2022 Denali Ultimate, what is everyone paying right now

[Polo08816]

I also think the prices will stay high. If they are selling them right now faster than they can be produced what is their incentive to bring the prices back down? Customers aren't just going to disappear if this is the vehicle they really want

The incentive is to produce them faster than they are now because their competitors will start bringing similar products to the market. Once that happens, the party is over.

Right now, GM is really the only game in town for a volume production 1/2 ton based SUV.

Later in 2022 and in 2023, that will change:

1. Ford will ramp up production of their revised Expedition.
2. Toyota will have the Sequioa
3. Jeep will ramp up production of the Wagoneer and Grand Wagoneer which are completely new to the segment.
4. Dodge may have the Durango which will be completely new to the segment


Similarities exist in the 1/2 ton pickup market with the F150. Now the new Tundra is being delivered and GM is about to start producing the updated Silverado and Sierra. There are a few forum dealers that will let you order an F150 3-5% below invoice pricing.

By mid 2023, we're going to be well on our way back to the old days.

 

[Savage Pancake]

In a world where buyers flush with cash exceed units available there are no rules.

Meh. If you can wait, keep increasing that cash hoard until the recession hits in 2022. By then, the discounts will be a plenty, and you won’t feel like a fool paying for vehicle that has been decontented.

 

[Tinbadtin]

Meh. If you can wait, keep increasing that cash hoard until the recession hits in 2022. By then, the discounts will be a plenty, and you won’t feel like a fool paying for vehicle that has been decontented.

The only issue is we don’t know if it will happen in 2022, 2023 or 2030 and given current inflation levels hoarding cash (outside of a 6-12 mo emergency fund) doesn’t seem the smart thing to do.

 

[Shunto]

I am (willingly) one of those suckers, bought mine in Renton. Ours was listed online for msrp but was told by the salesguy that's not the real price so I would not believe any number you see online as the final price. The big dealers around Seattle don't think there are suckers willing to pay over msrp, they KNOW the suckers are plentiful. There was a denali and an escalade also being picked up by happy new owners while I was there. Was chatting with the salesguy for about an hour before taking delivery and he said they're getting $140K for an escalade and they can't get em fast enough to supply the demand

I'd get a 911 for that kinda money.

 

[R32driver]

I'd get a 911 for that kinda money.

would be tricky to haul the kids to soccer practice in a 911

 

[Stbentoak]

By mid 2023, we're going to be well on our way back to the old days.

Well, that remains to be seen... But if you need a vehicle in the 0–6-month range, (Which most people lurking on this forum do...) mid 2023 is light years away. Plus, MSRP's will increase with Inflation every chance they get. SO, a 2023 could easily be a +5K sticker by then...

 

[vcode]

Well, that remains to be seen... But if you need a vehicle in the 0–6-month range, (Which most people lurking on this forum do...) mid 2023 is light years away. Plus, MSRP's will increase with Inflation every chance they get. SO, a 2023 could easily be a +5K sticker by then...

I doubt that most people on this forum "need" a vehicle that bad. I see a lot of them trading in trucks 1-3 years old, some after only 6 months. Mine almost 12 years old, and while I may like a newer truck, I don't really need one.

 

[Stbentoak]

The only reason these people are trading so soon is the HIGHLY increased value of their present vehicle. If some one offered you more than you paid new after driving it for 2 years, wouldn’t you seriously consider it too?

 

[Savage Pancake]

The only issue is we don’t know if it will happen in 2022, 2023 or 2030 and given current inflation levels hoarding cash (outside of a 6-12 mo emergency fund) doesn’t seem the smart thing to do.

Agree, can’t time the market but given everything going on, it’s nigh.

 

[Polo08816]

Well, that remains to be seen... But if you need a vehicle in the 0–6-month range, (Which most people lurking on this forum do...) mid 2023 is light years away. Plus, MSRP's will increase with Inflation every chance they get. SO, a 2023 could easily be a +5K sticker by then...

With the way the market is going, I may end up ordering a 1/2 ton pickup and push off the full size SUV purchase until 2024+ to replace our midsize SUV. You can order a new F150 at 3-5% below invoice pricing not including any additional Ford incentives at the moment. That's probably because Ford knows the Toyota just started Tundra deliveries and GM is about to start delivering updated 2022 1/2 ton pickups in March 2022. They want to capture market share before their competitors get that opportunity.

