The Chevrolet Silverado has the lowest total cost of ownership of any full-size pickup in the U.S. retail market, according to the automotive data compilation and analysis firm Vincentric.
“We know from talking to our truck customers that they expect their vehicles to work hard for them for several years, and the less money they have to spend on routine maintenance, repairs and other operating costs, the more they can invest in their businesses and lives,” said Don Johnson, vice president of Chevrolet Sales and Service. “There are nearly 10 million Silverado full-size pickups on the road today – a true testament to their reliability and operating efficiency,”
The Vincentric recognition shows that Silverado full-size pickups have the segment’s lowest combined ownership costs, which include items such as cost of depreciation, insurance, financing, repairs, fuel, fees and maintenance.
“For several years running, the Silverado has performed well in our analysis,” said David Wurster, president of Vincentric. “With low depreciation, maintenance and fuel costs, it’s no wonder why the Silverado leads the segment with the lowest cost of ownership.”