Why Denali is so overpriced?

[OnTheReel]

What’s the cost difference between an SLT vs Denali on the 8-10 year notes people like to get? Not enough to worry about.

 

For a lot of people, what they can afford has nothing to do with what they buy anyway. Must be more to it...

[L87Powered]

Denali holds it's value more than others. When I bought my '20 I traded in my '16 Denali it was in good shape and had 65k mi. I was able to get MUCH more for it than even I expected. When asked what I wanted for it I gave a ridiculous amount. Long and short of it, they gave me what I wanted. I tracked it to see how long it took the dealership to sell it...4 days!  People want these trucks. Demand. Plain and simple.

[econometrics]

3 minutes ago, L87Powered said:

Denali holds it's value more than others. 

That's not true. Most of the time, the top-level trims do NOT hold their value as well as the well-appointed mid-level trucks (which receive stronger rebates). 

 

Unless you get a good deal with good rebates on a brand new Denali or HC, you're not going to do better than someone buying an LT/LTZ or SLT at the right time of year when you trade it in/sell it. 

 

 

[204Denali]

4 hours ago, econometrics said:

That's not true. Most of the time, the top-level trims do NOT hold their value as well as the well-appointed mid-level trucks (which receive stronger rebates). 

 

Unless you get a good deal with good rebates on a brand new Denali or HC, you're not going to do better than someone buying an LT/LTZ or SLT at the right time of year when you trade it in/sell it. 

 

 

That is most likely dependent on location, around here, Denali will go for much more than lower models.  Denali will pull in substantially more on trade-in value.  Probably regional differences.

[Dunn]

answer is demand and profit......thats why they exist

 

have highest profit margins and are cheapest to to build in relation to what they sell for

 

 

 

Edited August 26, 2020 by Dunn

[Wintersun]

Automakers want to make as much profit as possible with every car or truck that they sell. For many years the GM Cadilac and GM Buick cars were identical under the hood and used the same engine and transmission and drivetrain and frame, etc. but people paid a hefty premium for the status of having a Cadillac.  Anyone who thinks that there are anything other than dash and grill styling differences between the GM adn Chevy brand trucks is going to pay the premium and make a salesperson very happy. 

 

My neighbor paid more for his gas powered Denalli 2500 truck than I did for my Chevy diesel powered pickup that I bought a two months later. When I learned how much he paid for his truck I did not have the heart to tell him what I paid for mine. 

 

A while back Honda was selling its Accord sedans for a good deal more than its Civic sedans and they were nearly identical except that the Accord had a higher compression version of the Toyota engine that produced an additional 5 horsepower, though it also required premium gas unlike the Civic that used 87 octane regular gas.

 

Buying a car or truck for personal use is a decision that is made partly on logic and partly on emotion. How much emotion plays into the decision process depends on the individual.

 

 

Edited August 28, 2020 by Wintersun

[s219]

Comparably equipped, there was only $3K difference between SLT and Denali when I shopped.  For the extra $3K the Denali includes some features you can only get with added packages on the SLT (like X31) and some features you cannot get on the SLT (adaptive suspension, power running boards, etc).  Many of these differences are subtle and many customers probably don't realize it.  I suspect if you were able to put a proper value on all of this, it would account for most of that $3K difference.  The rest probably goes to the chrome, etc.

 

Personally, I like the look of SLT over Denali.  But I could not find an SLT equipped with the features I wanted.  Denalis included all of those features, and more.  So I bought a Denali.  I have to say, the adaptive suspension is a huge improvement over the stock suspension.  I like the power running boards (do not like having fixed running boards hanging down all the time).  The rest of it I could take or leave.

 

If you can find a Denali without the Ultimate package, compare the pricing and features to an SLT.  That is probably the closest in terms of a match, and may be the easiest way to compare the two.

[mdreynolds]

On 8/20/2020 at 11:41 AM, sethro274 said:

Depends on what packages it has. It could be a stripped AT4.


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The 49K is one with the Premium Pkg, $3000 and upgraded tires $495, The one I purchased for 52K included the Premium Pkg, $3000, 6.2 V8, $2495 and 20" wheels, $895.

 

Premium Package =

-Front and Rear Park assist

-Lane Change Alert

-Side Blind Zone Alert

-Wireless Charging

-Black Running Boards

-Bose Sound System

-Premium Infotainment with Nav

-Power Sliding rear Window

-Universal Home Remote

[KARNUT]

When I bought my 2014 GMC I was there to buy a 13 Denali leftover. They had 13 left. The Texas Edition I bought was minus leather, Bose, an a few other extras I wasn’t really interested in. I was still on the fence over engine choice. Being my last new truck I wanted the big engine. Then I noticed what the E-85 option did for the engine HP. In the end the 20K difference didn’t justify 25 HP net. It always pays to shop around and read up on packages GM offers. Of course there’s always people who buy labels.

 

 

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