Buying Guide
The best year to buy a used Chevrolet Silverado 1500
If you are shopping for value, the 2023 Chevrolet Silverado 1500 is the year to target. It sits just past the steepest one-year drop in value, so the first owner absorbed the fastest depreciation, with a typical asking price around $55,287.
Best value year
2023
- Typical asking price
- $55,287
- Below original MSRP
- $16,213
Chevrolet Silverado 1500 depreciation by model year
Each year's value loss from original MSRP and its typical used asking price. The best-value year is highlighted.
| Model year | Age | Depreciation | Median price | Listings |
|---|---|---|---|---|
| 2026 | 0 yr | 10.5% | $51,527 | 60 |
| 2025 | 1 yr | 14.8% | $48,755 | 55 |
| 2024 | 2 yr | 18.3% | $48,406 | 60 |
| 2023Best value | 3 yr | 27.5% | $55,287 | 60 |
| 2022 | 4 yr | 30.6% | $47,110 | 60 |
| 2021 | 5 yr | 25.9% | $43,732 | 60 |
| 2020 | 6 yr | 27.3% | $35,989 | 60 |
| 2019 | 7 yr | 36.2% | $37,626 | 60 |
| 2018 | 8 yr | 39.7% | $35,850 | 60 |
| 2017 | 9 yr | 44.9% | $29,817 | 60 |
| 2016 | 10 yr | 48.0% | $28,465 | 60 |
| 2015 | 11 yr | 53.0% | $23,995 | 60 |
Want the full picture — depreciation curve, resale-by-age, cost to own, and current listings? See the complete Chevrolet Silverado 1500 depreciation guide.
Frequently Asked Questions
What is the best year to buy a used Chevrolet Silverado 1500?
For value, the 2023 Chevrolet Silverado 1500 stands out: it sits just past the steepest one-year drop in value, so the first owner absorbed the fastest depreciation, with a typical used asking price around $55,287 — roughly $16,213 below its original MSRP. This is a value-focused pick from observed used-car listings; the right year for you also depends on mileage, condition, features, and budget.
When does the Chevrolet Silverado 1500 lose the most value?
The steepest one-year drop in our data is between the 2024 and 2023 model years, about 9.2 percentage points of extra depreciation. Buying on the newer side of that cliff lets the previous owner absorb the fastest loss.
Is it better to buy a used Chevrolet Silverado 1500 new or a few years old?
A Silverado 1500 takes its largest percentage loss early, so a lightly used example is usually the stronger value than a new one — you skip the first, fastest stretch of depreciation. Compare the year-by-year table above and each year's price against its mileage before deciding.