![1GNSKNKD6MR130373-2021-chevrolet-tahoe-0](https://i5.badvin.org/6455f20c0f52c46539b6a878/1GNSKNKD6MR130373-2021-chevrolet-tahoe-0-8a6b87.jpg)
BADVIN vehicle history report for
2021 CHEVROLET TAHOEVIN: 1GNSKNKD6MR130373
Get FULL ACCESS to the vehicle history report and see all blurred info.
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Historical Records
events
![](/img/stickers/chrysler.jpg)
Window Sticker
PDF found
Photos
44 images
Sales History
4 records
Sale Prices
4 records
Market report
Price analytics
Historical Records
Historical records may include service and maintenance records, title status (clean, junk, salvage), insurance records, number of owners, registration events and states, and other information.
You can find more information about historical records in BADVIN reports and see more examples here.
Available historical records for VIN 1GNSKNKD6MR130373
Latest reported mileage: 260 mi
Below you can see some examples of what these records could look like.
2023-12-02
7 months ago
68,327 mi
Damage reported: very minor damage
Damage to rear
Damage to rear
2021-11-27
3 years ago
23,710 mi
Accident reported: minor damage with another motor vehicle
Damage to rear
Damage to rear
2020-01-18
4 years ago
33,058 mi
TOTAL LOSS VEHICLE
Collision damage reported
Collision damage reported
Window Sticker
A PDF of a window sticker is available for VIN 1GNSKNKD6MR130373.
Also called Monroney label, it's a label required in the United States to be displayed in all new automobiles.
It may include certain official information about the car such as:
- Manufacturer's Suggested Retail Price (MSRP)
- Engine and Transmission Specifications
- Equipment, Packages, and Extra Features
- Fuel Economy Rating
- Other Information
Read more about window stickers and see some examples here.
![](/img/stickers/chrysler.jpg)
Year | 2021 |
ODO | 2688 mi |
Seller | Hidden text (Hidden text) |
MSRP | $6056 |
Location | Hopkins, MN, 55343 |
Date | appeared a year ago latest price $8046 sale post disappeared 2023-07-17 |
Price History | |
Sale Website Type | classifieds |
Notes | |
Hidden text |
sale information provided by user #429531
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-0](https://i5.badvin.org/64b9bced81f5bc301756bba2/1GNSKNKD6MR130373-2021-chevrolet-tahoe-0.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-1](https://i5.badvin.org/64b9bced81f5bc301756bba5/1GNSKNKD6MR130373-2021-chevrolet-tahoe-1.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-2](https://i5.badvin.org/64b9bced81f5bc301756bba8/1GNSKNKD6MR130373-2021-chevrolet-tahoe-2.jpg)
All photos above are REAL and display ACTUAL car. After you get the report you will see full resolution photos.
Tech Specs
Body Style | SUV |
Color | Black |
Color (Interior) | Jet Black |
Transmission | 10-Speed Automatic |
Engine | 5.3L V8 16V GDI OHV |
Drive | Four-wheel Drive |
Fuel Type | Gasoline |
Standard Features
All these features are based on a model in general. This specific vehicle may differ.
- 7142
- ABS And Driveline Traction Control
- Hidden text
- Bluetooth Wireless Phone Connectivity
- Hidden text
- Coil front spring
- Hidden text
- Door pockets: Driver, passenger and rear
- Hidden text
- Floor mats: Carpet front and rear
- Hidden text
- Fuel Consumption: City: 16 mpg
- Hidden text
- Independent rear suspension
- Hidden text
- Lpo Black Bowtie Emblems Front And Rear (Dealer-Installed)
- Hidden text
- Overall Length : 210.7 "
- Hidden text
- Proximity remote trunk release
- Hidden text
- Rear air conditioning with separate controls
- Hidden text
- Right rear passenger door type: Conventional
- Hidden text
- Spare Tire Mount Location: Underbody w/crankdown
- Hidden text
- Tilt and telescopic steering wheel
- Hidden text
- Trip Computer
- Hidden text
- 3rd Row Leg Room: 34.9"
- Hidden text
- Automatic front air conditioning
- Hidden text
- Center Console: Full with covered storage
- Hidden text
- Cupholders: Front and rear
- Hidden text
- Dusk sensing headlights
- Hidden text
- Front ventilated disc brakes
- Hidden text
- Heated driver mirror
- Hidden text
- Leather seat upholstery
- Hidden text
- Mirrors Outside Heated Power-Adjustable Power-Folding Driver-Side Auto-Dimmi...