GM will be in a similar position as Ford for the full size SUV market in about 6 months. The full size SUV market is going to be even more of a buyer's market once the market settles back down because it is actually experiencing the introduction of brand new models from multiple makes instead of just updates and revisions like the 1/2 ton pickup market.

I doubt that most people on this forum "need" a vehicle that bad. I see a lot of them trading in trucks 1-3 years old, some after only 6 months. Mine almost 12 years old, and while I may like a newer truck, I don't really need one.

The only reason these people are trading so soon is the HIGHLY increased value of their present vehicle. If some one offered you more than you paid new after driving it for 2 years, wouldn’t you seriously consider it too?

I agree. It's not a "need". It's a nice to have. But I'm not going to voluntarily get owned on a matter of principle so I'll wait it out.

 

[David W]

I paid $5k over and still love the rig, most lots in houston didn’t have inventory or the ones they did have were without adaptive cruise or wireless charging etc. I got my Denali fully loaded with everything but start and stop. Such is life.

 

[R32driver]

I doubt that most people on this forum "need" a vehicle that bad. I see a lot of them trading in trucks 1-3 years old, some after only 6 months. Mine almost 12 years old, and while I may like a newer truck, I don't really need one.

That's exactly how I see it. These are not need vehicles these are want vehicles. Our 2011 suburban was a fantastic rig with no real issues ever but after nearly a decade of ownership we wanted something different. Nobody actually needs a $80k or more suv, there's plenty of them a couple years old with low miles for half the price that are perfectly fine for daily duties. You get the big money brand new one cause you want one. And for sure if you own a vehicle that's only a couple years old you do not NEED a new one but lots of folks love to keep up with the Joneses and a new denali is a great way to do that

 

[Campingfamco]

The only reason these people are trading so soon is the HIGHLY increased value of their present vehicle. If some one offered you more than you paid new after driving it for 2 years, wouldn’t you seriously consider it too?

This right here is why we’re considering trading in our 21 Denali. It’s also why new car prices are staying at MSRP or above. It’s all about the supply and demand, and the ”available right now” drives used car prices up.

Like I’ve talked about in past threads, our 21 Denali is running great with hardly any issues at all and it has every feature, but the prices offered on trades are absolutely crazy.

So in short, when our 3500 Denali finally arrives from chip purgatory we’ll probably trade her in.

It should be noted, the price appears to have dropped about $500-$800 in the last few weeks. That could be because I adjusted my mileage from 21,000 to 23,000.

 

[Superpop]

In my experience these trade in values are a bit of a pipe dream. Dealers tend to offer 5-6k below what the Edmunds and KBB trade in value list in my area. Course in the State of WA you have a sales tax credit for the trade in and they try to leverage that to their advantage. I hate dealing with car dealers.

 

[GoHeels]

I'm just outside of Charlotte, NC and there are a couple of dealers around that are offering very strong prices for used cars. I put a vehicle up on FB marketplace and got bombarded by dealerships and some of them were really strong offers. The ones I spoke to about trading it in on a new vehicle were at the low-end of the trade and definitely trying to take advantage of the tax advantage that is offered here as well.

 

[vcode]

While trade-in values are a great deal for those with a newer truck, the $15K mine is worth won't even cover the additional dealer mark-up some places are asking. I should have bought a new truck in early 2020 and saved $15K....

 

[vcode]

So I have to ask........Those of you trading in almost new, low mileage trucks, how much are you actually spending to move into a new one? I can't imagine you can just walk into a dealer and trade your 1 or 2 year old truck and not pay a penny for a new one. What would be the point if the dealer can't make at least $10K? $10K BTW, which was a fair amount of money when the average cost of a vehicle was only $30K.

Just read that some expect used car prices to tank late next year......

 

[Campingfamco]

So I have to ask........Those of you trading in almost new, low mileage trucks, how much are you actually spending to move into a new one? I can't imagine you can just walk into a dealer and trade your 1 or 2 year old truck and not pay a penny for a new one. What would be the point if the dealer can't make at least $10K? $10K BTW, which was a fair amount of money when the average cost of a vehicle was only $30K.

Just read that some expect used car prices to tank late next year......

Supplier pricing.

 

[vcode]

Supplier pricing.

I suppose. Dealers around here just laugh when you ask about that. They get the whole sales department to laugh if you mention employee pricing.....

 

[Quark]

I just got a call from a local dealer asking if I wanted to place an order. Parts suppliers are the ones holding up production when that log jam breaks we should be flush with new vehicles but at higher prices. This as with most things is temporary.