The 2023 Chevy Silverado 1500 introduces the fifth model year for the latest fourth-generation pickup, following the fully refreshed 2022 model year with a few noteworthy changes and updates. Critically, the 2023 Chevy Silverado 1500 just got a price increase during the month of November, 2022.
Pricing for the 2023 Chevy Silverado 1500 has increased for eight different trim levels, with the pricing increase ranging between $800 and $1,800. This is the first pricing increase implemented for the 2023 Chevy Silverado 1500.
The pricing increases are as follows:
- +$800 on WT
- +$1,100 on Custom
- +$1,400 on Custom Trail Boss
- +$1,400 on LT
- +$1,500 on RST
- +$1,800 on LT Trail Boss
- +$1,600 on LTZ
- +$1,400 on High Country
These increases include an extra $100 for the destination freight charge (DFC), which has increased from $1,795 to $1,895. The least-expensive 2023 Chevy Silverado 1500, namely the WT Regular Cab / Standard Bed 2WD with the turbocharged 2.7L I4 L3B gasoline engine, is priced at $38,195, while the most-expensive model, namely the new-for-2023 ZR2 Bison, is priced at $78,490.
Check out the table below for a more complete breakdown of pricing for the 2023 Chevy Silverado 1500:
| Trim Level | Configuration | Drivetrain | Powertrain | 2023 MSRP + DFC |
|---|---|---|---|---|
| WT | Regular Cab Standard Bed | 2WD | Turbo 2.7L I4 L3B | $38,195 |
| WT | Regular Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $42,795 |
| WT | Regular Cab Long Bed | 2WD | Turbo 2.7L I4 L3B | $38,395 |
| WT | Regular Cab Long Bed | 2WD | 5.3L V8 L84 w/10-speed | $40,385 |
| WT | Regular Cab Long Bed | 4WD | Turbo 2.7L I4 L3B | $42,995 |
| WT | Regular Cab Long Bed | 4WD | 5.3L V8 L84 w/10-speed | $44,985 |
| WT | Double Cab | 2WD | Turbo 2.7L I4 L3B | $41,495 |
| WT | Double Cab | 2WD | 5.3L V8 L84 w/10-speed | $43,485 |
| WT | Double Cab | 4WD | Turbo 2.7L I4 L3B | $44,795 |
| WT | Double Cab | 4WD | 5.3L V8 L84 w/10-speed | $46,785 |
| WT | Crew Cab Short Bed | 2WD | Turbo 2.7L I4 L3B | $43,895 |
| WT | Crew Cab Short Bed | 4WD | Turbo 2.7L I4 L3B | $47,195 |
| WT | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $49,185 |
| WT | Crew Cab Standard Bed | 2WD | Turbo 2.7L I4 L3B | $44,195 |
| WT | Crew Cab Standard Bed | 2WD | 5.3L V8 L84 w/10-speed | $46,185 |
| WT | Crew Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $47,495 |
| WT | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $49,485 |
| Custom | Double Cab | 2WD | Turbo 2.7L I4 L3B | $45,495 |
| Custom | Double Cab | 4WD | Turbo 2.7L I4 L3B | $48,795 |
| Custom | Crew Cab Short Bed | 2WD | Turbo 2.7L I4 L3B | $47,795 |
| Custom | Crew Cab Short Bed | 4WD | Turbo 2.7L I4 L3B | $51,195 |
| Custom | Crew Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $51,495 |
| Custom Trail Boss | Crew Cab Short Bed | 4WD | Turbo 2.7L I4 L3B | $53,695 |
| Custom Trail Boss | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $55,490 |
| Custom Trail Boss | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $56,285 |
| Custom Trail Boss | Crew Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $53,995 |
| Custom Trail Boss | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $55,790 |
| Custom Trail Boss | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $56,585 |
| LT | Double Cab | 2WD | Turbo 2.7L I4 L3B | $49,895 |
| LT | Double Cab | 2WD | 5.3L V8 L84 w/10-speed | $51,490 |
| LT | Double Cab | 2WD | Turbo-diesel 3.0L I6 LZ0 | $52,285 |
| LT | Double Cab | 4WD | Turbo 2.7L I4 L3B | $53,195 |
| LT | Double Cab | 4WD | 5.3L V8 L84 w/10-speed | $54,790 |
| LT | Double Cab | 4WD | Turbo-diesel 3.0L I6 LZ0 | $55,585 |
| LT | Crew Cab Short Bed | 2WD | Turbo 2.7L I4 L3B | $52,295 |
| LT | Crew Cab Short Bed | 2WD | 5.3L V8 L84 w/10-speed | $53,890 |
| LT | Crew Cab Short Bed | 2WD | Turbo-diesel 3.0L I6 LZ0 | $54,685 |
| LT | Crew Cab Short Bed | 4WD | Turbo 2.7L I4 L3B | $55,595 |
