Chevrolet Inventory Update: Here’s Your Best Chance At a Deal

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Last updated Oct 13, 2023

The Chevrolet inventory landscape is undergoing a shift. Currently, there’s a varied supply of new Chevrolet vehicles across the U.S., but some models, like the Silverado 1500, Blazer, and Equinox, offer opportunities for negotiation and deals. But where does Chevrolet stand compared to its peers, and more critically, which Chevy models are most ripe for negotiation? As we steer through the current state of the market, we’ll take a look at where Chevrolet fits within the broader industry, and spotlight models that present the best opportunities for a deal. 

The Big Picture: Chevrolet’s Competition

Here’s how Chevrolet’s competition compares this month. It’s clear that new car inventory is rising across the board. 

MakeInventory % Increase (3 Months)Market Day Supply - December 2023Market Day Supply - September 2023
Honda+68%4728
Kia+89%5328
Toyota+37%4130
Hyundai+50%7550
Chevrolet+63%8854
Nissan+58%11271
Volkswagen+52%9663
Ford+43%12789
Jeep+31%191146

Chevrolet is in the middle of the pack when it comes to inventory. Ford, Volkswagen, Nissan, and Stellantis’ Jeep have an oversupply.

American automakers have high inventory right now. Is that because they’re hot sellers? Not exactly. In recent years, Asian automakers like Toyota, Honda, Hyundai, Kia, and Mazda have all taken larger chunks of market share in the United States. These brands rely less on large SUVs and trucks, and more on crossover SUVs that prove popular. 

How did the likes of Hyundai, Kia, and Mazda end up so competitive? In comparison to the imported cars of year’s past, today’s models offer improved reliability, better looks, and in most cases, improved reliability. These improvements from Chevy’s competition have given car buyers more reasons to cross shop.

The Most Negotiable Chevrolet Models

2024 Silverado deals and inventory

For buyers aiming to save money on a new Chevrolet, it’s smart to harness the power of car market data. Let’s take a look at today’s inventory numbers across the Chevrolet model lineup.

Using the tools available through CarEdge Data, we analyzed Chevrolet inventory for every model on sale in America. These numbers reflect nationwide supply. You can check out local Chevrolet inventory using CarEdge Data.

MakeModelStarting MSRPMarket Day SupplyTotal For SaleNegotiability
ChevroletMalibu$25,000474,615Average
ChevroletBolt EV$26,500531,204Average
ChevroletTraverse$34,5205414,893Average
ChevroletBolt EUV$27,800554,218Average
ChevroletCamaro$30,900764,744Average
ChevroletEquinox$26,6008537,708High
ChevroletBlazer$35,1009712,984High
ChevroletSilverado 1500$36,30010777,118High

The higher the inventory, the more negotiable a new car will be. Remember, these figures are for nationwide inventory. For local Chevrolet inventory numbers, try CarEdge Data.

The most negotiable Chevrolet models right now are the Silverado 1500, Blazer, and Equinox. With 107 days of supply, the Silverado 1500 is ripe for negotiating. Trucks across the market are slow-selling as buyers step away from expensive trucks during this extended period of high interest rates. Ram trucks have the highest inventory and most negotiability, with Ford faring slightly better.

For shoppers looking for a deal on an affordable SUV, the Chevrolet Equinox and Blazer are two great options for well under $40,000. In today’s market with average selling prices north of $48,000, that’s not a bad deal. Just be sure to avoid these dealer fees.

The Bolt EV and EUV have average inventory and negotiability. Surprisingly, these two electric models are in higher demand than most electric competitors, such as the Ford Mustang Mach-E and Hyundai IONIQ 5. It looks like the market for $50,000+ EVs has dried up, but there remains demand for more affordable electric vehicles.

Ready to negotiate a great deal on a Chevy? We can help you save thousands. From 1:1 help to free guides, we’ve got resources for every buyer. Our goal is to simplify car buying while saving you money.

The Least Negotiable Chevrolet Models

2024 Chevrolet Trax deals and prices

New car models with less than 40 days of supply are generally less negotiable. There’s never any reason to justify paying dealer markups, but scoring a deal under MSRP is always tougher for these models.

These are the Chevrolet models with the lowest supply this month:

MakeModelStarting MSRPMarket Day SupplyTotal For SaleNegotiability
ChevroletColorado$29,200224,442Low
ChevroletCorvette$66,300302,017Low
ChevroletTrax$20,4003212,939Low
ChevroletTahoe$54,200337,724Low
ChevroletSuburban$57,200363,107Low
ChevroletTrailblazer$23,1003910,775Low

Chevrolet’s most affordable truck, the Colorado, has the least supply right now. The Corvette, always a low-volume model, is typically on this list. The most notable model is the Chevrolet Trax. The Trax just received a major facelift, and is proving to be tremendously popular among budget car shoppers.

Why don’t automakers just make more affordable cars? Sadly, it’s all about profit margins. Manufacturers like General Motors make a lot more money per vehicle selling high-end trucks and SUVs than $30,000 models. To make matters worse, the car market volatility during and after the pandemic showed them that buyers will pay more for cars.

What can we do about it? For starters, never pay junk fees, forced add-ons, or additional dealer markups. Need assistance negotiating your car deal? Let us help!

Leverage Market Data to Save More

Will car prices drop in 2024?

While Chevrolet’s inventory varies across models, there’s a clear indication that deals are out there, especially for those who know where to look. Regardless of the popularity or scarcity of a particular model, buyers should never settle for unnecessary dealer markups, inflated add-ons, or costly warranties.

Should car buyers wait for 2024 to score a better deal? Don’t expect prices to drop substantially next year. If you’re thinking about waiting to buy, check out our 2024 car buying forecast.

Ready to master the art of negotiation? Equip yourself with the CarEdge advantage! With these invaluable resources, you can transform your car buying journey, gaining insights into market fluctuations, crafting a solid negotiation strategy, and clinching the best Chevrolet deal in town. Our mission is to guide you every step of the way.

Learn more about CarEdge Coach, CarEdge Data, and a member favorite, CarEdge Consults. We’re here to help!

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