The Chevrolet Silverado is one capable pickup – and it’s beloved by many drivers. With tough towing capacity, luxury features and details from the interior outward, and the ability to make your hard work easier, the Silverado has long been an in-demand truck. However, right now, things are changing. And dealerships are now offering lower prices on the Silverado. If you search online, you can look for the latest deals and incentives offered on various Chevrolet Silverado models.

As one of America’s most popular pickup trucks, the Chevrolet Silverado may not see slow sales for very long. That means that any offers, discounts, and deals are likely to be limited or end quickly. Search online to see what local dealerships are offering on the Chevrolet Silverado.

Sales Are Slowing for Chevrolet Dealerships

Auto dealerships have to sell the vehicles on their lots. That’s no secret – if cars don’t sell, the dealership and the automaker won’t make money. It’s why dealerships are so willing to start dropping prices and offering discounts when cars have been sitting on their lots for quite some time.

And when it comes to the Chevrolet Silverado, dealerships may need to start offering discounts. Though the Silverado is typically an in-demand model, sales have slipped recently. 

During the second quarter of 2020, the Chevy Silverado saw sales decrease by 14 percent compared to the number of trucks sold in the last months of 2019. Even the most popular Silverado, the Silverado 1500 light-duty pickup, saw a significant drop – that model alone saw sales drop by over 18 percent. Heavy-duty trucks like the Silverado 2500HD fared a bit better.

When sales fall like this, it’s almost a sure bet that dealerships will try to incentivize buyers with deals and discounts. From cash back offers to dollars off to free options and packages, you may be able to get a new Silverado without spending too much.

The Silverado is One Tough Pickup Truck

If you’re hoping to get a Chevrolet Silverado for less due to sales decreasing, you’ll get quite a lot for your money. It’s a great truck to buy when you can afford it – and it offers excellent value.

According to Kelley Blue Book, the Chevrolet Silverado is one of the lowest-cost trucks to own. Based on the cost of owning a truck over five years, the Silverado is the most affordable to own. It costs, on average, just $47,697 over the first five years.

And the Silverado is also typically one of the lowest-priced trucks to purchase new. Overall, this makes the Ram 1500 and Ford F-150 more expensive than the Silverado both in purchase price and cost of ownership.

Even more importantly, buying a Silverado is a smart investment. The Chevrolet Silverado 1500 has one of the highest towing capacities in its class, and it excels in towing performance as well as engine power. It’s such a workhorse that it beats out its rivals in resale value. On average, you can get as much as 60 percent of the value back when you sell a Silverado.

So, if you’re thinking about buying a Silverado, you’ll want to keep an eye out for discounts. With slower-than-usual sales happening, you may be able to get an even better deal with dealerships offering incentives and lower prices.

How to Find Potential Deals on the Chevrolet Silverado

How can you find the deals and discounts that might be available as the result of slow sales? You’ll want to search online.

Today, most dealerships offer their latest incentives and discounts online. So, if you search online, you can find up-to-date deals that are available in your local area. Make sure to compare different options from different dealerships, as you can use all of this information to negotiate a deal that’s potentially even better.

For example, right now you can take advantage of both lease deals and purchase deals on the Chevrolet Silverado. Many dealerships are offering a factory rebate on the 2020 Silverado 1500, giving you up to $4,500 cash back. Want to lease? You can lease a 2020 Silverado Crew Cab model starting at $229 per month for 24 months.

You can also look for financing deals available for qualified buyers at your local dealership. Remember, deals, discounts, and offers change regularly. That’s why you should always take the time to search online. As sales change and dealerships face the ups and downs of potentially slow sales, you may be able to find big discounts and great offers that make owning a new Chevrolet Silverado affordable for your budget.

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Heather Fishel is a freelance writer who writes for many different interests and audiences. She’s covered topics ranging from productivity to psychology to education to finance on sites that include WonderHowTo, War History Online, Niche, and Livestly. She is the author of Fidget!, a nonfiction book that examines the connections between creativity, focus, and the brain.