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Do Chevy Trucks Hold Their Value?

chevy truck towing construction equipment

Chevy trucks, especially the Silverado 1500, retain value at rates close to the full-size truck average, and the heavy duty Silverado HD holds value better still. They won't win the outright resale crown, but they're a smart, defensible choice for anyone who wants dependable value retention without overpaying at trade-in time. Yes, Chevy trucks hold their value well, though there are a few caveats worth understanding before you buy or trade.

Ready to compare trucks in person? You can browse new inventory or check used inventory at Turan-Foley Chevrolet Buick in Gulfport.

Do Chevy Trucks Hold Their Value? The Honest Answer

Mostly yes, with some fine print. According to iSeeCars, the average new vehicle loses 41.8% of its value over five years, while the average new truck depreciates only 34.2% in that same window. Pickups, along with sports cars, consistently outperform luxury cars and minivans when it comes to holding value, and that category advantage carries over to Chevy specifically.

The Silverado 1500 retains 60.7% of its value after five years, per iSeeCars, just shy of the full-size truck average of 61.7%. That's a solid showing even if it's not the top of the leaderboard. Reliability helps the case too. The 2026 J.D. Power Vehicle Dependability Study ranked the Silverado second in the Large Light Duty Pickup segment, behind the Ram 1500 but ahead of the Ford F-150 and GMC Sierra. At the brand level Chevrolet finished ahead of all three, with 178 problems per 100 vehicles against 216 for Ram, 228 for Ford, and 229 for GMC.

How Chevy Silverado Resale Value Compares to the Competition

Resale numbers only mean something when you stack them against what else is on the lot.

Silverado 1500 vs. Toyota, Ford, and Ram Resale Rankings

Kelley Blue Book's 2026 Best Resale Value Awards named Toyota the top brand for resale value for the sixth consecutive year, with the Toyota Tacoma leading truck nameplates at roughly 63% retained value after five years and the Toyota brand averaging 53% overall. Chevy isn't the category winner in KBB's rankings this year.

That said, the full picture is closer than the brand awards suggest. iSeeCars ranks the Toyota Tundra first among full-size trucks at 78.6% retained after five years, with the Ram 1500 at 62.2%, the Ford F-150 at 62.1%, the GMC Sierra 1500 at 61.8%, and the Silverado 1500 at 60.7% against a category average of 61.7%. That puts four half-tons within two points of each other, which means resale alone is not what separates them.

Where Chevy does pull ahead is long-term dependability. In the J.D. Power 2026 U.S. Vehicle Dependability Study, Chevrolet posted 178 problems per 100 vehicles, better than Ram at 216, Ford at 228, and GMC at 229.

Why Pickups in General Hold Value Better Than Most Vehicles

Trucks hold value because they're useful long after the warranty expires. A truck with a dented tailgate can still haul lumber or tow a boat, so buyers don't discount them as harshly as they would a sedan with cosmetic wear. Towing capacity, bed space, and 4WD availability keep demand steady among contractors, farmers, and weekend haulers alike, which props up resale prices across the board.

Resale Value Across the Chevy Truck Lineup

Not every Chevy truck depreciates at the same rate. Trim, powertrain, and segment positioning all matter.

Chevy Silverado 1500

The Silverado 1500 retains 60.7% of its value at the five-year mark, according to iSeeCars, with depreciation climbing from 28.2% at three years to 49.8% at seven years and 62.2% at ten years. It's offered across nine trims: WT, Custom, LT, RST, LT Trail Boss, Custom Trail Boss, LTZ, ZR2, and High Country, with towing capacity reaching 13,300 lbs when equipped with the 3.0L Duramax turbo-diesel.

Chevy Silverado HD

The Silverado HD is where Chevy's resale story gets stronger. The 2500HD retains about 74% of its value after five years per iSeeCars, roughly 13 percentage points better than the Silverado 1500's 60.7%. Heavy-duty trucks hold value better as a class, with a segment average of 77%. The Duramax 6.6L Turbo-Diesel V8 produces 470 hp and 975 lb-ft of torque paired with the 10-speed Allison transmission, and Crew Cab 2500HD models tow up to 22,070 lbs. Step up to a 3500HD dually with the Duramax and towing clears 30,000 lbs.

