General Motors introduced the fully refreshed 2022 Chevy Silverado 1500 in September of the 2021 calendar year, pulling the sheets on a long list of changes and updates, among which was the debut of the all-new Chevy Silverado ZR2 off-roading trim level. Now, however, the new Chevy Silverado ZR2 is in fact more expensive in the U.S. than it is in Canada or in Mexico.
Currently, the 2022 Chevy Silverado ZR2 is priced at $69,295 in the U.S., including Destination Freight Charge (DFC). Critically, pricing for the Silverado ZR2 has increased twice since the model was first introduced. At launch, the Silverado ZR2 was priced at $66,795, with GM upping that figure to $67,995 in late February/early March. Pricing was increased again in late March, rising to $69,295.
Now, pricing for the Silverado ZR2 is lower in Mexico and Canada than it is in the U.S., when converted to U.S. dollars. As of April 21st, 2022 exchange rates, pricing was set at $62,240 (CA$78,198) in Canada, and $64,320 (MX$1,298,900) in Mexico.
Note that the Silverado ZR2 is called the Cheyenne ZR2 in Mexico.
We reached out for an explanation, and received the following from a Chevy spokesperson:
“Pricing in each country is not done by exchange rate, nor is it dependent on pricing in another country as they each have their own market dynamics, product context, availability, etc. Each country determines the pricing based on the local economy of each country, previous supply and demand factors, competitive analysis, differences in equipment, etc.”
The Chevy spokesperson continued by saying, “Pricing is not set in one country and then assigned to other countries based on exchange rates.”
Check out the table below for a breakdown on North American pricing for the Chevy Silverado ZR2:
| United States | Canada | Mexico | |
|---|---|---|---|
| Silverado ZR2 / Cheyenne ZR2 Base MSRP + DFC | $69,295 | CA$78,198 | MX$1,298,900 |
| MSRP Converted to USD (At April 21st, 2022 Exchange Rate) | $69,295 | $62,240 | $64,320 |
Under the hood, the Chevy Silverado ZR2 is equipped with the naturally aspirated 6.2L V8 L87 gasoline engine, rated at 420 horsepower and 460 pound-feet of torque, all of which reaches the full-time four-wheel drive system via the GM 10-speed automatic transmission. Further highlights include a high-approach steel front bumper, 18-inch alloy wheels wrapped in 33-inch Goodyear Wrangler Territory tires, and underbody skid plates, plus tucked-under exhaust pipes.
The refreshed 2022 Chevy Silverado 1500 rides on the GM T1 platform, while production takes place at the GM Silao plant in Mexico, the GM Fort Wayne plant in Indiana, and soon at the GM Oshawa plant in Canada.
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Comments
I mean they make 44% of the trucks parts in Mexico alone, so it would make sense
Translation – “we’ll just kept cranking the price up in the US until we notice orders dropping off “
John is right , Americans are standing in line to buy trucks, so they will keep raising prices. Just like disney , tickets are 130.00 a day, and the parks are full.
GM has always treated other nationalities better than Americans…
GM never tried Killing others the way they Killed Americans with their Special Ignitions. Why? Well, because other countries wouldn’t have tolerated it, America does. Mind you, Ford was creative to make a car that Killed you AND cremated you, without charging extra. However, GM determined that when they were going to Kill, they were only going to Kill Americans and they tried to engineer it so the driver could be blamed. It really was a brilliant idea, and it allowed them to Kill for over ten years, so it was fairly successful.
I can’t wait to see how they Kill next, it’s going to be epic.
MBFC, if we take the ignition switch example, yes it tool 10+years to fix it but the problem went to all markets where the cars were sold. The defective switches were not selected at the supplier plant or the GM vehicle plant to be put on cars ONLY sold in the US.
Now, it is a fact that although GM promised that ALL GM vehicles would have push button ignition by 2020, it has not happened. Still the Silverado WT has ignition switch with key, same as the Chevy Spark in some trims.
So it has to do with the bean counters, the marketing gurus and the sales initiatives.
I’m very, very disappointed with GM, they are rendered only dark colors. This is my third High Country, one blue and the last two cherry red. My saleswoman at Nicol Auto in La Sarre Québec told me that GM no longer made Cherry Gray and Red and also no Micro Ship (puse). So I said NO THANK YOU, I don’t want any other color than Cherry Red and I kept my Sylverado Hihg Country 2018, 6.2 L which I like BUT. Since 2011 I’ve been changing my trucks every three years but this time it’s a BIG NO. I looked at you at Ford and Dodge RAM for my Cherry Red color. To bad so sad GM, you will lose a good customer, very very disappointed with you other GM… You can look in your system and you will see that I am not a liar… I would like to have a followup on my comment and I ask you to answer me ASAP…
Why did GM make you their truck model like the Chevy Nova Montana and Siera truck in Brazil… Is it cheaper to make them in this country’s and once in the USA / Canada you are going to charge us consumers more… And for the 2022 GMC Sierra Denali Ultimate’s Paldao Wood (wood from a Asia Tree), exterior Trim such as Vader Chrome, 22-inch Whells and GM’s CarbonPro composite Cargo Box, is flown into U.S. from Southeast Asia, pricing starts at $81,790.00 U.S.,. What a bad GM administration… You should give the work to our employers in our two countries USA and Canada, you are not helping our GM economies… You are incompetent…
I am not happy about you GM, you are very bad… 🙁 But U dont give HELL about use the consumer… U do like Trudeau, U do what U want… U are bad Leader like Trudeau… 🙁 All I see in your comment’s by costumer’s, is complaint’s about U GM, shame on U and you engineer’s… 🙁