Do Chevy Silverados hold their value?

Yes. Chevrolet Silverados generally hold their value well and often outperform many rivals in resale value over 3- to 5-year horizons.

Across model years and trims, resale value for the Silverado tends to be strong thanks to durability, broad capability, and sustained demand for full-size pickups. Market data from automotive valuation specialists in recent years shows that full-size pickups typically depreciate slower than the average new car, and the Silverado frequently ranks at or near the top of its segment for value retention. While individual results vary based on mileage, condition, and configuration, well-cared-for examples tend to maintain a sizable portion of their original price over time.

What the data says about resale value

Several industry trackers consistently show that full-size pickups—especially the Silverado—perform well in resale value. In practical terms, many Silverado models retain roughly 50-60% of their original price after about five years, with higher trims and lower mileage tending to pull retention toward the upper end of that range.

Before exploring specifics, consider these key takeaways from recent data:

• Strong demand for durable, versatile work trucks supports higher resale values than many other vehicle types.


• Trim level and options matter; higher-end trims (such as LTZ or similar well-equipped configurations) typically hold more value than base models.


• Mileage and maintenance history are major drivers of resale price; clean records and lower miles correlate with stronger returns.


• Model-year changes and mid-cycle refreshes can shift depreciation curves; newer generations may depreciate differently than aging ones.


• Fleet influence (rental/lease returns) can affect supply and pricing in the used-truck market.

These patterns illustrate why value retention is not uniform across every Silverado, but the overall trend remains favorable for buyers and sellers relative to many competing vehicles.

What influences Silverado depreciation

Generation and design updates

New generations or significant refreshes typically reset depreciation curves to some extent. A redesigned Silverado can command strong resale value due to updated styling, technology, and capability, while aging generations may depreciate more quickly until a refresh stabilizes demand.

Powertrain choices

Gas engines (like the 5.3L and 6.2L V8 options) and the newer 2.7L turbo and turbodiesel Duramax variants each influence resale differently. In many markets, well-regarded engines with strong reliability and fuel efficiency can help preserve value, though diesel variants may incur higher maintenance costs that temper resale gains.

Usage and wear

Work use, high miles, or heavy-duty towing can accelerate depreciation if condition or maintenance lag behind usage. Conversely, a Silverado that’s been well-maintained, with timely service and documented records, tends to hold value better than a poorly documented or heavily used example.

Tips to maximize resale value

To protect and maximize resale value, consider these practical steps:

1. Keep service records and perform maintenance on schedule. Documentation boosts buyer confidence and perceived value.


2. Preserve the vehicle’s exterior and interior condition. Regular washing, waxing, rust protection (where applicable), and using floor mats/seat covers can help.


3. Avoid aftermarket modifications that reduce resale appeal. Factory wheels, trim, and options generally hold value better than many custom alterations.


4. Maintain original equipment and parts when possible. If replacements are needed, use OEM or high-quality equivalents and retain receipts.


5. Manage mileage wisely and consider timing your sale. Selling before excessive mileage or at a model-year transition can improve offers.


6. Choose care with regard to trims and options. Higher trims with desirable technology and features tend to retain value better than base configurations.

Following these practices often translates into a more favorable resale price, particularly when selling to private buyers who value condition and documentation highly.

Bottom line

In summary, the Chevy Silverado generally holds its value well relative to many other vehicles, especially within the full-size pickup segment. While depreciation is inevitable, strong demand, durable construction, and careful maintenance can help owners preserve a meaningful portion of their investment over 3- to 5-year intervals. For prospective buyers, choose well-maintained examples with lower miles and favorable trim levels to maximize long-term value.

Summary

Key takeaways on resale value for the Chevrolet Silverado:

• Silverados typically retain a larger share of their original price than many non-truck vehicles and often outperform other pickups on resale value.


• Maintenance, mileage, and trim level are the main levers affecting depreciation and resale price.


• New generations or refreshes can alter depreciation curves, so consider model year and design updates when evaluating value.


• Practical steps like keeping detailed service records and preserving the vehicle’s condition can maximize resale outcomes.

