Used 2022 Chevrolet Silverado 1500 for Sale near Prince Edward Island

How much does the 2022 Chevrolet Silverado 1500 cost?

Prices have softened 13.12% compared to this time last year, making it a favourable time to shop this model year.

There are 1,053 listings available, which gives you a solid amount of inventory to compare.

Is the 2022 Chevrolet Silverado 1500 a good car?

Generally — the 2022 Chevrolet Silverado 1500 earns a 4.3/5 user rating, which points to strong owner satisfaction. Drivers commonly praise its powerful engines, smooth ride, and good value for money, and many also like the comfort and fuel efficiency. For you, that makes it a compelling choice if you want a full-size pickup with serious capability and a broader range of modern features than earlier versions. With 32.1% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2022 Chevrolet Silverado 1500 reliable?

Owners rate it 4.3/5, a solid signal of long-term satisfaction.

The user feedback points to a truck that many owners feel they can count on, especially for power, comfort, and everyday usability. Comments about the engines and ride quality suggest dependable ownership appeal rather than a truck that feels fragile or short-lived. For used buyers, the main long-term risk is making sure the specific truck you choose has been maintained well and matches the features you expect.

Is now a good time to buy a used 2022 Chevrolet Silverado 1500?

This looks like a moderate market for selective buyers, with enough inventory to compare options and some room to find value.

• Deal availability: 32.1% of listings are priced as good or great deals.
• Inventory: There are 1,053 listings available.
• Price trend: Prices have softened 13.12% compared with last year.

If you find a listing below $40,293 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2022 Chevrolet Silverado 1500's resale value?

The current average of $40,293 CAD sits slightly below last year's $46,376 CAD.

That price movement suggests the market has become more favourable for buyers, but it also means future sellers may face a softer resale environment than owners saw a year ago. If you buy now, your long-term value will depend partly on how well the truck holds buyer interest as the market normalises. Strong demand for well-equipped full-size pickups should help, but the current trend still favours shoppers more than sellers.

Vehicles with solid owner satisfaction ratings, like this model year's 4.3/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2022 Chevrolet Silverado 1500 or consider a different year?

If you're weighing the 2022 against nearby model years, here's how to think about it:

Choose the 2022 if:

• 32.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.12% compared with last year.
• Owners rate it 4.3/5 — a solid satisfaction signal.

Consider the 2021 if:

• At $35,463 CAD, the 2021 costs less than the current year's $40,293 CAD average.
• It offers a proven package with strong sales appeal and loyal owner support.

Consider the 2023 if:

• At $46,018 CAD, the 2023 costs more than the current year's $40,293 CAD average.
• It adds stronger diesel power and a more trail-ready off-road option.

The 2022 is the best all-around pick if you want the refreshed cabin and modern features without stepping up to the pricier 2023. If your priority is saving money, the 2021 is the better value path; if you want newer equipment and are willing to pay more, the 2023 is the upgrade route.

How does the 2022 Chevrolet Silverado 1500 compare to the 2022 Ford F-150?

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from October 21, 2026, CarGurus experts' opinions, and generative AI.