Chevrolet will temporarily rename its flagship truck “Silverado LTD” before the launch of the revamped 2022 Silverado next spring. In what could end up being extremely confusing for potential truck buyers, a closer look reveals that the brand will in fact sell both as 2022 model year vehicles at dealerships.
Based on data derived from Chevrolet’s latest ordering guide, prices for the 2022 Silverado 1500 LTD will start at $ 31,595 after a destination charge of $ 1,695. That gives you a regular cab 4×2 work truck with a 310 horsepower 2.7L turbo and $ 600 more than the cheaper 2021 Silverado ($ 30,995), which comes with a 4.3 V6. L of 285 horsepower.
While we don’t have a price yet for the revamped 2022 Silverado (including the upcoming ZR2 variant), we think there’s a good chance it will be more expensive. Although Chevrolet is used to selling outgoing models alongside their redesigned counterparts, this instance is quite different.
In 2019, Chevrolet introduced a new Silverado but continued to sell the old one as the Silverado 1500 LD. At the time, the LD was limited to a Double Cab configuration. In contrast, the Silverado LTD 2022 will be offered in a full range of cabin types: Regular, Double and Crew. You will also see a lot more choice of toppings.
In the case of the LD, Chevy offered Work Truck, Custom and LT versions. When it comes to the LTD, buyers will find a much wider choice, from the entry-level work truck to the high-end High Country. In that sense, it’s really a continuation of the current Silverado until the new one arrives.
Timing will undoubtedly play an important role in Chevrolet’s strategy assuming it can convince buyers that the 2022 Silverado is definitely worth the wait. It’s also worth considering that, as we’ve seen with the Silverado LD, Chevy may end up introducing entirely different incentives for buying and leasing the LTD and the new Silverado.
In what could be the worst-case scenario, buyers may be faced with a situation where they can choose a 2021 Silverado, 2022 Silverado LTD, and 2022 Silverado, all with different price tags and incentives. We can’t predict what will end up happening, but we have seen cases like this in 2019.
The prospect of offering two trucks at the same time could complicate matters for competitors like Ford. If Chevrolet is able to downsize its competition and serve a wider range of buyers, it could allow the brand to reach more customers during a time when a shortage of inventory has made it difficult to find the right truck.
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Pictured: 2021 Silverado 1500