Chevrolet Silverado sales decreased 16 percent to over 114,000 units in the first quarter of 2019, as Chevrolet continued the launch of the all-new 2019 Silverado 1500. The circumstance incentivizes GM to move any remaining units of the last-gen 2018 Silverado models on the K2 platform. So after gradually increasing incentives on these models over the past few months, Chevrolet is now discounting 2018 Silverado 1500 pickup trucks by over $12,000 in May 2019.
Nationwide Chevrolet discounts on 2018 Silverado on the outgoing K2 platform pickup trucks are as follows in May 2019:
- 2018 Silverado 1500 Crew Cab Crew Cab LT All Star Z71: $6,750 total cash allowance + $4,815 employee discount + $750 option package discount = $12,315 total value
- This incentive is only available for current owners of GM vehicles
- 2018 Silverado 1500 Crew Cab: $1,500 cash allowance when financing with GM Financial $2,500 customer cash + $750 purchase bonus cash = $4,750 total cash allowance
- 2018 Silverado 1500 Crew Cab LT/LT Z71: 0 percent APR (interest-free) financing for 72 months + $1,500 cash allowance when financing with GM Financial
- 2018 Silverado 1500 Regular Cab: 0 percent APR (interest-free) financing for 72 months + $500 cash allowance when financing with GM Financial
- 2018 Silverado 1500 Double Cab: 0 percent APR (interest-free) financing for 72 months + $500 cash allowance when financing with GM Financial
- 2018 Silverado 1500 Double Cab: $2,500 customer cash + $750 purchase bonus cash = $3,250 total cash allowance
For reference, here are the applicable 2018 Silverado 1500 trim levels and their corresponding starting MSRPs:
- Work Truck – $29,795
- LS – $31,895
- Silverado Custom – $35,695
- LT – $36,095
- LTZ – $43,795
- High Country – $53,495
Chevrolet’s example of the discount as it applies to a 2018 Silverado LT All Star Z71 Crew Cab with an MSRP of $50,940 lowers the price to $38,605.
So, if you’re not that concerned with having the latest Silverado, which is all-new for the 2019 model year, then head on over to your Chevy dealer rather quickly, as inventory of the last-gen K2 Silverado is dwindling.
Those not up on the latest about the Silverado should know that the 2019 Silverado is offered in two versions:
- The all-new 2019 Silverado 1500 on the T1 platform, and
- The last-gen Silverado 1500 on the K2 platform. The model is available only in the Double Cab body style with the 5.3L V8 engine for the 2019 model year and in all body and engine combinations for the 2018 model year.
- Must take delivery by May 31, 2019.
- See dealer for details.
- Incentive for the United States of America, unless otherwise specified.
- Some customers may not qualify for this offer.
- Offer not available with special finance, lease, and some other offers.
We strive to provide accurate and up-to-date information about the vehicles and their incentives in question, but errors and misprints can happen. In addition, the manufacturer can change incentive information at any time and without notice. Always consult with your dealer regarding color availability information before making purchase decisions. GM Authority will not be held responsible for any misprints, typos or any other errors.
About Chevrolet Silverado
The Chevrolet Silverado is a lineup of full-size pickup trucks sold primarily in North America, but also in the Middle East and in certain markets in South America. Slotting above the mid-size Chevrolet Colorado (known as the S10 in some markets), the Silverado is Chevrolet's largest pickup truck and currently consists of the 1500 light duty model, two Heavy Duty models - the 2500HD and 3500HD, as well as Conventional Class 4, Class 5 and Class 6 Medium Duty models - the Silverado 4500HD and Silverado 5500HD and Silverado 6500HD.
The 2018 Chevy Silverado represents the fifth model year of the third-generation Silverado. It is based on the GM K2 platform shared with other full-size pickup trucks and SUVs from GM. Though the line sold relatively well, it became less competitive in the marketplace with time when compared to its primary Ford F-Series rival, due to lacking cutting-edge features such as turbocharged engines, a rugged off-road variant such as the Ford F-150 Raptor, a diesel engine option in the light duty (1500) model, and also various modern features and equipment.
Luckily, an all-new Silverado arrived for the 2019 model year that addresses many of the issues of its predecessor model. Customers began taking delivery of the all-new truck in the second half of August 2018.
Chevrolet says that the all-new 2019 Silverado is the result of over 7,000 customer interviews - the most intensive research in its history. The new model uses higher grade alloy steel in the bed floor as well as various mixed materials that result in a reduction in weight and improved performance, with weight falling about 450 pounds. The truck also offers an expanded amount of models for a total of eight, including the new 2019 Silverado Trailboss.
Riding on GM's new T1 platform shared with other future GM full-size trucks and SUVs, the 2019 Silverado offers more technology, convenience features, and engine/transmission combinations. While details of five powertrain combos have already been revealed, GM has not yet shared details of the new inline-six 3.0L Duramax Diesel engine, only stating that it will be "best-performing" and that it will be mated to GM's new 10-speed transmission.
Having overhauled the Silverado 1500, Chevy will next overhaul the Silverado Heavy Duty. The brand released a teaser image of the upcoming all-new 2020 Silverado HD in April 2018 and announced the vehicle in November 2018. The truck will launch in the 2019 calendar year as a 2020 model.
The 2020 Silverado HD will be comprised of the Silverado 2500HD and Silverado 3500HD that ride on a more robust and capable version of the new T1 platform when compared to the 2019 Silverado 1500, while sharing many high-tech features and design elements with its light duty brother.
Completing the overhauled Silverado family is the 2019 Silverado Medium Duty series, comprised of the Silverado 4500HD, 5500HD, and 6500HD.
The Chevrolet Silverado is built at the following GM plants:
- GM Flint Assembly in Flint, Michigan, USA
- GM Fort Wayne Assembly in Fort Wayne, Indiana, USA
- GM Oshawa Assembly in Oshawa, Ontario, Canada
- GM Silao in Silao, Guanajuato, Mexico
- Navistar Springfield Assembly in Springfield, Ohio, USA (Silverado Medium Duty only)
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