The 2023 Chevy Suburban arrives as the third model year of the latest twelfth-generation full-size SUV, introducing only a handful of updates and changes compared to the preceding 2022 model year. The twelfth-generation Chevy Suburban was introduced for the 2021 model year. Notably, the 2023 Chevy Suburban just got a pricing update for the month of May, with all trim levels and configurations now more expensive than before.
All 2023 Chevy Suburban models and configurations are now $300 more expensive following the latest price increase. With this latest price increase applied, the least-expensive 2023 Chevy Suburban offered, specifically the LS trim level with rear-wheel drive and the naturally aspirated 5.3L V8 L84 gasoline engine under the hood, is now $59,095. Meanwhile the most-expensive 2023 Chevy Suburban offered, specifically the High Country trim level with four-wheel drive and naturally aspirated 6.2L V8 L87 gasoline engine under the hood, is now $82,295.
Check out the table below for a more thorough breakdown of pricing for the 2023 Chevy Suburban. Note that all prices listed include a destination freight charge (DFC) of $1,895:
| Trim Level | Drivetrain | Powertrain | 2023 MSRP + DFC |
|---|---|---|---|
| LS | 2WD | 5.3L V8 L84 | $59,095 |
| LS | 2WD | Turbo-diesel 3.0L I6 LM2 | $60,090 |
| LS | 4WD | 5.3L V8 L84 | $62,095 |
| LS | 4WD | Turbo-diesel 3.0L I6 LM2 | $63,090 |
| LT | 2WD | 5.3L V8 L84 | $64,595 |
| LT | 2WD | Turbo-diesel 3.0L I6 LM2 | $65,590 |
| LT | 4WD | 5.3L V8 L84 | $67,595 |
| LT | 4WD | Turbo-diesel 3.0L I6 LM2 | $68,590 |
| Z71 | 4WD | 5.3L V8 L84 | $69,195 |
| Z71 | 4WD | 6.2L V8 L87 | $77,800 |
| RST | 2WD | 5.3L V8 L84 | $67,195 |
| RST | 2WD | Turbo-diesel 3.0L I6 LM2 | $68,190 |
| RST | 2WD | 6.2L V8 L87 | $71,015 |
| RST | 4WD | 5.3L V8 L84 | $70,195 |
| RST | 4WD | Turbo-diesel 3.0L I6 LM2 | $71,190 |
| RST | 4WD | 6.2L V8 L87 | $74,015 |
| Premier | 2WD | 5.3L V8 L84 | $72,495 |
| Premier | 2WD | Turbo-diesel 3.0L I6 LM2 | $73,490 |
| Premier | 2WD | 6.2L V8 L87 | $74,990 |
| Premier | 4WD | 5.3L V8 L84 | $75,495 |
| Premier | 4WD | Turbo-diesel 3.0L I6 LM2 | $76,490 |
| Premier | 4WD | 6.2L V8 L87 | $77,990 |
| High Country | 2WD | Turbo-diesel 3.0L I6 LM2 | $77,795 |
| High Country | 2WD | 6.2L V8 L87 | $79,295 |
| High Country | 4WD | Turbo-diesel 3.0L I6 LM2 | $80,795 |
The latest twelfth-generation Chevy Suburban is available with three powertrain options total, including the naturally aspirated 5.3L V8 L84 gasoline engine, rated at 355 horsepower and 383 pound-feet of torque, the naturally aspirated 6.2L V8 L87 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, and finally, the 3.0L I6 LM2 turbodiesel Duramax engine, rated at 277 horsepower and 460 pound-feet of torque. All three engine options connect to the wheels by way of the GM 10-speed automatic transmission, with both rear-wheel drive and four-wheel drive available to put the power to the ground. Under the skin, the 2023 Chevy Suburban rides on the GM T1 platform, while production takes place at the GM Arlington plant in Texas.
Looking ahead, GM is expected to refresh its full-size SUV lineup for the 2024 model year, including the Chevy Suburban.
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Comments
They weren’t affordable before. Now this seals it.
I refer you to the “Mary’s Salary” article…
What happened to the dollar? 60 grand for a base suburban? To use a cliche, that’s 10k more than my house cost in ’78. Certainly not a working man’s hauler anymore. Wonder what the depreciation is?
How many price increases this year? Makin theses things less n less affordable for most folks😩👎
Yes. Let’s put more vehicles on lots that will sit and linger. Just what we all need.
I recently ordered a 2023 Yukon Denali. (I don’t believe that included this May price increase). If the 2023 Yukon’s also receives the price increase, I am assuming the dealer will charge me!
$300 on a 60k – 80k vehicle. If that’s a deal breaker maybe it was out reach for some people anyway. I agree that it’s sad that things just keep getting more and more expensive, but it’s the world we live in now. Have you gone out for dinner lately?
Or to the grocery store!
GM does not need to increase price . They should decrease the price down to half Price . cause I have a 2023 Chevy suburban. With a little over 2700 miles. And now I have to replace the engine. So I don’t know why they wanna put an increase on it when it’s a lemon. They need to scrap them and start over. It’s bad when you pay $99,000 for a vehicle and and I have to replace the engine under 2800 miles
Price increased justified the suburban’s are still very much in demand like crazy dealers are also charging Mark-ups. GM knows this and will profit off it .
GM reported an increase in the number sold and the average price per unit. People are still googling these up and the going price. It’s all the market will bear. One day sales may hit a wall if enough people are upside on their car loans, but we’ll see.