naturally aspirated 6.2L L87 V8 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, and the 3.0L LM2 I6 turbodiesel Duramax engine, rated at 277 horsepower and 460 pound-feet of torque. Regardless of engine option, all vehicles are equipped with the GM 10-speed automatic transmission.
Under the skin, the 2023 Suburban rides on the GM T1 platform. Production for the 2023 model year began on July 18th, 2022 at the GM Arlington plant in Texas.
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Serious question. How are people affording this. $73,000 dollars is a lot of money? Throw in interest and taxes, you’re damn near $80,000. I know inflation is out of control right now, but this just doesn’t make sense. I have a feeling repo companies are going to be busy in the next couple of years.
Wow! If people want to spend that kind of money, then go right ahead, keeps us in business. With all the electronic garbage on todays cars I long for the days you could buy a base no frills 4cyl S10 back in the late ’80’s early 90’s for cheap!
Most people want an engine that runs on gas or diesel!
It’s a big mistake to put all of your eggs in the electric basket!
Democrats will not be in control forever!
Rick Cline – Unfortunately they will be staying in power for a long time. They now know how to win elections. The EV bamboozle will continue for awhile I’m afraid.
They do know how to win an election unfortunately😩👎👎.
This is the best product in the GM family. From soccer moms to gangbangers, even presidents, it is the ultimate ride. Body on frame is the only way to go versus unibody crunch beer cans. Steel side panels to protect you from moron drivers. Wiggle room comfort for your back and tokus. Also the diesel engine option is the only way to go versus explosive flammable gasoline. Time proven and made since 1936 you can’t go wrong. Highly recommend. Have owned several.
Chevrolet dealers have bonafide sold Tahoe/Suburban orders that are over 24 months old they are not delivering on.
GM is kicking these “true blue” customers to the curb for the sake of market share..
Pretty pathetic they are not preferencing SOLD orders for these customers as before COVID.
Chevrolet will loose the crown back to Toyota as Toyota plays a long game and GM is always chasing marketshare with a short game. GM has lost focus of their front line customers and dealers for their political gain..
You are correct! Sold orders mean nothing. Makes no sense! The most loyal customers GM has and the most profitable vehicles in the lineup.