Chevy Colorado

The Colorado holds up relatively well too, retaining 62.1% of its value after five years. Its depreciation rate runs faster than the midsize category average (37.9% versus 29.6%), yet its resale percentage still lands above the Silverado 1500's. Six trims are available: WT, Custom, LT, Trail Boss, Z71, and the off-road-ready ZR2, all powered by the 2.7L TurboMax four-cylinder making 310 hp and 430 lb-ft of torque.


Model

Powertrain

Max Towing

Trim Range

Est. 5-Year Resale %

Silverado 1500

EcoTec3 V8 / 3.0L Duramax

13,300 lbs

WT to High Country

60.7%

Silverado HD (2500HD)

6.6L Duramax Turbo-Diesel V8

22,070 lbs (up to 30,000+ dually)

WT to High Country

68%

Colorado

2.7L Turbo 4-cyl

7,700 lbs

WT to ZR2

62.1%

Key Factors That Affect Your Chevy Truck's Resale Value

Resale value isn't fixed. It moves based on specific, controllable factors.

Mileage, Condition, and Maintenance Records

Kelley Blue Book points to make, model, age, mileage, and overall condition at the time of trade as the primary drivers of depreciation, along with maintenance and accident history. A truck with documented maintenance and lower mileage will always outperform an otherwise identical model without that history.

4WD, Engine Choice, and Towing Packages

Four-wheel drive and towing equipment add resale value, and 4WD stays in high demand among commercial, rural, and off-road buyers specifically. Silverado is offered in 2WD and 4WD with no all-wheel-drive option, so 4WD is the box that matters here. If you're deciding between trims now, options like the Max Trailering Package can pay off later.

Cab and Bed Configuration

Payload varies meaningfully by cab style, and lighter configurations carry more. Chevrolet rates the 2026 Silverado 1500 at up to 2,260 lbs of max available payload, reached with the TurboMax engine in a Regular Cab Long Bed 2WD build. Crew Cab and 4WD trucks come in lower because the truck itself weighs more. The Durabed includes 12 standard tie-downs rated at 500 lbs per corner, a detail work-truck buyers notice and value.

Gulf Coast Demand for Work and Personal-Use Trucks

Here on the Mississippi Gulf Coast, local conditions shape resale value in ways national averages don't always capture. A few things to keep in mind if you're in Gulfport, Biloxi, Ocean Springs, D'Iberville, or nearby communities:

  • Humidity and coastal salt exposure increase corrosion risk, so undercarriage condition matters more here than in drier climates.

  • Towing and hauling demand stays high locally, driven by boat owners and trailer users along the coast.

  • Personal-use and work-truck demand both remain strong, keeping resale prices for well-maintained trucks competitive in the Gulfport market.

Nationally, the personal-use segment of the pickup market is expected to dominate with a 61% share and a 2% compound annual growth rate from 2026 through 2035, according to Global Market Insights, pointing to steady demand for trucks like the Silverado for years to come.

Curious about financing before you commit? You can check pre-approval options with our team.

Tips to Maximize Your Chevy Truck's Value at Trade-In

A few practical habits go a long way toward protecting your truck's value, whether it's a Silverado 1500, Silverado HD, or Colorado. Keep a digital service log rather than relying on paper receipts that can get lost. Choose neutral exterior colors when you buy, since they tend to attract more buyers at resale.

Avoid non-reversible lift kits or bed modifications, which can shrink your buyer pool. Address minor repairs before you trade in rather than letting them accumulate, and always detail the truck thoroughly before an appraisal. These small steps often make a bigger difference than owners expect.

Timing matters too. Depreciation is front-loaded in the first five years of ownership, so trading in earlier typically captures more retained value. It's also worth considering a trade ahead of a major model redesign, since outgoing generations can lose value faster once a new one arrives, or during periods of high local seasonal demand when buyers are actively searching.

New vs. Used Chevy Trucks: Which Retains More Value

New trucks lose value fastest in their first couple of years, which is exactly why used-truck demand keeps growing. Buying a truck that's already two years old lets you skip the steepest part of the depreciation curve. Certified Pre-Owned programs have made this an easier decision too, since franchised dealers now offer warrantied CPO vehicles that add a layer of trust buyers didn't always have in the used market. A well-maintained used Silverado can be one of the best value options available if you're weighing long-term resale against upfront cost.

