NEW YORK — Common Motors is including some choices close to the underside of the value spectrum at a time when shoppers are more and more struggling to afford a brand new car.
Common transaction costs for the Detroit 3, with their mammoth pickups, have soared. GM’s common transaction value was $51,808 within the first quarter, up 2.3 p.c from a 12 months earlier, in line with TrueCar. Ford Motor Co., at $54,065, and Stellantis, at $55,093, have been even larger.
Coming in properly beneath GM’s common value would be the redesigned Chevrolet Trax, a nameplate that was discontinued in 2022 however is returning this spring as a 2024 mannequin.
“We’re simply in throes of launching the brand new Chevrolet Trax and increasing our Trailblazer lineup,” GM North America President Steve Carlisle stated Tuesday on the Automotive Discussion board in New York. “Each value level on that Trax is underneath $30,000.”
Pricing for the newest Trax will begin at $21,495, together with transport, whereas two prime trims every begin at $24,995.