GMC Sierra 1500 Resale Value and Depreciation
See how much the GMC Sierra 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 GMC Sierra 1500 depreciates 40.4 percent after five years, resulting in a resale value of $22,827. In comparison, the full-size pickup truck category, which the GMC Sierra 1500 belongs to, loses 41.4 percent of its value after five years. For further context, the five-year depreciation for all pickups is 37.7 percent and for all vehicles is 43.7 percent.
If you plan to drive a new GMC Sierra 1500 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an GMC Sierra 1500 sees a depreciation of 29 percent with a resale value of $27,203. Its 7-year depreciation is 50 percent and 10-year depreciation is 63 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 GMC Sierra 1500 depreciates 40.4 percent after five years, resulting in a resale value of $22,827. In comparison, the full-size pickup truck category, which the GMC Sierra 1500 belongs to, loses 41.4 percent of its value after five years. For further context, the five-year depreciation for all pickups is 37.7 percent and for all vehicles is 43.7 percent.
If you plan to drive a new GMC Sierra 1500 for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an GMC Sierra 1500 sees a depreciation of 29 percent with a resale value of $27,203. Its 7-year depreciation is 50 percent and 10-year depreciation is 63 percent.
GMC Sierra 1500 Depreciation After 3, 5, 7 and 10 Years
GMC Sierra 1500 Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
29% |
$11,097 |
71% |
$27,203 |
|
5 Years |
40.4% |
$15,473 |
59.6% |
$22,827 |
|
7 Years |
50% |
$19,134 |
50% |
$19,166 |
|
10 Years |
63% |
$24,121 |
37% |
$14,179 |
GMC Sierra 1500 Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
GMC Sierra 1500 |
29% |
40.4% |
50% |
63% |
|
All Full-Size Pickup Trucks |
27.4% |
41.4% |
50.5% |
61.5% |
|
All Pickups |
23.7% |
37.7% |
46.6% |
57.5% |
|
All Cars |
30.5% |
43.7% |
54.5% |
65.7% |
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 carâs 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.