Get a Free Trade-In Value Estimate at Turan-Foley Chevrolet

Why Get an Estimate

We offer free trade-in value estimates at Turan-Foley Chevrolet Buick in Gulfport, so you don't have to guess what your Chevrolet is worth right now. Our team looks at your truck's mileage, condition, trim, and local market demand to give you a clear, honest number.

Start the Process

You can get your trade-in value online in a few minutes, or contact us directly if you have questions about your specific model. As a family-owned dealership serving Gulfport and the surrounding Gulf Coast for more than 50 years, we treat every trade-in conversation the way we'd want our own family treated: straightforward, no pressure, no runaround.

Frequently Asked Questions About Chevy Truck Resale Value

Does Chevy or Toyota have better resale value? Toyota currently holds the resale crown according to Kelley Blue Book, with the Tacoma leading all 2026 nameplates. That said, the Silverado 1500 sits within a point of the full-size segment average per iSeeCars, and Chevrolet outscored Toyota's domestic rivals on brand dependability in the J.D. Power 2026 study.

How does the Silverado 1500 compare to the full-size truck category average? The Silverado 1500 retains 60.7% of its value after five years, just under the full-size average of 61.7%, according to iSeeCars. It's nearly on par with the segment as a whole.

Is the Silverado HD a better resale investment than the 1500? Yes, by a notable margin. The Silverado 2500HD retains about 74% of its value after five years compared to roughly 60.7% for the 1500, a difference of more than 13 percentage points.

What hurts truck resale value the most? High mileage, poor condition, incomplete service history, non-reversible modifications, and low reliability or desirability all drag down resale value, according to Kelley Blue Book's depreciation factors.


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What is Chevy's TurboMax Engine?

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Why Your Chevy EV Isn't Charging

