WORLD BEST

Car price tracker

Track car prices and stay informed on market trends with our comprehensive car pricing tool. See historical prices and compare models to make an informed decision on your next vehicle purchase. Find the best deal on your dream car today!
< Go back
Chevrolet

Chevrolet - Traverse (2023)

Picture yourself sliding into a roomy, smoothly handling 2023 Chevrolet Traverse, a vehicle that offers a blend of comfort, versatility, and modern technology. Whether you’re curious about the Chevrolet Traverse price, wondering what is a 2023 Chevrolet Traverse worth, or checking out a used Chevrolet Traverse price, this overview gives you a clear snapshot of what to expect, including depreciation trends and how it stacks up against similar SUVs.

### Key Specs for the 2023 Chevrolet Traverse A quick glance at the core specifications helps set the stage for pricing conversations. Take a look at this concise list:

  • Engine: 3.6‑L V6 with 310 hp
  • Transmission: 8‑speed automatic
  • Drivetrain: Front‑wheel‑drive (standard); all‑wheel‑drive optional
  • Fuel Type: Regular gasoline (87 octane)
  • Powertrain Efficiency: EPA rating – 20 mpg city / 27 mpg highway (FWD)
  • Dimensions:
    • Overall length: 202.6 in
    • Wheelbase: 115.6 in
    • Width: 77.1 in (without mirrors)
    • Height: 70.6 in
  • Interior Capacity: 7–8 passenger slots, 10.3 cu ft third‑row (optional drop‑down seats)
  • Cargo Space: 98 cu ft with all seats up; 152 cu ft with third row folded
  • Technology: 8‑in infotainment touchscreen, Apple CarPlay, Android Auto, 13‑in driver display
  • Safety: Chevrolet Safety Package (adaptive cruise, lane‑keep assist, blind‑spot monitoring, active front‑safety assist)
  • Off‑road capability: Optional Trail‑Ready package – body‑mounted cowl boot, 4‑wheel‑drive, off‑road mode

These specs set the baseline for what you’ll see in dealership listings and private sales – both of which influence the overall Chevrolet Traverse price range.

### Depreciation Insight Understanding how quickly a vehicle loses value is crucial when looking for a fair price. The Chevrolet Traverse follows a predictable pattern:

  1. First Year: Like most new SUVs, a 2023 model typically loses 15‑20% of its value immediately upon purchase. Prices tend to settle after the initial depreciation dip.
  2. First Two Years: A moderate drop of about 25‑30% overall, reflecting wear, mileage, and market demand.
  3. Three to Five Years: Depreciation slows, with an average annual decline of 10‑12% each year, so a 2023 Traverse seen at market after two years could still be around 60‑65% of its original MSRP.
  4. Long‑Term Value: Over a 5‑year period, the vehicle tends to retain roughly 60% of its first‑year resale value, making it a relatively stable mid‑size SUV in the used market.

These figures give you a realistic framework for evaluating a used Chevrolet Traverse price and assessing long‑term ownership costs.

### What Is a 2023 Chevrolet Traverse Worth? When you ask “what is a 2023 Chevrolet Traverse worth” you’re likely comparing new listings to used inventory. Consider the following variables:

  • Condition – ISO (Inspector’s Standard on O‐Screen) models with limited mileage usually sit on the higher end of the price spectrum.
  • Trim level – The premier LT or Premier trims with premium leather and advanced tech features attract higher bids than base or touring models.
  • Optional features – All‑wheel‑drive, Trail‑Ready, or premium safety packages can add $1,200–$2,500 to the price.
  • Geographic demand – Areas with high summer travel or family-centric populations often keep prices closer to MSRP.

These factors mean that a used 2023 Traverse in pristine condition could fetch between $35,000 and $40,000 from ready‑to‑drive inventory, while a lower‑spec model or one with higher mileage might sit around $25,000‑$27,000. Remember, actual prices vary by market, prevailing demand, and individual dealer pricing strategies.

### Comparison Context For perspective, let’s see how the Traverse measures against its main competitors: