Soldiering on largely unchanged since the 1996 model year, the Chevy Express has remained a constant figure in the Bow Tie brand’s vehicle portfolio for quite some time. However, that’s not to say that pricing figures haven’t changed in the last 30 years, as the average transaction price (ATP) of the Express drastically rose during Q4 2023.
According to a report from Cox Automotive, the Chevy Express saw an 18.3 percent rise in ATP numbers to $54,440. Meanwhile, sales of the work van fell nearly 40 percent to 10,114 units in Q4 2023.
It’s worth noting that sales of the Bow Tie brand fell 0.5 percent to 406,848 in Q4 2023, while overall General Motors sales stood at a 0.2 percent gain to 619,684 units.
As a vehicle marketed as a workhorse, this rise in ATP figures certainly isn’t a welcome sight for consumers. Starting prices of the Chevy Express and GMC Savana have just simply skyrocketed in the past few years, up more than 20 percent from the 2021 model year.
In addition, the Express didn’t feature any discounts in October 2023, November 2023, or December 2023 to encourage sales. However, this was also the case in Q4 2022, so the lack of available incentives doesn’t explain a jump in ATP figures as drastic as 18 percent.
As a reminder, the current Chevy Express is offered with the choice between the standard naturally aspirated 4.3L V6 LV1 gasoline engine, rated at 276 horsepower and 298 pound-feet of torque, or the optional naturally aspirated 6.6L V8 L8T gasoline engine, rated at 401 horsepower and 464 pound-feet of torque. Gearbox options include two GM eight-speed automatic transmissions.
Under the skin, the Express rides on the GMT 610 platform, while production takes place at the GM Wentzville plant in Missouri. Notably, the Chevy Express Cutaway is also produced by Navistar at a separate facility in Ohio.
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Comments
We keep seeing ATPs up and sales down. Because they’re only bilding top-spec trims. Yet MORE gouging. Serves them right if all goes to heck in a handbasket.
Well, there’s not really ‘top-spec’ trims in Express vans….I mean unless you consider a backup camera and cruise control top spec
Cruise control is the drivers confidence package. It’s quite high spec.
Not to hard to figure out when the price continues to rise why people lose interest.
They’re great vans, but I wonder at what point the price increases will result in no sales.
Fortunately for them, Ram and Ford are doing exactly the same thing and all the vans are starting at around $45k
I ordered a 2016 Savanah 12 passenger van for $38,000 which I canceled because they said it would take 7 months to get. The prices are ridiculous now. I ended up buying a used 2015 certified with 8,000 miles for $30,000. Not sure they are worth it now?
I miss the good old days. Hope they come back soon. Is the supply chain still the reason they’re not making them? Come on GM authority find out what’s going on.
Amazing… a Van is more difficult to get delivery on than a new Corvette.
Does anyone know why production of the vans were cut back so much in the second half of last year? It is certainly not because the lots are overflowing with them. Not having them on the lots for people to buy certainly has not helped there sales.
Price should be lower not higher
Why don’t they want to sell 400,000+ vans a year if they were $20k each?
Where is the EV version on this proven platform?
It’s more profitable to spend less per vehicle building them when you can turn around and sell them for much higher margin.
Selling 400,000 vans at almost no profit per vehicle (or likely a loss in that case) would be an expensive mistake.