- Hidden text
- Power remote driver mirror adjustment
- Hidden text
- Rear Leg Room: 42.0"
- Hidden text
- Regular front stabilizer bar
- Hidden text
- Side airbag
- Hidden text
- Steering wheel heated automatic
- Hidden text
- Total Number of Speakers: 9
- Hidden text
- Wheel Diameter: 18
- 7366
- 4-wheel ABS Brakes
- Hidden text
- Auxilliary engine cooler
- Hidden text
- Chrome Grille
- Hidden text
- Daytime Running Lights
- Hidden text
- Engine Immobilizer
- Hidden text
- Front and rear suspension stabilizer bars
- Hidden text
- Hitch Guidance With Hitch View With Image Adjustment Pan/Zoom
- Hidden text
- Left rear passenger door type: Conventional
- Hidden text
- OnStar and Chevrolet connected services capable
- Hidden text
- Power Windows
- Hidden text
- Rear Shoulder Room: 64.8"
- Hidden text
- Remote activated exterior entry lights
- Hidden text
- SiriusXM with 360L AM/FM/Satellite Radio
- Hidden text
- Suspension class: Regular
- Hidden text
- Trailer Hitch
- Hidden text
- Wheelbase: 120.9"
- 3829
- 60-40 Third Row Seat
- Hidden text
- Auxilliary transmission cooler
- Hidden text
- Clock: In-radio display
- Hidden text
- Diameter of tires: 18.0"
- Hidden text
- External temperature display
- Hidden text
- Fuel Capacity: 24.0 gal.
- Hidden text
- Independent front suspension classification
- Hidden text
- License plate front mounting package
- Hidden text
- One 12V DC power outlet
- Hidden text
- Privacy glass: Deep
- Hidden text
- Rear Stabilizer Bar: Regular
- Hidden text
- Remote power door locks
- Hidden text
- SiriusXM with 360L Satellite Radio
- Hidden text
- Tachometer
- Hidden text
- Transmission hill holder
- Hidden text
- Wheels 20 X 9 (50.8 Cm X 22.9 Cm) Painted Aluminum With Machine Face And Arg...
- 9243
- 3rd Row Shoulder Room : 62.7 "
- Hidden text
- Automatic locking hubs
- Hidden text
- Chevrolet Infotainment 3
- Hidden text
- Curb weight: 5,661 lbs.
- Hidden text
- Electrochromatic rearview mirror
- Hidden text
- Front and rear reading lights
- Hidden text
- Heated passenger mirror
- Hidden text
- Leather/metal-look steering wheel trim
- Hidden text
- Multi-Link Rear Suspension
- Hidden text
- Power remote passenger mirror adjustment
- Hidden text
- Rear Pedestrian Alert
- Hidden text
- Remote Engine Start : Remote start
- Hidden text
- Silver aluminum rims
- Hidden text
- Surround Audio
- Hidden text
- Trailer Brake Controller Integrated
- Hidden text
- Wheel Width: 8.5
Year | 2021 |
ODO | 9135 mi |
Condition | Hidden text |
Seller | Hidden text |
Location | Hopkins, MN, 55343 |
Date | appeared a year ago latest price $2160 |
Sale Website Type | classifieds |
Notes | |
Hidden text |
sale information provided by user #773211
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-0](https://i5.badvin.org/64bb1d2977773c65d5d6e2f8/1GNSKNKD6MR130373-2021-chevrolet-tahoe-0.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-1](https://i5.badvin.org/64bb1d2977773c65d5d6e2ff/1GNSKNKD6MR130373-2021-chevrolet-tahoe-1.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-2](https://i5.badvin.org/64bb1d2977773c65d5d6e305/1GNSKNKD6MR130373-2021-chevrolet-tahoe-2.jpg)
All photos above are REAL and display ACTUAL car. After you get the report you will see full resolution photos.
