mobile-menu-icon
GM Authority

Chevy Tahoe Average Transaction Price Increases 4 Percent In Q4 2023

Standing as the third-most expensive Chevy product behind the C8 Corvette and Chevy Suburban, the Chevy Tahoe is one of General Motors’ more popular and lucrative vehicles currently on sale in the U.S. With that in mind, the average transaction price of the Bow Tie brand’s full-size SUV increased more than four percent over the course of Q4 2023.

According to a report from Cox Automotive, the Chevy Tahoe saw a 4.3-percent average transaction price rise to $72,634. Meanwhile, sales of the full-size SUV fell almost 16 percent to 26,235 units in Q4 2023.

Side profile of Chevy Tahoe.

It’s worth noting that sales of the Bow Tie brand fell 0.5 percent to 406,848 units in Q4 2023, while overall General Motors sales increased just 0.2 percent to 619,684 units.

Interestingly, the average transaction price of the Tahoe has been slowly, but steadily increasing over the course of the 2023 calendar year, up eight percent in Q2 2023 and five percent in Q3 2023.

As a reminder, the Chevy Tahoe is currently available with three powerplant options, 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 the 3.0L I6 LM2 turbodiesel Duramax engine, rated at 277 horsepower and 460 pound-feet of torque.

The GM 10-speed automatic transmission is equipped as standard throughout the lineup, while both 2WD and 4WD are on offer.

In regard to structure, the Tahoe rides on the GM T1 platform, which it shares across GM’s full-size SUV lineup underneath the Chevy Suburban, GMC Yukon, GMC Yukon XL, Cadillac Escalade, and Cadillac Escalade ESV. The 2024 model’s production start officially kicked off in November 2023 at the GM Arlington plant in Texas.

Looking forward, the Tahoe will receive a mid-cycle refresh for the 2025 model year, and will feature an updated exterior, an overhauled interior, and a revised diesel powertrain.

Subscribe to GM Authority for more Chevy Tahoe news, Chevy news, GM business news, and around-the-clock GM news coverage.

[nggallery id=1242]

As a typical Florida Man, Trey is a certified GM nutjob who's obsessed with anything and everything Corvette-related.

Subscribe to GM Authority

For around-the-clock GM news coverage

We'll send you one email per day with the latest GM news. It's totally free.

Comment

  1. in real terms, they sold extra set of floor matts on a high country trim to valeria the housewife in golfcourse shores.

    suburban sales dropped off a cliff at 37% didnt they.. tahoe soon. i said it a while back, trucks dropped cause whoever wanted one bought one. hoe and sub are next in line as the market IS tapped out.

    Reply

Leave a comment

Cancel