GM’s new all-electric SUV is already in demand. The 2024 Chevy Blazer EV is being marked up by as a lot as $10,000 in some instances.
The 2024 Chevy Blazer EV is starting to look on dealership tons after the primary fashions had been shipped in July.
After formally revealing the electrical Blaze SUV final summer time, GM mentioned it might be obtainable in 4 trims. These included the 1LT, 2LT, RS, and SS fashions, plus an extra legislation enforcement-specific police pursuit automobile (PPV).
The bottom 1LT mannequin has since been dropped, because the 2LT is now the most affordable 2024 Blazer EV variant.
After opening orders for reservation holders final month, we discovered the primary two fashions can be the 2LT AWD and RS AWD, beginning at $56,715 and $60,215, respectively.
Each fashions qualify for the total $7,500 EV tax credit score, which means the bottom 2LT trim could be purchased for below $50,000. Nevertheless, that’s provided that the supplier doesn’t mark it up.
The 2024 Chevy Blazer EV is being marked up at sellers
In response to an evaluation of nationwide stock knowledge from CarsDirect, the 2024 Chevy Blazer EV is being marked up, with some citing excessive demand. One Mukwonago, Wisconsin supplier has a 2024 Chevy Blazer EV RS listed at $70,215, or $10,000 over MSRP.
The supplier claims market changes are based mostly on provide and demand “in addition to the present market state of affairs.”
And this isn’t unusual; a number of sellers have the electrical SUV listed for over $70,000. Dealerships in California and Illinois are additionally providing the 2024 Chevy Blazer EV RS at these costs. A supplier in California with the mannequin listed at $71,161 is proven above.
Electrek’s Take
Is a $10,000 markup on the Blazer EV justified? The electrical SUV continues to be very new to the market. Stock knowledge (from CarsDirect) exhibits round 550 listings within the US in comparison with over 7,600 for the gas-powered 2024 Blazer.
In the meantime, many automakers are shifting in the other way with pricing. Tesla has been slashing costs all 12 months, pressuring others to comply with.
Ford simply launched a brand new incentive on the F-150 Lightning (with as much as $15,00 in financial savings) after gross sales disillusioned within the third quarter.
Hyundai slashed EV lease costs lately on the IONIQ 5 and IONIQ 6, providing among the most cost-effective charges since launching. The transfer got here after Tesla launched its personal lease value cuts final week.
GM has struggled to ramp manufacturing of its Ultium-based fashions just like the Blazer EV. The automaker revealed this week that it’ll push again Silverado EV and GMC Sierra EV manufacturing at its Orion meeting plant in Michigan. The automaker says the transfer is “to raised handle capital funding whereas aligning with evolving EV demand.”
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