Tech Specs
Body Style | SUV |
Color | Black |
Color (Interior) | Black |
Transmission | Automatic |
Engine | 5.3 L |
Cylinders | 8 Cyl |
Drive | 4WD |
Fuel Type | Gasoline |
Extra Features
- Driver Alert Package
- Hidden text
- Leather Seats
- Hidden text
- Max Trailering Package
- Hidden text
- Remote Start
- Hidden text
- Signature Package
- Hidden text
Standard Features
All these features are based on a model in general. This specific vehicle may differ.
- 20 Inch Wheels
- 6357
- 2nd Row Heated Seats
- 2806
- 2nd Row Split/Folding Seats
- 2415
- 3rd Row Split/Folding Seats
- 3740
- 7-Passenger Seating
- Hidden text
- Adjustable Steering Wheel
- Hidden text
- Advanced Trailering System
- Hidden text
- All-Season Tires
- Hidden text
- Android Auto
- Hidden text
- Anti-Theft System
- Hidden text
- Auto-Dimming Mirror
- Hidden text
- Blind Spot Monitor
- Hidden text
- Bucket Seats
- Hidden text
- Chevrolet Infotainment System
- Hidden text
- Chrome Wheels
- Hidden text
- Color Coded Mirrors
- Hidden text
- Cruise Control
- Hidden text
- Driver Adjustable Lumbar
- Hidden text
- Floor Mats
- Hidden text
- Front Airbags (Driver)
- Hidden text
- Front Bucket Seats
- Hidden text
- Front Parking Sensors
- Hidden text
- Full Size Spare Tire
- Hidden text
- Handsfree/Bluetooth Integration
- Hidden text
- Heated Seats
- Hidden text
- Hitch Guidance Camera
- Hidden text
- Infotainment 3 Plus System
- Hidden text
- Keyless Ignition
- Hidden text
- Lane Keeping System
- Hidden text
- Limited Slip Differential
- Hidden text
- Luggage Rack
- Hidden text
- Memorized Settings
- Hidden text
- Pass-Through Rear Seat
- Hidden text
- Passenger Sensing Airbag
- Hidden text
- Power Adjustable Steering Wheel
- Hidden text
- Power Folding Mirrors
- Hidden text
- Power Locks
- Hidden text
- Power Panorama Sunroof
- Hidden text
- Power Steering
- Hidden text
- Power Windows
- Hidden text
- Privacy Glass
- Hidden text
- Rear Air Conditioning
- Hidden text
- Rear Bucket Seats
- Hidden text
- Rear Head Airbags
- Hidden text
- Rear Window Defroster
- Hidden text
- Remote Trunk Release
- Hidden text
- Seat Memory
- Hidden text
- Smart Device Integration
- Hidden text
- Steering Wheel Controls
- Hidden text
- Third Row Seating (Power)
- Hidden text
- Touch-Screen Display
- Hidden text
- Trailer Brake Controller
- Hidden text
- Vanity Mirror/Light
- Hidden text
- Wheel Locks
- Hidden text
Year | 2021 |
ODO | 9388 mi |
Seller | Hidden text (Hidden text) |
MSRP | $3261 |
Location | Hopkins, MN, 55343 |
Date | appeared a year ago latest price $4727 sale post disappeared 2024-03-29 |
Sale Website Type | classifieds |
Notes | |
Hidden text |
sale information provided by user #270546
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-0](https://i5.badvin.org/6455f20c0f52c46539b6a878/1GNSKNKD6MR130373-2021-chevrolet-tahoe-0.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-1](https://i5.badvin.org/6455f20c0f52c46539b6a8a1/1GNSKNKD6MR130373-2021-chevrolet-tahoe-1.jpg)
![1GNSKNKD6MR130373-2021-chevrolet-tahoe-2](https://i5.badvin.org/6455f20c0f52c46539b6a8d5/1GNSKNKD6MR130373-2021-chevrolet-tahoe-2.jpg)
All photos above are REAL and display ACTUAL car. After you get the report you will see full resolution photos.
