The 2023 Chevy Silverado Has a Surprising Win in 1 Crucial Area
We’re here to celebrate the Chevrolet Silverado because it gets to flex over its rivals like the Ford F-150 and Ram 1500. The battle between trucks is consistently changing due to fresh updates and more power, but the 2023 Chevy Silverado wins in one unexpected area.
The 2023 Chevy Silverado is the most reliable full-size truck
The numbers don’t lie, and the 2023 Chevy Silverado currently ranks as the most reliable full-size truck. According to J.D.Power, it has a reliability score of 87 out of 100. This means it’s in the above-average category.
Scores between 81 and 90 are above average, anything between 70 and 8 is average, and rankings between 91 and 100 are best.
In recent years, the Silverado hasn’t had the best reputation for reliability. The 2019 model earned a score of 79 from J.D.Power. But it looks like the hard work is paying off after receiving substantial upgrades and improvements.
The 2023 Ford F-150 earned a score of 86, so it’s pretty close to second place. Also, the 2023 Nissan Titan is hanging around with an 85. The 2023 Ram 1500 has a reliability rating of 80, so it’s in the average category, and the 2023 Toyota Tundra earned a 70.
These rankings are based on surveys sent to owners of previous model years. The questions cover everything from the paint, windshield wipers, engine, interior quality, and electronics. It allows actual drivers to report their experiences.
The average Silverado truck is expected to make it over 200,000 miles, but it’s not unheard of for some models to surpass 300,000 miles. This truck can provide roughly 20 years of service on the road.
What’s new for the 2024 Silverado?
It might be worth it to consider waiting for the 2024 Chevy Silverado to arrive. It’s primarily a carryover model, but two new shades of paint include Lakeshore Blue and Slate Grey.
The Midnight Package can be added to the High Country trim, and the Blackout appearance package is now available for the Custom, Custom Trail Boss, and LT Trail Boss models.
Onstar and wireless Apple CarPlay/Android Auto is now standard across the lineup. Plus, the 6.2-liter V8 has an active exhaust to sound more aggressive.
The 2.7-liter four-cylinder engine was renamed the TurboMax, and the ZR2 trim can be paired with the turbo-diesel engine.
Basically, the 2024 Silverado 1500 comes with more customization options. The 2023 Silverado starts at $36,300, and the 2024 model has an MSRP of $36,800. You might be able to find a good deal as 2023 models are cleared off the lot to make space for the updated trucks.
Does the Silverado 1500 have a good resale value?
The 2023 Chevy Silverado 1500 has a solid resale value. It’s expected to depreciate by about 22% after five years of ownership to maintain a $44,093 resale value. The Silverado is ranked slightly ahead of the Ford F-150, beating it by three points.
Also, the average insurance cost for the Silverado is $1,858 per year. This adds up to a five-year cost of about $9,290. However, you might be able to shop around for better rates.
The average annual maintenance cost for the Chevy Silverado is around $714, which is slightly above the average yearly maintenance cost of $650 for other new vehicles.
The 2024 Silverado is expected to carry over its high-reliability score, but the 2024 F-150 just got a mid-cycle refresh. It could beat the Silverado, so stay tuned for updates.