Chevrolet saw the average transaction price of new models exceed $ 50,000 in September, according to a new report.
The report is from GM Authority and cites figures from a Kelley Blue Book transaction price analysis. It shows that the average Chevrolet transaction price fell from $ 47,095 to $ 50,451 between August and September, a difference of 7.1%. It is also an even more significant increase of 23.3% from the same period last year, which was troubled by the onset of the COVID-19 car shortage.
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For comparison, the report says the average car transaction price for September is typically $ 45,031, so see Chevrolet, which isn’t really known to be as high-end as a brand, more than $ 5,000 above that average is somewhat surprising. That being said, some of their bigger vehicles like the Tahoe and Suburban start at around $ 50,000 (and can climb thousands of dollars higher), and all the demand for the relatively expensive Corvette C8 (which was priced at average sale of around $ 90,000 last month) surely helps bolster those numbers.
Still, their average transaction price was only $ 2,865 lower than Lexus, whose average selling price of $ 53,316 positions itself squarely in the luxury market, and we would consider that a feat.