Tech Specs
Body Style | SUV |
Color | Black |
Color (Interior) | Jet Black |
Transmission | 10-Speed Automatic |
Engine | 5.3L V8 16V GDI OHV |
Drive | Four-wheel Drive |
Fuel Type | Gasoline |
Standard Features
All these features are based on a model in general. This specific vehicle may differ.
- 1899
- ABS And Driveline Traction Control
- Hidden text
- Bluetooth Wireless Phone Connectivity
- Hidden text
- Coil front spring
- Hidden text
- Door pockets: Driver, passenger and rear
- Hidden text
- Floor mats: Carpet front and rear
- Hidden text
- Fuel Consumption: City: 16 mpg
- Hidden text
- Independent rear suspension
- Hidden text
- Lpo Black Bowtie Emblems Front And Rear (Dealer-Installed)
- Hidden text
- Overall Length : 210.7 "
- Hidden text
- Proximity remote trunk release
- Hidden text
- Rear air conditioning with separate controls
- Hidden text
- Right rear passenger door type: Conventional
- Hidden text
- Spare Tire Mount Location: Underbody w/crankdown
- Hidden text
- Tilt and telescopic steering wheel
- Hidden text
- Trip Computer
- Hidden text
- 120v Ac Power Outlet : 2
- 1958
- Audio System Chevrolet Infotainment 3 Plus System 10.2 Diagonal HD Color Tou...
- Hidden text
- Braking Assist
- Hidden text
- Compass
- Hidden text
- Driver And Passenger Heated-Cushion, Driver And Passenger Heated-Seatback
- Hidden text
- Front Head Room: 42.3"
- Hidden text
- Fuel Type: Regular unleaded
- Hidden text
- Interior air filtration
- Hidden text
- Manual Folding Third Row Seat
- Hidden text
- Overall height: 75.9"
- Hidden text
- Rear Axle 3.23 Ratio
- Hidden text
- Rear door type: Power liftgate
- Hidden text
- Seatback storage: 2
- Hidden text
- Speed-proportional electric power steering
- Hidden text
- Tires: Prefix: P
- Hidden text
- Type of tires: AS
- Hidden text
- 3rd Row Head Room: 38.2"
- 6960
- Audio System Premium Brand Speakers: Bose
- Hidden text
- Buildable Order Confirmation
- Hidden text
- Cruise Control
- Hidden text
- Dual front air conditioning zones
- Hidden text
- Front Leg Room: 44.5"
- Hidden text
- HD Surround Vision
- Hidden text
- LT Signature Package Includes (Wpl) Luxury Package Content (Rd4) 20 Painted ...
- Hidden text
- Max cargo capacity: 123 cu.ft.
- Hidden text
- Passenger Airbag
- Hidden text
- Rear Head Room: 38.9"
- Hidden text
- Rear seats center armrest
- Hidden text
- Seats Second Row Bucket Power Release
- Hidden text
- Stability controll with anti-roll
- Hidden text
- Tires: Speed Rating: S
- Hidden text
- Vehicle Emissions: LEV3-ULEV125
- Hidden text
- 1st, 2nd and 3rd row head airbags
- 3971
- AUDIO SYSTEM PREMIUM BRAND : CHEVROLET INFOTAINMENT 3
- Hidden text
- Bucket Front Seats
- Hidden text
- Cooling System Extra Capacity
- Hidden text
- Driver seat memory
- Hidden text
- Front Hip Room: 61.5"
- Hidden text
- Gross vehicle weight: 7,500 lbs.
- Hidden text
- Jet Black Leather Seating Surfaces 1st And 2nd Row
- Hidden text
- Max Trailering Package Includes (Zl6) Advanced Trailering Package And (V03) ...
