2023 Chevy Silverado 1500 Gets Price Increase In November

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:

2023 Chevy Silverado 1500 Starting MSRPs
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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2023 Chevy Silverado 1500 Photos
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Jonathan is an automotive journalist based out of Southern California. He loves anything and everything on four wheels.

Jonathan Lopez

Jonathan is an automotive journalist based out of Southern California. He loves anything and everything on four wheels.

View Comments

  • 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.

      • 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.

  • 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.

    • 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?

  • 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....

    • 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.

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