New Chevrolet Silverado 1500 for Sale nearNewmarket, ON

How much does the Chevrolet Silverado 1500 cost in today's market?

Used Chevrolet Silverado 1500 prices span a wide range depending on model year. Here's what the market looks like right now:

The Chevrolet Silverado 1500's current nationwide average price is $42,764 CAD, and its lowest point over the past year was $42,733 CAD. Recently, prices have come down for the 2024, 2025, and 2026 models, making now a good time to shop recent model years.

Is the Chevrolet Silverado 1500 a good car?

Yes — it has broad appeal, strong owner satisfaction, and a wide range of configurations that suit work and everyday use. The all-generations owner rating is 4.5/5 across every model year in the data.

Owners consistently praise the Silverado 1500 for its comfortable ride, spacious cabin, and strong performance. They also frequently highlight its power, fuel economy, and the variety of engines and features available.

Expert reviews rate the 2023 and 2024 models among the highest across all years.

The main trade-offs centre on fuel economy, interior quality, and some versions’ towing and hauling performance. Recent expert reviews also point to safety ratings and the absence of electrified powertrains as considerations for shoppers weighing newer model years.

32.6% of listings are priced as good or great deals.

Are Chevrolet Silverado 1500 models reliable?

Owners and experts consistently praise the Silverado 1500 for its comfort, power, and broad usefulness. Across the model years in the data, buyers also tend to value its spacious cabin, strong performance, and available engine variety.

• Owners rate the Chevrolet Silverado 1500 between 4.1 and 5 out of 5 stars across all model years in the data.

For used buyers, long-term ownership risk depends heavily on model year and maintenance history, so a careful inspection and service-record review matter most.

What should I look for when buying a used Chevrolet Silverado 1500?

Key things to evaluate:

• Safety package: Chevy's Safety Assist is standard on every Silverado 1500 trim level.
• Infotainment: In front of the driver, a 12.3-inch digital display conveys vehicle data, while the 13.4-inch touchscreen infotainment system provides split-screen functionality to show the navigation map and media information.
• Fuel efficiency: According to Natural Resources Canada, it should have returned 12.8 litres per 100 kilometres in combined driving. With Autotrac in Auto mode, we averaged 15.3 L/100 km on our mountainous testing loop (16.2 L/100 km in city-only driving). The Duramax is rated to get 10.1 L/100 km with 4WD in combined driving.

Which Chevrolet Silverado 1500 trim should I buy?

The 2026 Chevrolet Silverado 1500 offers these trims:

• WT: The work-truck trim keeps things simple and utilitarian, making it the starting point for buyers who want the Silverado’s core capability.
• Custom: Adds more everyday convenience and a step up in equipment over WT.
• LT: Brings a more polished cabin and broader technology appeal.
• RST: Adds a roomier, more modern-feeling cabin with six-passenger seating, plus the standard turbocharged 2.7-litre four-cylinder in the tested truck.
• Custom Trail Boss: Adds a more rugged look and stance, and it is one of the trims named in the lineup.
• LT Trail Boss: Adds the Trail Boss treatment in a higher-positioned trim.
• LTZ: Adds more comfort and refinement for shoppers who want a more upscale truck.
• High Country: Adds the most premium feel in the lineup.
• ZR2: Adds the most off-road-focused hardware in the range.

What Chevrolet Silverado 1500 do most buyers choose?

The Chevrolet Silverado 1500 years with the most listings are 2024, 2025, and 2023.

These higher-volume model years tend to be popular because they give you more inventory to compare, more trim and configuration choices, and a better chance of finding the equipment you want at the right price.

What is the Chevrolet Silverado 1500's resale value?

Most Silverado 1500 model years are down year over year, which can work in your favour if you are shopping used. The newer years show the steepest drops, while the older trucks are changing more slowly. That pattern gives you more room to find value across the lineup.

The 2016, 2017, and 2018 model years have held their value best, with the smallest year-over-year price changes.

Is the Chevrolet Silverado 1500 safe?

• 2026: 3/10
• 2024: 7/10
• 2023: 9/10
• 2021: 3/10

Chevy's Safety Assist is standard on every Silverado 1500 trim level.

For the safest used buy, the 2023 model posts the highest confirmed score of 9/10.

Should I buy a used Chevrolet Silverado 1500 now or wait for the next model?

Buy now if:

• Price trend: The 2026 model is at −20.68% versus a year ago, and the 2025 model is at −18.75%.
• Deal availability: The 2026 model has 38.5% good and great deals, and the 2025 model has 37%.
• Sweet-spot year: The 2024 model has the most listings at a current average price of $50,637 CAD. The Chevrolet Silverado 1500 offers a roomy cabin that makes it easy to live with every day.

Consider waiting if:

• Powertrain/efficiency: Equipped with Chevy’s TurboMax turbo-four powertrain, the Silverado boasts 310 horsepower and 430 pound-feet of torque, the latter available at a relatively low 3,000 rpm.
• Tech: In front of the driver, a 12.3-inch digital display conveys vehicle data, while the 13.4-inch touchscreen infotainment system provides split-screen functionality to show the navigation map and media information.
• Safety: Chevy's Safety Assist is standard on every Silverado 1500 trim level.
• Starting price: Base prices in Canada range from $52,043 CAD to $98,563 CAD, including the $2,700 destination charge and other fees.

If you're buying used today, the 2024 model year offers the best mix of value and availability. If you want the latest tech and features, it may be worth waiting for the next model year's inventory to build up.

How does the 2024 Chevrolet Silverado 1500 compare to the 2024 Ford F-150?

Expert Pros & Cons (per CarGurus review team)

2024 Chevrolet Silverado 1500:

• Pros: Multiple powertrain options, Easy-to-use technology, The most bed tie-downs in the class.
• Cons: Mid-pack towing and hauling, No electrified version for sale for now.

2024 Ford F-150:

• Pros: Multiple powertrain options, Easy-to-use technology, Best towing and hauling in the class.
• Cons: Some advanced safety features are not standard, Unladen ride can be bouncy.

Our experts score the 2024 Chevrolet Silverado 1500 7.8/10 and the 2024 Ford F-150 8/10. The Silverado stands out for its easy-to-use technology and the most bed tie-downs in the class, while the F-150 brings stronger towing and hauling. If you want the better value on price and listings, the Silverado has the edge; if towing and hauling matter most, the F-150 is the stronger pick.

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

These recommendations are based on CarGurus' proprietary market data from November 4, 2026, CarGurus experts' opinions, and generative AI.