- Hidden text
- Overhead console: Mini
- Hidden text
- Rear Cross Traffic Alert
- Hidden text
- Rear heat ducts with separate controls
- Hidden text
- Seatbelt pretensioners: Front
- Hidden text
- Split rear bench
- Hidden text
- Tires: Profile: 65
- Hidden text
- Variable intermittent front wipers
- Hidden text
- 3rd Row Leg Room: 34.9"
- Hidden text
- Automatic front air conditioning
- Hidden text
- Center Console: Full with covered storage
- Hidden text
- Cupholders: Front and rear
- Hidden text
- Dusk sensing headlights
- Hidden text
- Front ventilated disc brakes
- Hidden text
- Heated driver mirror
- Hidden text
- Leather seat upholstery
- Hidden text
- Mirrors Outside Heated Power-Adjustable Power-Folding Driver-Side Auto-Dimmi...
- Hidden text
- Power remote driver mirror adjustment
- Hidden text
- Rear Leg Room: 42.0"
- Hidden text
- Regular front stabilizer bar
- Hidden text
- Side airbag
- Hidden text
- Steering wheel heated automatic
- Hidden text
- Total Number of Speakers: 9
- Hidden text
- Wheel Diameter: 18
Year | 2021 |
ODO | 167 mi |
Seller | Hidden text (Hidden text) |
MSRP | $6103 |
Location | Brooklyn Center, MN, 55429 |
Date | appeared 4 years ago latest price $7505 sale post disappeared 2020-04-06 |
Sale Website Type | classifieds |
Notes | |
Hidden text |
sale information provided by user #438026
Tech Specs
Body Style | SUV |
Color | Black |
Color (Interior) | Jet Black |
Transmission | 10-Speed Automatic |
Engine | 5.3L V8 16V GDI OHV |
Drive | 4WD |
Fuel Type | Gasoline |
Extra Features
- Hidden text
- Automatic
- Hidden text
- Driver Alert Package
- Hidden text
- Front Bucket
- Hidden text
- Lane Change Alert with Side Blind Zone Alert
- Hidden text
- Mp3 Sound System
- Hidden text
- Power-Folding
- Hidden text
- SECOND ROW BUCKET
- Hidden text
- BLACK BOWTIE EMBLEMS
- Hidden text
- Dual-Pane
- Hidden text
- HD Surround Vision
- Hidden text
- LEATHER SEATING SURFACES 1ST AND 2ND ROW
- Hidden text
- Outside Rearview Mirrors And Power And Tilt And Telescopic Steering Column
- Hidden text
- Rear Cross Traffic Alert
- Hidden text
- Set Of 4
- Hidden text
- Tires,275/65r20sl All-Season
- Hidden text
- AM/FM Stereo
- Hidden text
- Blackwall
- Hidden text
- Emissions
- Hidden text
- Heated
- Hidden text
- Leather Seats
- Hidden text
- Parking Assist
- Hidden text
- Rear Pedestrian Alert
- Hidden text
- Steering Column
- Hidden text
- Towing Package
- Hidden text
- Advanced Trailering System
- Hidden text
- Brakes-Abs-4 Wheel,4 Wheel Disc Brakes
- Hidden text
- Engine Immobilizer/Vehicle Anti-Theft System
- Hidden text
- HEATED SECOND ROW OUTBOARD SEATS
- Hidden text
- License plate front mounting package
- Hidden text
- Power Driver Seat
- Hidden text
- recalls 2 driver presets for power driver seat
- Hidden text
- Steering wheel
- Hidden text
- Traction Control
- Hidden text
- Active,2-Speed Electronic Autotrac
- Hidden text
- Chevrolet Infotainment 3 Plus System,10.2 Diagonal HD Color Touchscreen
- Hidden text
- Extra Capacity
- Hidden text
- Integrated
- Hidden text
- Luxury Package
- Hidden text
- Power Panoramic
- Hidden text
- Seat adjuster
- Hidden text
- Sunroof
- Hidden text
- Transfer Case
- Hidden text
- Tilt-Sliding
- Hidden text
- Wheels-Aluminum
Standard Features
All these features are based on a model in general. This specific vehicle may differ.
- Audio System Premium Brand Speakers: Bose
- Hidden text
- Compass
- Hidden text
- Fold forward seatback rear seats
- Hidden text
- Automatic front air conditioning
- Hidden text
- Cruise controls on steering wheel
- Hidden text
- Front and rear reading lights
- Hidden text
- Max cargo capacity: 123 cu.ft
- 2050
- Audio controls on steering wheel
- Hidden text
- Cruise Control
- Hidden text
- Front Ventilated disc brakes,1st
- Hidden text
- Manual Folding Third Row Seat
- Hidden text
- AUDIO SYSTEM PREMIUM BRAND : CHEVROLET INFOTAINMENT 3
- Hidden text
- Chevrolet Infotainment 3
- Hidden text
- External temperature display
- Hidden text
- Leather seat upholstery
- Hidden text
- Anti-Theft Alarm System
- Hidden text
- Cargo area light
- Hidden text
- Electrochromatic rearview mirror
- Hidden text
- Interior air filtration
- Hidden text
- Leather/metal-look steering wheel trim
- Hidden text
- Power remote passenger mirror adjustment
- Hidden text
- Roof rails
- Hidden text
- Tachometer
- Hidden text
- Remote power door locks
- Hidden text
- Suspension class: Regular
- Hidden text
- Driver And Passenger Heated-Seatback
- Hidden text
- Rear spoiler: Lip
- Hidden text
- Power Windows
- Hidden text
- Side airbag
- Hidden text
- Remote Engine Start
- Hidden text
- Surround Audio
- Hidden text
- Split rear bench
- Hidden text
- Tilt and telescopic steering wheel
- Hidden text
- Video Monitor Location: Front
- Hidden text
- Stability controll with anti-roll
- Hidden text
- Wheel Diameter: 18
Model Analytics & Market Report
We've analyzed more than 127,700 sales records of this model and here are some numbers.
The average price for new (MSRP) 2021 CHEVROLET TAHOE in 2021 was $63,270.
The average price for used 2021 CHEVROLET TAHOE nowadays in 2024 is $54,000 which is 85% from the original price.
Estimated mileage driven per year is 12,296 miles.
For this model we also have depreciation curve, photos, list of features and options, and other analytics.
Take a look at 2021 CHEVROLET TAHOE model page in BADVIN vehicles catalog.
Depreciation
The graph below is a depreciation curve for 2021 CHEVROLET TAHOE. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2021 CHEVROLET TAHOE in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
Year | Average Mileage | Average Price | % Left | % Lost | ||
---|---|---|---|---|---|---|
2021 MSRP | 0 mi | $63,270 | — | — | 100% | 0% |
2021 | 12,296 mi | $73,495 | −$10,225 | −16.16% | 116.16% | -16.16% |
2022 | 24,592 mi | $66,995 | +$6,500 | +8.84% | 105.89% | -5.89% |
2023 | 36,888 mi | $60,000 | +$6,995 | +10.44% | 94.83% | 5.17% |
2024 | 49,184 mi | $54,000 | +$6,000 | +10% | 85.35% | 14.65% |
2025 | 61,480 mi | $38,998 | +$15,002 | +27.78% | 61.64% | 38.36% |
→ Visit 2021 CHEVROLET TAHOE depreciation page to see full data. |
Price vs Mileage
The graph below shows how mileage affects the price for 2021 CHEVROLET TAHOE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2021 CHEVROLET TAHOE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
Mileage | Average Price | Sample Size |
---|---|---|
5,000 mi | $61,743 | 22 sales |
10,000 mi | $62,900 | 35 sales |
15,000 mi | $60,998 | 93 sales |
20,000 mi | $59,950 | 175 sales |
25,000 mi | $58,932 | 372 sales |
30,000 mi | $57,966 | 513 sales |
→ Visit 2021 CHEVROLET TAHOE depreciation page to see full data. |
Get FULL ACCESS to the vehicle history report and see all blurred info.
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Frequently asked questions
VIN decoding assists in insurance processes by providing accurate vehicle identification, which is crucial for policy creation, risk assessment, and claim processing.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Rebuild records, if available, show the extent of reconstruction after significant damage, important for assessing the current condition of the 2021 CHEVROLET TAHOE.
Our reports may include records of tire rotations, indicating how regularly they were performed and at what intervals for the 2021 CHEVROLET, if data is available.
While not necessary, decoding a VIN for a routine service appointment can provide the mechanic with precise model information, facilitating accurate service and parts replacement.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.