2014 Chevrolet Silverado, GMC Sierra Get Price Increases
- GM has increased the prices of the 2014 Chevrolet Silverado and GMC Sierra by $1,500, the automaker told Edmunds on Tuesday.
- The price increases are temporarily offset by incentive offers, including $1,500 cash back through the end of the month.
- The 2014 Chevrolet Silverado now starts at $26,670.
"We announced a $1,500 price increase on all cab styles effective for all vehicles invoiced after October 7," wrote Jim Cain, a GM spokesman, in response to an e-mailed query.
Prices rose 6 percent.
The price increases are temporarily offset by incentive offers, including $1,500 cash back through the end of the month.
The 2014 Chevrolet Silverado starts at $26,670, including a $1,095 destination charge, with the price increase. The 2014 GMC Sierra starts at $27,170, including shipping.
The increases come at a time when there is increasingly stiff price competition in the pickup truck segment.
The base Silverado is now slightly cheaper than the 2014 Toyota Tundra, its chief Japanese competition. The 2014 Tundra starts at $26,915, including a $995 destination charge.
The 2014 Ram 1500, one of the Silverado's chief domestic rivals, is less expensive. The Ram 1500 starts at $24,605, including a $1,095 destination charge.
The 2013 Ford F-150 starts at $25,065, including a $995 destination charge. Pricing on the 2014 F-150 has not been posted.
Edmunds says: Chevrolet and GMC dealers have sold down the 2013 light-duty trucks, which helps to explain the price increase on the 2014 Silverado and Sierra. So expect to pay more if you're in the market for one of these popular GM trucks.