GMC Sierra 1500 Depreciation

A GMC Sierra 1500 will depreciate 31% after 5 years and have a 5 year resale value of $31,276.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $45,099 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,056 88.79% $40,043 13,500 2021
2 $7,513 83.34% $37,586 27,000 2022
3 $10,256 77.26% $34,843 40,500 2023
4 $12,479 72.33% $32,620 54,000 2024
5 $13,823 69.35% $31,276 67,500 2025
6 $16,380 63.68% $28,719 81,000 2026
7 $22,387 50.36% $22,712 94,500 2027
8 $23,704 47.44% $21,395 108,000 2028
9 $25,481 43.50% $19,618 121,500 2029
10 $27,713 38.55% $17,386 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $5,056 88.79% $40,043
2 $7,513 83.34% $37,586
3 $10,256 77.26% $34,843
4 $12,479 72.33% $32,620
5 $13,823 69.35% $31,276
6 $16,380 63.68% $28,719
7 $22,387 50.36% $22,712
8 $23,704 47.44% $21,395
9 $25,481 43.50% $19,618
10 $27,713 38.55% $17,386

GMC Sierra 1500 Depreciation Calculator

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If you purchase a used GMC Sierra 1500 that is 2 years old, then you could save $7,513 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $6,310. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Sierra 1500 models become available.

The Best Model Years to Buy a GMC Sierra 1500

The 2019 GMC Sierra 1500 is our top pick for the best model year value for the Sierra 1500. With the 2019, you would only pay, on average, 89% of the price as new, with 92% of the vehicle's useful life remaining. The 2018 and 2017 model years are also attractive years for the Sierra 1500, and provide a relatively good value. Our rankings consider multiple factors, including the Sierra 1500's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the GMC Sierra 1500 models.

GMC Sierra 1500 Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2020 $45,099 $45,099 $241 $0 0% 100%
2019 $44,210 $39,543 $289 $5,556 12.32% 88.79% Best
2018 $43,409 $36,556 $380 $2,987 7.55% 83.34% Better
2017 $43,685 $34,266 $517 $2,290 6.26% 77.26% Better
2016 $40,994 $30,259 $608 $4,007 11.69% 72.33% Good
2015 $39,037 $27,866 $792 $2,393 7.91% 69.35%
2014 $37,754 $25,167 $1,127 $2,699 9.69% 63.68%
2013 $35,482 $19,154 $1,286 $6,013 23.89% 50.36% Good
2012 $34,330 $17,678 $1,391 $1,476 7.71% 47.44%
2011 $33,098 $16,000 $1,601 $1,678 9.49% 43.5%
2010 $32,622 $14,222 $1,647 $1,778 11.11% 38.55%
2009 $30,734 $13,273 $1,899 $949 6.67% 37.01%
2008 $28,762 $12,142 $2,256 $1,131 8.52% 34.37%
Year Price % Paid Value Rank
2020 $45,099 100%
2019 $39,543 88.79% Best
2018 $36,556 83.34% Better
2017 $34,266 77.26% Better
2016 $30,259 72.33% Good
2015 $27,866 69.35%
2014 $25,167 63.68%
2013 $19,154 50.36% Good
2012 $17,678 47.44%
2011 $16,000 43.5%
2010 $14,222 38.55%
2009 $13,273 37.01%
2008 $12,142 34.37%
Our Favorite GMC Sierra 1500 Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.