The number of 2019 Chevy Silverado Medium Duty and 2020 Chevy Silverado Medium Duty trucks sitting on U.S. Chevrolet dealer lots continues to gradually decline. As of the end of March, inventory levels fell below 3,000 units for the first time in roughly a year.
|2019 Silverado MD||2020 Silverado MD||2019 and 2020 combined|
|End of December 2020||1,000||3,000||4,000|
|End of February 2021||900||2,500||3,400|
|End of March 2021||700||2,200||2,900|
GM Authority exclusively reported in January that there were, in round numbers, 4,000 units of 2019 and 2020 model year Chevy Silverado MD awaiting sale at the turn of the year. By the start of March, this had fallen to 3,400 – a drop of around 600 units. The process is now accelerating: a further 500 units were bought in March alone, bringing the total in 2019 and 2020 model year on-the-ground Silverado MD inventory to approximately 2,900 units.
The 2020 Silverado MD is selling in greater numbers, at approximately 800 units in Q1 of 2021 compared with 700 for the 2019 Silverado MD. However, the 2019 vehicle is proportionally selling faster – its inventory drop of 30 percent is slightly higher than the roughly 27 percent for the 2020 model.
It could be quite some time before it becomes impossible to buy one of the 2019 and 2020 Silverado Medium Duty trucks. It takes a lot longer than three months to shift 2,900 units of the Silverado MD. Furthermore, there are now around 1,800 units of the 2021 model year vehicle sitting on dealer lots, taking the total to approximately 4,700. That’s well over half of the 7,419 units of the vehicle sold in the U.S. in 2020.
Chevrolet Silverado Sales Detail - Q1 2021 - USA
|Model||Q1 2021 / Q1 2020||Q1 2021||Q1 2020|
However, Silverado MD sales are improving. Sales are tiny compared with those of the Silverado HD, and almost invisible next to the Chevy Silverado 1500, which is by far the most popular vehicle that General Motors produces. But Silverado MD Q1 sales in the U.S. rose by a spectacular 82 percent compared to the first quarter of 2020, reaching 1,887 units. That said, it’s worth noting that the third (and final) month of Q1 2020 was heavily impacted by restrictions associated with the COVID-19 pandemic.
In August of last year, we reported that the Chevy Silverado Medium Duty 5500HD 4×4 Regular Cab WT was the best-selling 2020 model year example of the truck. This has now changed. The most popular configuration for the 2020 and 2021 model years combined is now the 5500HD Crew Cab WT.