Sales figures over the course Q3 2023 of the Chevy Tahoe and Chevy Suburban dipped seven and 11 percent, respectively, to 27,578 and 12,083 units. Now, the average transaction price (ATP) of the Bow Tie brand’s two popular full-size SUVs has risen during the same time period.
According to a report from Cox Automotive, the ATP of the Tahoe and Suburban during Q3 2023 jumped five and six percent, respectively, to $72,976 and $76,954. In regard to Chevy ATPs across all nameplates, the Bow Tie brand fell one percent to $48,074 over the course of Q3 2023, while sales increased 21 percent to 446,815 units over last year.
Meanwhile, parent company General Motors posted a 21 percent sales increase for a total of 669,199 vehicles sold during Q3 2023, while ATPs rose one percent to $52,117.
As a reminder, the Tahoe and Suburban are available with one of three engine options. The first option is the naturally aspirated 5.3L V8 L84, which produces 355 horsepower and 383 pound-feet of torque, followed by the naturally aspirated 6.2L V8 L87 gasoline engine pushing out 420 horsepower and 460 pound-feet of torque. The final engine option is the 3.0L I6 LM2 turbodiesel Duramax engine, which develops 277 horsepower and 460 pound-feet of torque.
In regard to structure, the two Bow Tie full-size SUVs ride on the GM T1 platform. Production for the upcoming 2024 model year is currently scheduled to kick off in November 2023 at the previously mentioned GM Arlington plant in Texas.