Chevrolet Silverado 1500 Resale Value and Depreciation
See how much the Chevrolet Silverado 1500 depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Chevrolet Silverado 1500 depreciates 42.5 percent after five years, resulting in a resale value of $21,286. In comparison, the full-size pickup truck category, which the Chevrolet Silverado 1500 belongs to, loses 42.5 percent of its value after five years. For further context, the five-year depreciation for all pickups is 38.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Chevrolet Silverado 1500 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Chevrolet Silverado 1500 sees a depreciation of 33.8 percent with a resale value of $24,485. Its 7-year depreciation is 53.7 percent and 10-year depreciation is 64.4 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new Chevrolet Silverado 1500 depreciates 42.5 percent after five years, resulting in a resale value of $21,286. In comparison, the full-size pickup truck category, which the Chevrolet Silverado 1500 belongs to, loses 42.5 percent of its value after five years. For further context, the five-year depreciation for all pickups is 38.8 percent and for all vehicles is 45.5 percent.
If you plan to drive a new Chevrolet Silverado 1500 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an Chevrolet Silverado 1500 sees a depreciation of 33.8 percent with a resale value of $24,485. Its 7-year depreciation is 53.7 percent and 10-year depreciation is 64.4 percent.
Chevrolet Silverado 1500 Depreciation After 3, 5, 7 and 10 Years
Chevrolet Silverado 1500 Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
0.3382553803 |
12515.4490711 |
0.6617446197 |
24484.5509289 |
|
5 Years |
0.4247120872 |
15714.3472264 |
0.5752879128 |
21285.6527736 |
|
7 Years |
0.536632356 |
19855.397172 |
0.463367644 |
17144.602828 |
|
10 Years |
0.6436303697 |
23814.3236789 |
0.3563696303 |
13185.6763211 |
Chevrolet Silverado 1500 Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
Chevrolet Silverado 1500 |
0.3382553803 |
0.4247120872 |
0.536632356 |
0.6436303697 |
|
All Full-Size Pickup Trucks |
0.3058490627558331 |
0.4248976693115403 |
0.5290472041638042 |
0.6325650054442865 |
|
All Pickups |
0.2638014144999653 |
0.3882844255089265 |
0.4942087681161659 |
0.5902351621457285 |
|
All Cars |
0.3165179968413209 |
0.4545119881897068 |
0.5646277219298009 |
0.673588353813038 |
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Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the car's automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.