Used Chevy Silverado 1500 Pickups Increased In Value27
Used car prices are through the roof right now, with the ongoing global microchip shortage resulting in a huge uptick in demand for used vehicles. That includes used Chevy Silverado 1500 pickups, even those with more than 100,000 miles on the clock.
Automotive research company Edmunds recently provided an analysis of the top 10 used vehicles sold at dealers in June of 2021 with mileage between 100,000 to 109,999. Trucks took the top spot in terms of year-over-year increase in average transaction price (ATP), with used Chevy Silverado 1500 prices hitting an ATP of $26,914, a 49-percent increase compared to the same time period in 2020. For the sake of comparison, the ATP for the Ford F-150 was up to $24,657, a 42-percent increase year-over-year.
Per the Edmunds analysis, used Chevy Silverado 1500 models sold with mileage between 100,000 and 109,999 miles had an average age of 6.6 years, and days to turn (DTT) of 30.8. In June of 2020, the average age was 7 years, ATP was $18,070, and DTT of 38.6.
Edmunds recommends that consumers with an old truck sitting in their driveway are in a great position to take advantage of the used car market prices right now.
Beyond the used truck market, Edmunds reports that ATP for all vehicles sold at dealership with mileage between 100,000 and 109,999 miles was up to $16,489 in June, a 31-percent increase compared to the ATP of $12,626 for June of 2020. What’s more, all vehicles sold with 100,000-109,999 miles had a DTT of 30.5 in June 2021, compared to 37.7 days in June 2020.
“It’s been a long-held belief among many car buyers and sellers that a vehicle’s value begins to decline dramatically once it crosses the 100,000-mile mark, but that’s proven to be wrong as vehicle technology and durability have greatly improved over the years,” said Edmunds’ senior manager of insights, Ivan Drury. “The soaring demand we’re seeing in the used vehicle market right now only further debunks this myth: We’re seeing 7- to 8-year-old vehicles with more than 100,000 miles commanding prices today that are more like the cost of 5-year-old vehicles with 60,000-80,000 miles a year ago.”
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My brother bought a new Silverado cheaper than used ones. Just crazy right now. Used camaro’s are being advertised for more than new ones. I’m glad I don’t need a vehicle right now but a lot of people may be very upside down in a year or two.
Sold my 2018 Silverado for more than I paid for it used 2 years ago. Used market is crazy.
Got a steal on a 2018 LT Z71 Crew in December 2018 (2019s were out) and it’s worth as much now as what I paid for it. I tried finding a new 2500HD Duramax but they are really hard to come by right now.
I own a 2011 Silverado extended cab LT with only 45,000 miles on it and wondering what’s the value????
Probably over 20k depending on trim level and options. Vroom offered me 19k for my 2010 LT with 79k miles.
Bought my 2019 silverado LD March of 2020. 11 grand of MSRP! Dumb Luck.
I traded in my 2015 Silverado 1500 for a 2021 2500HD Gas. They gave me $24.500 with 86.000 miles on it but i picked it up 2 years ago for $27.000 with 68.000 miles. So only paid $20.000 for a new and upgraded truck.
My 2006 silverado increased over a 1000 bucks
My 2011 nissan maxima by about 600
I wonder what my 2015 Silverado Lt extended cab with 72,000 on it
I’ve got a 2003 chevy Silverado extended LT Quadrasteer with 141k. It is loaded and everything works. What you you think the value is on this.
Got a 2015 Silverado with 45k miles on it. Wonder how much I can get??
I sold my 2017 LT with all star package and 39k miles for $33k to Carvana. Then got another $1k refund on a warranty I bought.
I traded in my challenger on a new Chevy truck. Got several thousand more for the trade than I paid for it new a couple of years ago. Got a pretty good price for the new truck as well. Great market if you own certain high-demand vehicles and are looking to trade for a new vehicle. Not so much if you just want a used car.
Tengo una silverado 2014 ya con 206000 millas no creo que ya tenga mucho valor
I just sold my 2001 Chevy S10 with 130,000 miles for $3700, after getting a 2013 Chevy Silverado Long Box 4×4 with the 4.8L at 77k miles for $16,500 from a private seller. A bargain in this market. So I got a great deal on a newer truck and sold my old one for descent money, more than I thought I would get. Last year I probably only would have got $3000 if I was lucky.
What’s a good place to sell for and get most money ? I got a 2019 Silverado 1500 LTZ with about 53k I bought it in dec 2019
In the U.S., Craigslist, hasn’t changed, still the best. Sold my s10 in 48 hours for top dollar a week ago. Must have had 20 inquiries. In very high demand right now.
So much craziness in the world right now. My GTX 1070 gpu are selling used for what they cost new. I was offered 11k for my 2002 5speed single cab short stepside Silverado. It’s options and trim are on the rare side but was I sure shocked to hear it. Not as shocked when I told him I’m the original owner not selling.
Just bought a 2021 RST in June, sticker was $51,800.
Traded my 2013 Sierra with 76,000 and got $22,880 for it. Plus they gave me an extra $1,000 off for having a Costco membership which I found odd. Not a bad time to buy brand new really. Top it all off I got a new one without the DFM chip which was a bonus for me.
Curious, I’m retired with a 2000 Silverado, LS extended cab short bed with 33,500 miles on it. Any ideas on it’s worth in this nutty market?
Wonder what my 2012 Silverado with 76,000 miles on it, is worth. Hoping around 28 to 30 thousand.
I wonder what my 2015 2500 hd 4-door 4×4 with 158,000 will bring
We have a 2006 crew cab silverado.near 300k miles.its even worth between 4-5000 now.