| LT | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $57,190 |
| LT | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $57,985 |
| LT | Crew Cab Standard Bed | 2WD | Turbo 2.7L I4 L3B | $52,595 |
| LT | Crew Cab Standard Bed | 2WD | 5.3L V8 L84 w/10-speed | $54,190 |
| LT | Crew Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $55,895 |
| LT | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $57,490 |
| LT | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $58,905 |
| RST | Double Cab | 4WD | Turbo 2.7L I4 L3B | $54,195 |
| RST | Double Cab | 4WD | 5.3L V8 L84 w/10-speed | $55,790 |
| RST | Double Cab | 4WD | Turbo-diesel 3.0L I6 LZ0 | $56,585 |
| RST | Crew Cab Short Bed | 2WD | 5.3L V8 L84 w/10-speed | $54,895 |
| RST | Crew Cab Short Bed | 2WD | Turbo-diesel 3.0L I6 LZ0 | $55,890 |
| RST | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $58,195 |
| RST | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $59,190 |
| RST | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $61,310 |
| RST | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $58,495 |
| RST | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $60,110 |
| RST | Crew Cab Standard Bed | 4WD | 6.2L V8 L87 | $61,610 |
| LT Trail Boss | Crew Cab Short Bed | 4WD | Turbo 2.7L I4 L3B | $59,895 |
| LT Trail Boss | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $62,310 |
| LT Trail Boss | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $63,085 |
| LT Trail Boss | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $64,405 |
| LT Trail Boss | Crew Cab Standard Bed | 4WD | Turbo 2.7L I4 L3B | $60,195 |
| LT Trail Boss | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $62,610 |
| LT Trail Boss | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $63,405 |
| LT Trail Boss | Crew Cab Standard Bed | 4WD | 6.2L V8 L87 | $64,705 |
| ZR2 | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $73,395 |
| ZR2 Bison | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $78,490 |
| LTZ | Crew Cab Short Bed | 2WD | 5.3L V8 L84 w/10-speed | $59,095 |
| LTZ | Crew Cab Short Bed | 2WD | Turbo-diesel 3.0L I6 LZ0 | $60,090 |
| LTZ | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $62,395 |
| LTZ | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $63,590 |
| LTZ | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $64,890 |
| LTZ | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $62,695 |
| LTZ | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $63,890 |
| LTZ | Crew Cab Standard Bed | 4WD | 6.2L V8 L87 | $65,190 |
| High Country | Crew Cab Short Bed | 2WD | 5.3L V8 L84 w/10-speed | $63,995 |
| High Country | Crew Cab Short Bed | 2WD | Turbo-diesel 3.0L I6 LZ0 | $64,990 |
| High Country | Crew Cab Short Bed | 4WD | 5.3L V8 L84 w/10-speed | $67,495 |
| High Country | Crew Cab Short Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $68,490 |
| High Country | Crew Cab Short Bed | 4WD | 6.2L V8 L87 | $69,990 |
| High Country | Crew Cab Standard Bed | 4WD | 5.3L V8 L84 w/10-speed | $67,795 |
| High Country | Crew Cab Standard Bed | 4WD | Turbo-diesel 3.0L I6 LZ0 | $68,790 |
| High Country | Crew Cab Standard Bed | 4WD | 6.2L V8 L87 | $70,290 |
Notably, the refreshed 2022 Chevy Silverado 1500 introduced several pricing increases over the course of the 2022 calendar year, as GM Authority previously.
Among the changes debuting with the 2023 model year is the new Silverado ZR2 Bison, a next-level off-roader that follows in the footsteps of the Chevy Colorado ZR2, as well as the introduction of the new 3.0L I6 LZ0 turbodiesel Duramax engine, offered as the “second iteration” of GM’s diesel-powered 3.0L six-cylinder engine. Output for the new 3.0L I6 LZ0 is rated at 305 horsepower and 495 pound-feet of torque, a 10-percent increase in power and 7.6-percent increase in torque compared to the LM2 diesel engine offered previously.