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Also verify that your home circuit breaker hasn't tripped. These small details cause a surprising number of "why is my Chevy EV not charging" moments and take only seconds to rule out. Step 1 — Disconnect and Reconnect the Charging Plug A loose or improperly seated connector is one of the most frequent causes of a failed charge session. The connection between your Chevy EV and the charger needs to be firm and complete to allow power to flow. If the plug was rushed in at an angle or bumped after being connected, the session may have never actually started. How to Properly Reseat the Connector Unplug the charging cable completely from the vehicle's charge port. Inspect both the plug and the port opening for debris, moisture, or visible corrosion. Firmly reinsert the connector until you hear or feel a click confirming a secure latch. Avoid pulling the cord at any angle once seated, since tension on the cable can break the connection. If the port feels stiff or the connector is difficult to seat, do not force it. Inspect the port carefully before trying again. What the Charge-Status Light Is Telling You The charge-status indicator light on the top/center of your EV's instrument panel communicates whether the vehicle is actively charging, done charging, or flagging an error. A flashing green light means the vehicle is connected and the battery is actively charging. A solid green light means charging is complete. If the indicator shows an error state, this often points to a connection issue between the vehicle and the EVSE, meaning the two could not establish proper communication. A flashing red light signals a problem that may require further diagnosis or a visit to our service department. Step 2 — Confirm Your Chevy EV Is Not Set to Delayed Charging Delayed charging is a useful feature that lets you schedule charging during off-peak electricity hours to save money. But it also means your Chevy EV can sit plugged in for hours without drawing any power, which is easy to forget. If you set a schedule and later found your Bolt EV or Equinox EV wasn't charging, a delayed-charge setting is often the culprit. How to Check and Clear a Scheduled Charge in the myChevrolet App Open the myChevrolet app and go to the charging settings for your vehicle. Look for any active charging schedule and check whether "Departure Time" or "Off-Peak Charging" is enabled. If you need to charge immediately, tap the option to charge now to override the schedule. You can also clear the schedule from the infotainment screen inside the vehicle. The session should begin within a few moments of confirming the change. Step 3 — Rule Out Home-Outlet and Cord Problems When it comes to Chevy EV charging issues at home, the setup matters as much as the car itself. A standard 120-volt household outlet can charge most Chevy EVs, but it charges slowly and can be sensitive to electrical issues in your home. A Level 2 home charger, which runs on 240 volts, delivers faster results but requires proper installation. Either way, problems with your outlet or EVSE can mimic a car-side fault and mislead your diagnosis. Why Chevy Says to Avoid Extension Cords and Power Strips Using extension cords, power strips, or adapters when charging your Chevy EV is genuinely risky. These accessories are not rated for the sustained electrical load that EV charging demands. They introduce resistance and inconsistency into the power supply, which can cause overheating, tripped breakers, or damage to your onboard charger. Chevrolet specifically advises against all of them. Always plug your charging cable directly into a dedicated wall outlet or a hardwired Level 2 charging unit. How to Test Whether Your Outlet or EVSE Is Delivering Power If you suspect a charging station isn't sending power, plug a different appliance into the same outlet to confirm it receives power at all. For Level 2 chargers, check the unit's indicator lights, since most EVSEs display faults or readiness through their status lights. If you see a message indicating the charge station is not powered, the issue is most likely with the outlet or charger rather than the car. Resetting your circuit breaker and the EVSE unit often resolves this quickly. If you've ruled out home-side issues and your Chevy EV is still not charging, our service department can run a full diagnostic on the vehicle's charging system. Step 4 — Cold-Weather Charging Issues and What to Do Cold temperatures affect EV batteries in real ways. Lithium-ion cells charge more slowly and less efficiently when cold, and some Chevy EVs will automatically limit charging speed to protect the battery in low temperatures. If your car seems to be charging unusually slowly or not at all during a cold snap, the weather itself may be the explanation. Ice or Snow Blocking the Charge Port Ice buildup around the charge port is a straightforward but often missed issue. Even a thin layer of ice can prevent the connector from seating fully, breaking the electrical connection before charging can begin. Always clear ice and snow from the charge port area before attempting to plug in. Never use sharp tools to chip away ice near the port. Pouring warm water carefully over the port opening is a safer approach when conditions have been especially harsh. Using Battery Preconditioning Before a Fast-Charge Session Battery preconditioning warms the battery to an ideal temperature range before charging begins, which makes DC fast-charging significantly more effective in cold weather. On supported Chevy EV models, you can activate preconditioning by tapping the Charging App icon on the vehicle's center display and selecting Fast Charge Prep from the Settings menu. On vehicles with Google built-in, routing to a DC fast-charging station using in-vehicle Google Maps can also trigger automatic preconditioning. The car will begin warming the battery automatically before you arrive. We recommend using this feature regularly during winter months if you rely on public fast chargers along the Mississippi Gulf Coast. When the Problem Is Not a Quick Fix: Warning Signs to Watch For Some charging issues point to a deeper problem that simple troubleshooting won't resolve. If you consistently see a Chevy EV charging interrupted message after ruling out the steps above, something within the charging system may need inspection. A few specific warning signs deserve prompt professional attention: A flashing red charge indicator that reappears after resetting. Repeated charging interruptions with no obvious cause. An EV warning light on the dashboard alongside a charging fault. A charge port that no longer latches or releases properly. Visible damage to the charge port or connector. These are not DIY situations. High-voltage EV components require trained technicians with proper tools and safety equipment. Attempting repairs on these systems without that background creates serious safety risks. Schedule EV Diagnostics at Turan-Foley Chevrolet If you've worked through each step and your Chevy EV still isn't charging the way it should, our Certified Service team at Turan-Foley Chevrolet in Gulfport is ready to help. Our technicians work on Chevy EVs regularly and have access to GM-approved diagnostic tools designed specifically for these vehicles. What Our Service Team Can Do We can run a full diagnostic on your vehicle's charging system, handle charging component repairs, and source genuine GM parts when needed. Whether you're dealing with a Bolt EV charging fault, an Equinox EV that won't initiate a session, or a Chevy EV warning light that keeps returning, we have the equipment and training to find the cause. Service Hours and How to Reach Us Our service department serves drivers throughout Gulfport and the Mississippi Gulf Coast with the following hours: Monday through Friday: 7:00 am to 7:00 pm Saturday: 7:00 am to 4:30 pm Call our service team directly at 228-206-0327, or schedule your EV diagnostic appointment online at your convenience. You can also contact us with any questions before your visit. We're here to get you back on the road with confidence.