Prices for popular vehicles like the Chevy Tahoe keep going up. Now the price for the 2022 Chevy Tahoe feels out of this world. General Motors seems to sleep extra fees on its lineup every time we turn around.
How much does the 2022 Chevy Tahoe cost?
You can get started in a 2022 Chevy Tahoe for about $52,000. This price already seems sky-high, but it’s only the Manufacturer’s Suggested Retail Price (MSRP). It’s what the manufacturer recommends selling a vehicle for.
The MSRP doesn’t include the destination fee or dealership markups, but it already got a $1,500 increase. The destination fee is now $1,795, which is up from $1,600. This may seem small, but these extra costs are adding up.
Basically, buying the entry-level Chevy Tahoe with two-wheel drive adds up to about $55,590. In 2020, this model cost about $50,295 after the destination fee. Pricing has gone up three times since then.
Why are Tahoe prices increasing?
The 2022 Chevy Tahoe isn’t the only vehicle that’s going up in price. The Chevy Suburban, GMC Yukon, Cadillac Escalade, Chevy Silverado, and GMC Sierra are also getting similar price hikes.
General Motors shared that the increased rates are related to the ongoing semiconductor chip shortage, other supply chain shortages, and rising inflation. Part of the destination fee is to cover the cost of diesel.
It’s now costing GM more to deliver vehicles and equipment to factories, dealerships, and reservation holders. Passing the extra costs down to consumers should help General Motors remain profitable.
But are the extra fees worth it? The 2022 Chevy Tahoe doesn’t have that many updates. It was recently remodeled for 2021 with an independent rear suspension for a better ride, more space, a new optional 3.0-liter diesel engine, a new interior, and a fresh exterior design.
For 2022, the Tahoe gained standard front and rear parking sensors and lane-keeping assist. A few packages were changed and renamed. Plus, the Google-based voice control system for the 10.2-inch infotainment screen was updated. These updates are mildly exciting, but not $5,000 exciting.
Will the Tahoe keep getting more expensive?
This could be the last price increase for the 2022 Chevy Tahoe, but there’s no way to be certain. We may have to wait for the semiconductor shortage and inflation to ease up before prices return to normal.
Despite the rising costs, consumers haven’t slowed down. Tahoe models are still flying off the lots. Automanufcaterures across the country are still struggling with limited inventory, contributing to higher rates for new and used vehicles.
Official pricing for the 2023 Chevy Tahoe hasn’t been released. But we wouldn’t be surprised if it went up by a few hundred bucks to cover minor updates. The Tahoe could gain a few minor updates.
But the significant changes won’t happen until 2024 when the shoe gains mid-cycle updates. Then we should see a revised face, updated rear end, and a refreshed interior. The tech could be enhanced too.
We could see high-performance variants and special editions arrive before 2024, which will probably be expensive. We will provide the latest updates on pricing, availability, and news until then.