GM announces pricing for 2014 Chevy Silverado, GMC Sierra 1500

Updated Apr 15, 2013

2014 Chevrolet Silverado LTZBack in December, we got our first look at GM’s first redesign of the Chevy Silverado and GMC Sierra in seven years. And now we know how much they’ll cost, the type of power they’ll put out and what kind of mileage you can expect.

The 2014 Chevrolet Silverado 1500 will start at $24,585. That includes the $995 destination fee. The double-cab model is priced at $28,610 and the crew cab model is priced at $32,710. Just add $500 to get to the price of each corresponding model of the 2014 Sierra.

GM has not yet released information about the base 4.3-liter V-6 or 6.2-liter V-8. The company it expects its new 5.3-liter EcoTec3 V-8 engine to power three out of four Silverado 1500s.

But a pretty surprising development in that storyline is the 23 mpg highway rating which was recently announced. As GM pointed out in the announcement, that V-8 fuel rating “beats the EPA estimates for the 2013 Ford EcoBoost turbocharged V-6 for both 2wd and 4Ă—4 models” by 1 mpg.

The V-8 will get 22 mpg on the highway in the Silverado and Sierra 4WD models.

In terms of power, the 5.3-liter V-8 is certified at 355 horsepower and 383 pound feet (lb-ft) of torque, “with more than 300 lb-ft of torque available from 2,000 to 5,600 rpm for responsive performance under a broad range of real-world conditions.”

Both the Silverado and Sierra have a maximum payload of 2,102 pounds and a max towing capacity of 11,500 pounds.