Chevrolet Silverado 1500 depreciation: value by age
Value kept after 3 years
45%
- Loses 55% in 3 years.
- 2023 Work Truck Crew Cab RWD. New: $43,895. Now: $19,600.
- Median truck at 3 years: 69% kept.
- Value now: KBB fair price.
| Model year | Age | Trim | Original MSRP | Value now | Source | Kept | Lost | Lost per year |
|---|---|---|---|---|---|---|---|---|
| 2024 | 2 | Work Truck Regular Cab RWD | $38,795 | $24,600 | KBB fair price | 63% | $14,195 | $7,098 |
| 2023 | 3 | Work Truck Crew Cab RWD | $43,895 | $19,600 | KBB fair price | 45% | $24,295 | $8,098 |
| 2022 | 4 | Work Truck Regular Cab RWD | $36,395 | $22,500 | KBB fair price | 62% | $13,895 | $3,474 |
| 2021 | 5 | Regular Cab Work Truck 8 ft 2WD | $30,995 | $16,550 | KBB fair price | 53% | $14,445 | $2,889 |
| 2020 | 6 | Work Truck Regular Cab RWD | $30,095 | $15,550 | KBB fair price | 52% | $14,545 | $2,424 |
| 2019 | 7 | 2WD Reg Cab 140" Work Truck | $29,895 | $13,950 | KBB fair price | 47% | $15,945 | $2,278 |
| 2018 | 8 | 2WD Reg Cab 119.0" Work Truck | $29,795 | $13,500 | KBB fair price | 45% | $16,295 | $2,037 |
| 2017 | 9 | 2WD Reg Cab 119.0" Work Truck | $29,255 | $9,075 | KBB fair price | 31% | $20,180 | $2,242 |
| 2016 | 10 | 2WD Reg Cab 119.0" Work Truck | $28,390 | $11,550 | KBB fair price | 41% | $16,840 | $1,684 |
| 2015 | 11 | 2WD Reg Cab 119.0" Work Truck | $27,865 | $10,400 | KBB fair price | 37% | $17,465 | $1,588 |
| 2014 | 12 | 2WD Reg Cab 119.0" Work Truck w/1WT | $27,540 | $9,175 | KBB fair price | 33% | $18,365 | $1,530 |
| 2013 | 13 | 2WD Reg Cab 119.0" Work Truck | $26,405 | $8,100 | KBB fair price | 31% | $18,305 | $1,408 |
| 2012 | 14 | Regular Cab LT 6 1/2 ft 4WD | $33,610 | $9,575 | KBB fair price | 28% | $24,035 | $1,717 |
| 2011 | 15 | Regular Cab LT 6 1/2 ft 4WD | $32,620 | $9,750 | KBB fair price | 30% | $22,870 | $1,525 |
| 2010 | 16 | 2WD Reg Cab 119.0" Work Truck | $24,060 | $6,100 | KBB fair price | 25% | $17,960 | $1,123 |
| 2009 | 17 | 2WD Reg Cab 119.0" Work Truck | $23,840 | $5,700 | KBB fair price | 24% | $18,140 | $1,067 |
- Biggest drop
- Age 2 to age 3: $10,100 a year.
- Values as of
- October 2026
KBB resale value by year
| Model year | 2023 | 2024 | 2025 | 2026 | 2027 KBB forecast | 2028 KBB forecast |
|---|---|---|---|---|---|---|
| 2024 | N/A | $38,995 | $23,546 | $22,900 | $20,860 | $19,365 |
| 2023 | $36,956 | $32,885 | $29,458 | $18,450 | $17,188 | $16,309 |
| 2022 | $25,747 | $21,386 | $21,350 | $17,250 | $15,140 | $13,518 |
| 2021 | $21,989 | $20,186 | $18,875 | $15,400 | $13,840 | $12,494 |
| 2020 | $20,575 | $17,935 | $17,460 | $13,900 | $12,210 | $10,718 |
| 2019 | $19,221 | $16,316 | $12,723 | $12,400 | $10,030 | $8,064 |
| 2018 | $16,418 | $15,051 | $14,867 | $10,650 | N/A | N/A |
| 2017 | $15,331 | $13,410 | $13,819 | $8,200 | N/A | N/A |
| 2016 | $13,275 | $10,976 | $10,839 | $10,250 | N/A | N/A |
| 2015 | $11,607 | $10,588 | $9,865 | $7,700 | N/A | N/A |
| 2014 | $10,486 | $9,987 | $9,258 | $6,000 | N/A | N/A |
| 2013 | $8,565 | $8,313 | $8,250 | $6,525 | N/A | N/A |
| 2012 | $8,510 | $8,480 | $8,673 | $6,075 | N/A | N/A |
| 2011 | $7,857 | $7,251 | $6,128 | $5,425 | N/A | N/A |
| 2010 | $7,849 | $7,163 | $7,065 | $5,350 | N/A | N/A |
| 2009 | $6,878 | $6,442 | $5,289 | $4,025 | N/A | N/A |
KBB resale values. 2027 and 2028 are KBB forecasts.
What this cannot tell you
Values as of October 2026. KBB and CarGurus national figures.
Mileage and condition change the value.
- 2 or more sources
- 1 source
- Model-level, rule or estimate