Depreciation
The depreciation graph and accompanying table on our page detail how the 2021 CHEVROLET SILVERADO 1500's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2021 CHEVROLET SILVERADO 1500 in 2021 was $48,170.
The average price for used 2021 CHEVROLET SILVERADO 1500 nowadays in 2024 is $38,605 which is 80% from the original price.
Estimated mileage driven per year is 10,178 miles.
The graph below is a depreciation curve for 2021 CHEVROLET SILVERADO 1500. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2021 CHEVROLET SILVERADO 1500 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2021 MSRP | 0 mi | $48,170 | — | — | 100% | 0% |
| 2021 | 10,178 mi | $54,495 | −$6,325 | −13.13% | 113.13% | -13.13% |
| 2022 | 20,356 mi | $47,998 | +$6,497 | +11.92% | 99.64% | 0.36% |
| 2023 | 30,534 mi | $43,990 | +$4,008 | +8.35% | 91.32% | 8.68% |
| 2024 | 40,712 mi | $38,605 | +$5,385 | +12.24% | 80.14% | 19.86% |
| 2025 | 50,890 mi | $35,884 | +$2,721 | +7.05% | 74.49% | 25.51% |
| 2026 | 61,068 mi | $32,990 | +$2,894 | +8.06% | 68.49% | 31.51% |
| 2027 | 71,246 mi | $28,902 | +$4,088 | +12.39% | 60% | 40% |
| 2028 | 81,424 mi | $26,988 | +$1,914 | +6.62% | 56.03% | 43.97% |
| 2029 | 91,602 mi | $24,796 | +$2,192 | +8.12% | 51.48% | 48.52% |
| 2030 | 101,780 mi | $21,997 | +$2,799 | +11.29% | 45.67% | 54.33% |
| 2031 | 111,958 mi | $19,951 | +$2,046 | +9.3% | 41.42% | 58.58% |
| 2032 | 122,136 mi | $16,263 | +$3,688 | +18.49% | 33.76% | 66.24% |
| 2033 | 132,314 mi | $14,999 | +$1,264 | +7.77% | 31.14% | 68.86% |
| 2034 | 142,492 mi | $13,990 | +$1,009 | +6.73% | 29.04% | 70.96% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET SILVERADO 1500’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2021 CHEVROLET SILVERADO 1500. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2021 CHEVROLET SILVERADO 1500 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $40,954 | 41 sales |
| 10,000 mi | $45,499 | 112 sales |
| 15,000 mi | $42,551 | 253 sales |
| 20,000 mi | $41,497 | 481 sales |
| 25,000 mi | $41,500 | 687 sales |
| 30,000 mi | $40,740 | 837 sales |
| 35,000 mi | $40,250 | 808 sales |
| 40,000 mi | $39,499 | 639 sales |
| 45,000 mi | $38,539 | 532 sales |
| 50,000 mi | $37,984 | 420 sales |
| 55,000 mi | $38,224 | 296 sales |
| 60,000 mi | $36,413 | 272 sales |
| 65,000 mi | $35,877 | 185 sales |
| 70,000 mi | $35,519 | 203 sales |
| 75,000 mi | $33,995 | 139 sales |
| 80,000 mi | $33,995 | 101 sales |
| 85,000 mi | $33,989 | 102 sales |
| 90,000 mi | $29,998 | 89 sales |
| 95,000 mi | $32,022 | 66 sales |
| 100,000 mi | $29,995 | 58 sales |
| 105,000 mi | $28,995 | 63 sales |
| 110,000 mi | $29,900 | 35 sales |
| 115,000 mi | $30,000 | 23 sales |
| 120,000 mi | $28,896 | 24 sales |
| 125,000 mi | $27,742 | 15 sales |
| 130,000 mi | $27,000 | 19 sales |
Frequently asked questions
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
Other years of CHEVROLET SILVERADO 1500
1997 CHEVROLET SILVERADO 1500
$9,500 average used price
2,300+ sales records
2001 CHEVROLET SILVERADO 1500
$7,995 average used price
9,300+ sales records
2003 CHEVROLET SILVERADO 1500
$8,500 average used price
17,300+ sales records
2006 CHEVROLET SILVERADO 1500
$9,800 average used price
27,300+ sales records
2018 CHEVROLET SILVERADO 1500
$28,902 average used price
388,600+ sales records
2024 CHEVROLET SILVERADO 1500
$54,495 average used price
15,800+ sales records
Similar Models
2023 CHEVROLET CORVETTE
$82,165 MSRP
$85,532 average used price
8,300+ sales records
2023 CHEVROLET TAHOE
$63,270 MSRP
$66,995 average used price
4,400+ sales records
2023 CHEVROLET BLAZER
$39,115 MSRP
$33,999 average used price
960+ sales records
2024 CHEVROLET TRAILBLAZER
$27,063 MSRP
$26,739 average used price
5,500+ sales records
2024 CHEVROLET CORVETTE
$82,165 MSRP
$86,950 average used price
4,500+ sales records
2024 CHEVROLET TAHOE
$63,270 MSRP
$73,495 average used price
4,800+ sales records
