As GM Authority covered previously, General Motors is introducing a new trim level for the 2021 Chevy Silverado and 2021 GMC Sierra. The new trim for the Chevy Silverado is tagged with RPO code 2FL and is based on the LT, while the new trim for the GMC Sierra trim is tagged with RPO code 3VL and is based on the Elevation. However, the question is this – why did GM introduce these new trim levels for the Chevy Silverado and GMC Sierra?
Before we launch into the why behind the new Chevy Silverado and GMC Sierra trim levels, let’s start by looking at the what. Both new trims are available exclusively in Double Cab 4WD and Crew Cab / Short Bed 4WD body configurations, and come equipped with the turbocharged 2.7L I4 L3B gasoline engine and GM eight-speed automatic transmission. Both also come with all-terrain blackwall tires offered as optional on other trims, while the new Silverado trim gets an eight-inch touchscreen and wired Apple CarPlay / Android Auto as standard.
Breaking it down, it looks as though the new trim levels for the Chevy Silverado and GMC Sierra will offer a better lease deal than the respective trims upon which they are based, which in this case would be the LT trim for the Silverado (RPO code 1LT) and the Elevation trim for the Sierra (RPO code 3SB). The reasoning behind this is higher residual values for the new trims, namely the 2FL trim for the Silverado, and the 3VL trim for the Sierra. Thus, GM will be able to “discount” the standard turbocharged engine with regard to the vehicle sticker price.
In other words, General Motors is expecting a higher residual value for the new trim levels, which means lower lease payments given the overall vehicle depreciation factor.