General Motors will increase the sticker prices of the next-generation Chevrolet Suburban and Tahoe by $1,000 to $3,000 when they become available in the spring. This means that the 2015 Tahoe will have a starting price of $45,595 (+$1,000), including the destination fee, according to order guides sent to dealers.
The four-wheel-drive Tahoe with LT trim carries a sticker price of $53,995, up $2,510. The 4wd 2015 Tahoe LTZ model has a base price of $62,995, $2,640 higher than the 2014 model. On the other hand, the starting price on the 2015 Suburban will be $48,295(+$1,000). The starting price for the 4wd LT jumps will be $56,995 (+$3,440) while the LTZ model with 4wd will cost $65,595 before options (+$3,300). All prices include destination fees.
A GM spokeswoman has confirmed that they have sent order guides to dealers, but said the carmaker wasn’t ready to disclose pricing. She remarked that the large SUVs will arrive in showrooms in the first quarter of 2014. They will be powered by a new 5.3-liter V-8 engine that provides up to 353 hp of output and 383 pounds-feet of torque, up from 320 hp and 335 lbs/ft from the outgoing 5.3-liter V-8.
The 2015 models also represent the first major redesign for the brand’s big SUVs in eight years. Despite that, GM has been able to command strong prices for the big SUVs. Kelly Blue Book estimated the Suburban’s average transaction price in mid-2013 at around $54,000. GM executives expect the improvements to the 2015 models to help the carmaker defend its position in the market for big body-on-frame SUVs.
GM controls 44 percent of the large SUV segment after selling 390,233 units in the first 11 months of 2013, according to the Automotive News Data Center. GM estimates its share at around 74 percent, with the difference coming from the data center’s inclusion of the Jeep Grand Cherokee in the segment. GM posted a 24-percent rise in sales in the first 11 months of the year to 74,856 units. The carmaker logged an 8-percent rise in the period to 45,440.