Chevy’s New SUVs Will Bear a Bigger Price Tag
It seems that vast amounts of passenger space and cargo room is going for a premium these days, as it’s been recently reported that General Motors (NYSE:GM) is hiking the prices on its 2015 Chevrolet Suburban and Tahoe models by $1,000 to $3,000, once the vehicles hit showrooms in the coming spring.
The base 2015 Tahoe will start at $45,595, including the destination fee, up $1,000 from the 2014 model, as indicated by dealership order guides obtained by Automotive News. That will turn into a $2,510 premium for the four-wheel-drive Tahoe equipped with the LT trim, which will now start at $53,995. Before options, the new Tahoe will run $62,995 for a four-wheel drive LTZ model, which weighs $2,640 more than the 2014 model.
Body-on-frame style SUVs — like the Tahoe and the Suburban — have seen their space shrink of the last few years, but the segment still remains a crucial one for automakers’ bottom lines. Big SUVs and pickup trucks are among the most powerful profitable vehicles, thanks to comfy margins.