Chevrolet Silverado 1500 Price Trends and Pricing Insights (2024)

FAQs

Which Silverado to stay away from? ›

Of the best and worst years for the Chevy Silverado 1500, the 2014 model year is the worst of the worst. With over 250 problems reported and 19 recalls, this model is reputable for electrical issues, airbags not deploying or failing to inflate, and transmission oil cooler lines prone to failure.

In 2017, Kelley Blue Book recognized the Silverado 1500 with its 5-Year Cost to Own award, citing its affordable maintenance costs. You can count on your Chevrolet to retain its value over the years, as the Silverado often earns high marks for its exceptional resale value.

2024 Chevrolet Silverado 1500 Pricing

The 2024 Chevrolet Silverado 1500 has a starting sticker price of $37,445. Kelley Blue Book Fair Purchase Pricing currently suggests you might expect to pay about $1,978 less than MSRP, depending on trim and equipment. These prices are updated weekly.

2005 and 2006 Silverado Years

These model years from the first generation are often cited as some of the most reliable and trouble-free options. With fewer reported issues compared to their contemporaries, the 2005 and 2006 models offer a solid combination of power, capability, and dependability.

Another engine to avoid is the 2.4-L four-cylinder engine used in particular General Motors vehicles, such as the Chevrolet Equinox and GMC Terrain. Owners of these vehicles have reported significant issues with the engine, including excessive oil consumption and timing chain failure.

According to lenferauto.com, the 2012-2019 versions of the Chevy Silverado easily have the greatest transmission issues reported by customers. These troubles typically impact the drivability of the vehicle and could lead to expensive repairs, even after a short time as an owner of the car.

Toyota received Overall Best Resale Value award for the seventh time in eight years with five total category wins. The 2024 Toyota Tundra full-size pickup truck has a resale value of 60.4%.

While the standard 5.3L engine offers superior horsepower, the 2.7L engine excels in torque and boasts a higher rate of 3,000 RPM, making it a more efficient choice without compromising on performance. Both engines share identical towing capacities, though the 5.3L V8 can handle slightly more payload.

What does Z71 stand for? ›

Z71 in itself doesn't really mean anything. BUT, it's become shorthand for Chevy's offroad packages. So, if you see a z71 trim on any Chevy car, you're looking at an offroad package for it.

“LT” stands for Luxury Touring. Price-wise, LT Chevrolet models are more cost-effective than LTZ, because they include fewer high-end features. Generally, LT models have features like cloth seating and body-color door handles, whereas the LTZ models get leather upholstery and chrome door handles.

The Legendary 5.3L Vortec V8

Silverados equipped with the Vortec engine are known for easily surmounting 200,000 miles, thanks to its reliable structure and efficient performance. This powertrain has been the cornerstone of many Chevy conquests and remains the go-to for serious truck aficionados.

Basically, let's say that the period from 2012 to 2019 has not been the best. The 2012-2013 models (the last two years of the second generation) experienced a good number of problems, mainly with the engines and transmission.

The bad years: 2007-2014.

The most common cars with this issue from Chevy were made with the Chevy 5.3 motor from 1999 to 2007. It's also possible they appeared in other years, but customers reported them at a much higher rate during this period.

Basically, let's say that the period from 2012 to 2019 has not been the best. The 2012-2013 models (the last two years of the second generation) experienced a good number of problems, mainly with the engines and transmission.