GMC Sierra 1500 Depreciation

A GMC Sierra 1500 will depreciate 37% after 5 years and have a 5 year resale value of $28,816.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $45,544 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the GMC Sierra 1500.

GMC Sierra 1500 Depreciation Calculator

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GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $5,793 87.28% $39,751 12,000 2022
2 $7,251 84.08% $38,293 24,000 2023
3 $11,518 74.71% $34,026 36,000 2024
4 $15,444 66.09% $30,100 48,000 2025
5 $16,728 63.27% $28,816 60,000 2026
6 $19,229 57.78% $26,315 72,000 2027
7 $21,847 52.03% $23,697 84,000 2028
8 $27,044 40.62% $18,500 96,000 2029
9 $28,656 37.08% $16,888 108,000 2030
10 $29,827 34.51% $15,717 120,000 2031

GMC Sierra 1500 Depreciation

Years Old Depreciation Residual Value Resale Value
1 $5,793 87.28% $39,751
2 $7,251 84.08% $38,293
3 $11,518 74.71% $34,026
4 $15,444 66.09% $30,100
5 $16,728 63.27% $28,816
6 $19,229 57.78% $26,315
7 $21,847 52.03% $23,697
8 $27,044 40.62% $18,500
9 $28,656 37.08% $16,888
10 $29,827 34.51% $15,717

Buying a GMC Sierra 1500 New vs Used

If you purchase a used GMC Sierra 1500 that is 2 years old, then you could save $7,251 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 $9,477. 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 2020 GMC Sierra 1500 is our top pick for the best model year value for the Sierra 1500. With the 2020, you would only pay, on average, 87% of the price as new, with 92% of the vehicle's useful life remaining. The 2017 and 2018 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
2021 $45,544 $45,544 $332 $0 0% 100%
2020 $45,099 $39,744 $380 $5,800 12.73% 87.28% Best
2019 $44,210 $37,642 $471 $2,102 5.29% 84.08% Good
2018 $43,409 $33,042 $609 $4,600 12.22% 74.71% Better
2017 $43,685 $29,570 $699 $3,472 10.51% 66.09% Better
2016 $40,994 $26,818 $883 $2,752 9.31% 63.27% Good
2015 $39,037 $23,775 $1,218 $3,043 11.35% 57.78%
2014 $37,754 $21,021 $1,377 $2,754 11.58% 52.03%
2013 $35,482 $15,894 $1,482 $5,127 24.39% 40.62%
2012 $34,330 $14,423 $1,692 $1,471 9.26% 37.08%
2011 $33,098 $13,160 $1,738 $1,263 8.76% 34.51%
2010 $32,622 $11,822 $1,990 $1,338 10.17% 30.14%
2009 $30,734 $10,795 $2,347 $1,027 8.69% 27.49%
Year Price % Paid Value Rank
2021 $45,544 100%
2020 $39,744 87.28% Best
2019 $37,642 84.08% Good
2018 $33,042 74.71% Better
2017 $29,570 66.09% Better
2016 $26,818 63.27% Good
2015 $23,775 57.78%
2014 $21,021 52.03%
2013 $15,894 40.62%
2012 $14,423 37.08%
2011 $13,160 34.51%
2010 $11,822 30.14%
2009 $10,795 27.49%

GMC Sierra 1500 Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the GMC Sierra 1500 ranks for Depreciation compared to other vehicles. Also check out how the Sierra 1500 stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other GMC Sierra 1500 Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major GMC Sierra 1500 costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: