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Chevrolet Silverado 1500 Depreciation & Resale Value

Chevrolet Silverado 1500 keeps an estimated 69% of its original MSRP after 5 years — #85 of 530 cars VINdown tracks. See the full depreciation curve.

Per VINdown's modeling, the Chevrolet Silverado 1500 retains an estimated 69% of its original MSRP after five years, ranking #85 of 530 cars we track. That is 6 points above the 63% five-year average for Truck in its class, so it holds value better than most rivals.

Most of the loss lands early: the Chevrolet Silverado 1500 sheds about 3% of its value in year one alone. From roughly $37,000 it falls to around $25,493 by year five — a five-year loss near $11,507, about $6.31 a day in depreciation.

Because the steepest drop hits around year 2, a lightly-used Chevrolet Silverado 1500 bought at 2 years old lets the first owner absorb the worst of the depreciation while the curve flattens — usually the value sweet spot. Explore the full year-by-year curve, trims, and true cost of ownership in the Model Lab above.

Chevrolet Silverado 1500 depreciation FAQ

Does the Chevrolet Silverado 1500 hold its value?

It keeps an estimated 69% of its original MSRP after five years — better than most among the 530 cars VINdown tracks (ranked #85).

How much does a Chevrolet Silverado 1500 depreciate in 5 years?

From about $37,000 when new it drops to roughly $25,493 after five years — a loss near $11,507 (69% of its original MSRP retained).

When is the best time to buy a used Chevrolet Silverado 1500?

Around 2 years old: that is just past the steepest depreciation, so you skip the biggest drop while the value curve is flattening.