The rest of the engine lineup includes the turbocharged 2.7L I4 L3B gasoline engine, the naturally aspirated 5.3L V8 L84 gasoline engine, and the naturally aspirated 6.2L V8 L87 gasoline engine. Under the skin, the 2023 Chevy Silverado 1500 rides on the GM T1 platform, with production taking place at the GM Fort Wayne plant in Indiana, the GM Silao plant in Mexico, and the GM Oshawa plant in Canada.
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Comments
I notice the lack of mention with the ZR2. Still undecided it seems.
I recently saw a guy refurbish his truck. Not for show, he did it to drive. He said, for a little less than $20,000 I can make my truck almost new again. Plus, if they outlaw gasoline vehicles? I’m only out $20,000 vs $60,000.
This will be big business in the future.
There’s a variation on that theme that’s been around for decades. In the 1980s, there was a big shop someplace off the Santa Monica Freeway (I-10) that had racks and racks of various air-cooled VWs. Lots of 411s and 412s, bugs, buses, and a few Karmann Ghias. They essentially “zero-timed” all the mechanical bits, painted the cars, fixed up the interiors, and you got a car for a lot less than a new one, and with a known repair history unlike a used one off some lot pr from a private party.
Further variation: the Studebaker dealer in Hollywood bought up radiators, crash parts, gasket kits, rebuild kits, and all manner of other factory parts when Studebaker was preparing to go out of the automobile business. They were able to continue servicing and repairing Studebakers for many years after.
Bet it won’t be the last price increase, either.
Geeze, that only took two months. I bet the price will be 10 percent higher at the end of the MY compared to the beginning.
They need to be decreasing the price not increasing. 2008 ring a bell????? Cut the money pit EV’s and churn out money makers at prices people can afford. If the current leadership at GM doesn’t, then the bankruptcy oversight will…. And the leadership will be out of a job. If they change course now, at least they will still have a job when this is all over.
I agree with what you are saying to an extent. Keep in mind with prices increasing the way they are, you could very well be spending $4k more on the same new truck next year. That $2,400 saved will cost you a net $1,600 vs buying now. Opportunity cost.
By then, though, you might actually get a fresh truck with all of the parts installed.
GM is going to price itself right out of business. How do they expect the average consumer to purchase these vehicles, especially the trucks. These are their bread and butter, yet they couldn’t even offer a good Black Friday sale. I own a ‘21 LT Trail Boss , the same equipped truck today is SIX Thousand Dollars more. Plus they get worse MPG . This is why the other companies are blowing you out of the water GM. Hopefully someone from upper management gets a good look at this comment, maybe they don’t care?
they dont care, corporate stupidity is alive and well at GM.. Mary is the head “stupid” one. In bed with the green people who want to push EV down our throats. ICE vehicle sales are used to fund their EV development.
Has anyone else thought that automotive manufacturers are raising ICE vehicles on purpose to steer buyers toward EVs?
Have you even shopped the other truck brands GM, all have gone up in price!
These gm upper management, who produce no actual value to the brand, are beyond greedy. I hope the get what is coming to them.
For the last two years our government has done one thing: print money! That, along with restricting access to open leases for oil / gas equals inflation. GM is no different than anyone else when it comes to price increases. Social Security has just been increased 8.3% because of inflation, the second highest increase on record.
We wont see this increase until first checks in February 2023 and medicare insurance will also go up by around $ 20 bucks a month reducing the raise…I expect to see $135 more per month in my SS check…if we get it, when we get it. every time we get a increase insurance goes up! That’s just enough to cover 50% of high gas price increases and nothing for food….it is like a loaf of bread, you take out 3 pcs and feed the birds in the park and take the rest back and let the birds starve rest of the week. got to make that loaf of bread last all month….so I can afford a little more gas to get to the store but can’t buy any thing to eat, except maybe an extra loaf of bread to feed the birds….
Greedy aren’t they!
With the outrageous prices of new vehicles and the upwards trend in those prices, I’d rather just buy an old truck and dump money into making it pretty much new again. It’d be cheaper and far more reliable.