Does Chevy have a good resale value?

Advanced Features: Many used Chevy vehicles come equipped with advanced technology and safety features, adding value for buyers. Strong Resale Value: Due to their popularity and reliability, used Chevy vehicles often have strong resale value compared to competitors.

What truck retains its value the best?

The Toyota Tacoma is widely considered the truck that holds its value the best, especially the TRD Pro trim, due to its strong reputation for reliability and off-road capability. Other top contenders for retaining value include the Toyota Tundra, Ford F-150, and Chevrolet Silverado 1500, though the Tacoma consistently ranks at or near the top for both midsize and overall value retention.
 
Midsize trucks 

• Toyota Tacoma: Consistently ranked as a top performer in resale value due to its reliability and demand. 
• Toyota Tundra: Often cited for its strong resale value, with some sources placing it above the Tacoma in a full-size category. 

Full-size trucks 

• Ford F-150: Holds its value extremely well due to its popularity, widespread parts availability, and customer loyalty. 
• Chevrolet Silverado 1500: Strong demand in the used market for its performance, utility, and comfort helps it maintain value. 
• Toyota Tundra: Holds its value particularly well, especially in the full-size segment, with some reports showing it retaining over 70% of its value after five years. 

Factors that influence resale value

• Brand reputation: Brands with a long history of quality trucks, like Toyota and Ford, often have higher resale values. 
• Reliability: Vehicles known for their durability and low maintenance costs, such as the Tacoma, tend to hold their value better. 
• Demand: High demand in the used market for specific models or trims can significantly boost resale value. 

Which Silverado to stay away from?

You should be wary of the 2014, 2015, and 2017 model years, as well as earlier models from 2007-2011, due to numerous reported problems. Common issues include transmission problems, air conditioning failures, and excessive oil consumption. 
Specific model years to be cautious of

• 2007–2011: These early GMT900 models are known for Active Fuel Management (AFM) system problems, leading to oil consumption and costly engine repairs. 
• 2014: This model year saw the highest number of complaints, with issues including transmission problems, electrical faults (like the infotainment screen), and air conditioning failures. 
• 2015: Another year with significant recalls and complaints, particularly involving transmission and suspension issues. 
• 2017: This model is frequently cited for major transmission problems, including rough shifts, jerks, and hard shifts. 

Other potential issues to consider

• Some earlier models (2001-2005) may have poor safety ratings and inconsistent reliability. 
• The 2012-2013 models also experienced issues with engines and transmissions. 
• More recent models may have their own set of potential issues, such as the 2024 model having a lower-than-average predicted reliability, according to some sources. 

What truck devalues the most?

The trucks that tend to devalue the most are the Nissan Titan and the Ram 1500 Classic, both losing about 48% of their value in five years. The Titan's high depreciation is often linked to market rejection and a less competitive powertrain, while the Ram 1500 Classic suffers due to its aging platform and dated technology. Other trucks, like the Ford F-150 and Honda Ridgeline, also have significant depreciation rates but are generally still strong performers compared to the worst offenders.
 
Trucks with the highest depreciation

• Nissan Titan: Loses approximately 48.1% of its value in five years due to market rejection, poor fuel economy, and discontinuation. 
• Ram 1500 Classic: Experiences a similar 48.1% depreciation because it is an older model with dated technology compared to newer trucks. 
• Ford F-150: While a very popular truck, it still has a high depreciation rate of around 43.4%. 
• Honda Ridgeline: Despite its unique features, the Ridgeline has poor resale value, with some reports showing a depreciation of 42.4% or higher in five years. 

Factors affecting depreciation

• Poor market acceptance: Trucks with limited appeal to buyers, such as the Titan, tend to depreciate faster. 
• Aging platforms: Older models, like the Ram 1500 Classic, become less desirable as new, more modern trucks enter the market. 
• Powertrain and reliability issues: Concerns about engine problems, such as the issues with the 5.3L V8 in some Silverado models or the lifter failures in GM's 6.2L V8, can significantly impact resale value.