2023 Chevy Silverado Prices Already Increasing

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Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

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, Automotive Editor - November 29, 2022
2023 Chevrolet Silverado 1500

Despite receiving a major refresh for 2022, the Chevrolet Silverado 1500 arrived with some noteworthy changes for the 2023 model year, which included a price increase. Now, Chevrolet is raising prices for the 2023 Silverado 1500 again, reports GM Authority.

As the outlet points out, pricing has gone up by a wide margin depending on trim level. A quick breakdown of the price changes is below:

  • WT: $800
  • Custom: $1,100
  • Custom Trail Boss: $1,400
  • LT: $1,400
  • RST: $1,500
  • LT Trail Boss: $1,800
  • LTZ: $1,600
  • High Country: $1,400

GM Authority claims that $100 of the increase comes from a higher destination fee, which has gone up from $1,795 to $1,895. With the price increases, the Silverado 1500 now ranges from $38,195 for the WT trim up to $78,490 for the ZR2 Bison.

2023 Chevrolet Silverado 1500

The 2023 Silverado 1500 arrived with a new ZR2 Bison trim, along with an updated turbocharged 3.0-liter six-cylinder diesel engine with extra power. The diesel engine gained an extra 28 horsepower and 35 pound-feet of torque. When Chevy introduced the 2023 Silverado 1500, it arrived with a price increase of $1,050 over the 2022 model year.

The outlet doesn’t have any information on why Chevrolet increased pricing for the 2023 Silverado 1500 this month. With other automakers raising prices on their vehicles because of inflation and supply chain issues, we suspect the recent price increase for the Silverado 1500 is because of similar issues.

With the price increase, the Silverado 1500 becomes one of the pricier trucks in the segment. The Ford F-150 ($36,240) and GMC Sierra ($37,145) cost more than the Silverado 1500, while the Toyota Tundra ($38,760) and Ram 1500 ($38,985) are more expensive.

Source: GM Authority

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, Automotive Editor

Based out of the Washington, D.C. area, Joel Patel is an automotive journalist that hails from Northern Virginia. His work has been featured on various automotive outlets, including Autoweek, Digital Trends, and Autoblog. When not writing about cars, Joel enjoys trying new foods, wrenching on his car, and watching horror movies. 

Follow On: Twitter

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