If I had my d’ruthers, I’d get a GMC or Chevy of the era that included the 1992s. Not sure when that series came out (1988?). Timeless style, easy to work on, roomy, and although everyone laughed at the “plastic!” buttons and controls, they passed the test of time.
Already overpriced. There price increases are going to hurt them in low sales.
As Richard stated, keep the old beast & fix it up to go another 10 yrs.
May not have the newest look & gadgets, but your wallet will love you.
WOW!!!!….Another Price Increase?…Can We Make It Monthly??…Thanks GM For Teaching Me How To Hold On To The Truck I Have!
YUP ! My 2014 Silverado HighCountry 6.2 loaded cost just shy of $60k. the same truck today cost $78k….you r right ….I will keep mine and drive it till I die and meet my maker….
It really doesn’t matter. You can buy one anyway
I own a 21 Silverado 1500 Duramax l. Bought it new last year for 45k out the door. That was before GM went bonkers on these price increases. It’s not a matter of what one can afford, it’s a matter of how stupid you are to keep playing their game.
Blame Brandon not GM.
More Political BS That Answers All Of Our Problems!!!…CLASSIC!
Not again! I’m waiting for the recession and the return of rebates.
Rebates???….They Increase The Prices Dramatically, So When They Give Token Discounts They Don’t Lose A Dime.
A Feel Good Token Discount!…The GM Way!
Ha mine has gone up almost $2,000 since I first built it and the order is just sitting
Got to make some room for the inevitable cash incentives coming up in the endless truck months ahead.
These increases are all due to these high volume sellers to fund all their EV Bull-S. It’s all going to fail with no charging infrastructure and no way for people in the inner city or apartments to charge their vehicles overnight. Ten minutes at gas station sure the heck beats the crap out of waiting for hours to charge up your electric vehicle. Yes, I know some that will charge up to 60 – 80% in less than an hour, but now you have to do charge them up more often. Until they have inductive charging in the streets or parking lots, these EV sales will hit a wall, especially when the government starts charging them for miles driven to make up for the road taxes collected from gasoline sales that they are losing to EV usage.
Time will tell if pent up demand will settle for these prices and the new 96 month loan, or whether GM has the massive rebates come recession time.
I have been waiting for a double cab Silverado 1500 lt since 2020 but could not find one equipped to my liking. Because of the covid and layoffs GM was only building crew cabs since they were top sellers. Then this year GM kept publishing that double cab production would start in July, then August then September, then October then November, but only a few work trucks could be found. I placed an order for a 2023 Silverado Double cab 1500 LT re-make in July, but the order has not been processed or gone through for why I don’t know. Has to do with chips and equipment. So, with the riots in China and the already existing shortage of chips. What happens if a chip goes bad on your new truck? I guess it’s time to cancel the order and invest about $8,000.00 and do a re-make of my 2011 Silverado Double Cab 4×4 Z-71.
“I guess it’s time to cancel the order and invest about $8,000.00 and do a re-make of my 2011 Silverado Double Cab 4×4 Z-71.”
If it hasn’t been crashed hard; if at worst there may be some surface rust, and is in sound condition otherwise, why not? If you like the truck and can spare the down-time, it’d be a good way to go.
What’s surprising to me is the cost of raw materials are declining (https://tradingeconomics.com/commodity/steel), (https://tradingeconomics.com/commodity/aluminum). I get that the cost of capital is higher, but we’re talking a fed funds rate ~4%. Historically not very high. I have noticed rebates started to creep up a bit (~$3500 combined offers) but the sticker has really outgrown the market and I’m surprised banks are even lending at these values knowing depreciation in 5 years will put most owners under water pretty significantly. I’m not talking 5k. More like 20. Considering most Americans don’t have that in a savings account puts GM in no mans land. Not looking good for Ultium either — those costs are astronomical….
Ben B,
I couldn’t agree more. I live in Indiana where a lot of GM trucks are built. I recently had the occasion while driving to Tennessee to drive by a shuttered GM factory in Kokomo IN where a lot of the build shy trucks are stored until the parts are ready. (A factory I’m told they used to operate for the manufacture chips ironically) The trucks are stored outside in the elements with absolutely no protection whatsoever. GM is a hail storm away from losing is a$$ on all this unsold inventory. Time for some changes.