Chevrolet Silverado 1500 Depreciation by Year
How fast does a Chevrolet Silverado 1500 lose value?
A Chevrolet Silverado 1500 keeps about 71% of its new price after three years and 60% after five years, comparing each trim with the same trim new. That is 3 points better than the typical car in our study at three years. Bought new for $52,000, the typical Silverado 1500 would be worth about $36,500 after three years if it ages like today's Silverado 1500s.
cars · November 9, 2026
Chevrolet Silverado 1500 value by model year
| Model year | Value kept | Typical ask | Typical miles | Cars |
|---|---|---|---|---|
| 2026 (new) | 100% | $52,000 | new | 6,783 |
| 2025 (1 yr) | 81% | $42,500 | 14,000 mi | 2,019 |
| 2024 (2 yr) | 74% | $39,500 | 25,000 mi | 3,165 |
| 2023 (3 yr) | 71% | $38,500 | 36,000 mi | 2,283 |
| 2022 (4 yr) | 65% | $36,500 | 49,000 mi | 1,655 |
| 2021 (5 yr) | 60% | $33,000 | 62,000 mi | 1,806 |
| 2020 (6 yr) | 56% | $30,000 | 74,000 mi | 1,529 |
| 2019 (7 yr) | 50% | $27,000 | 86,000 mi | 1,740 |
| 2018 (8 yr) | 45% | $23,500 | 99,000 mi | 1,602 |
Where a Silverado 1500 loses its value
The first year takes 19% of the price. After the first year a Silverado 1500 loses about 5 points of its new price a year in this snapshot.
Compare with how fast the typical car loses value and with the cars that hold their value best.
About the data
We compared asking prices for cars listed for sale in the U.S. on November 9, 2026, one listing per car. "New" is the median asking price of new 2026 models. For each older model year we used cars with about 12,000 miles a year for their age (for example 27,000–45,000 miles for a 2023). We compared every trim with the same trim new and averaged the trims, weighted by the number of cars, so a shift in trim mix does not look like depreciation. Typical asking prices in the tables are the median of all trims at that age.
This is a snapshot of today's prices by age, not one car followed over time. A car you buy now can lose value faster or slower, especially if a new generation arrives. Asking prices are before negotiation, taxes and fees. New cars often sell below sticker, so the real first-year loss can be smaller than shown. We left out modified cars and prices that were clearly not a full asking price.
Questions
How much is a 3-year-old Chevrolet Silverado 1500 worth?
About 71% of the same trim new. On November 9, 2026, 2023 Silverado 1500s with around 36,000 mi had a typical asking price of $38,500 (2,283 cars), against $52,000 for a new 2026.
Does the Chevrolet Silverado 1500 hold its value?
At three years it keeps 71%, 3 points better than the typical car in our study (68%, the median of 79 models).
How much value does a new Chevrolet Silverado 1500 lose in the first year?
About 19%: one-year-old 2025 Silverado 1500s ask 81% of the same trim new. New cars often sell below their asking price, so the real loss can be smaller.
Cite this study
OttoQuest. Chevrolet Silverado 1500 Depreciation by Year. Published .
https://ottoquest.com/guides/chevrolet-silverado-1500-depreciation
Referencing these findings? Link to this study so readers can check its sample, dates and methodology.