2020 Chevrolet Silverado 1500 LT Used Prices & AI Forecast

The Silverado 1500 LT is the workhorse trim of Chevy's full-size truck lineup, and it's priced to reward patient buyers. The LT sits above the WT (Work Truck) and Custom trims but below LTZ and High Country — which means inventory depth is the largest of any Silverado trim and pricing dispersion is wide. Buyers willing to cross-shop regionally can save $3,000-$5,000 on equivalent trucks.

The 2019 redesign introduced a roomier cab, aluminum hood, and the 3.0L Duramax diesel option. 2019+ LTs hold value 4-7% better than 2014-2018 K2XX-generation trucks even when mileage is matched. For buyers choosing between generations, the real question is whether you want the aluminum body panels (lighter, slightly better fuel economy, but more expensive body repair).

The 5.3L V8 EcoTec3 is the overwhelming majority of LT inventory and the strongest resale engine. The 2.7L turbo-four (added 2019) is common on base LTs and runs $1,500-$2,500 less than V8 equivalents at auction — good value for highway commuters but a drag on resale if you plan to sell within three years. The 6.2L V8 is limited to higher trims and rare on used LTs.

Crew Cab 4x4 Silverado LTs are the clear resale winner — they're what most buyers want and they move quickly on dealer lots. Double Cab 4x2 LTs sell for 12-18% less than equivalent Crew Cab 4x4 trucks and sit 2-3 weeks longer on lots. If you're flipping, stick with the Crew Cab 4x4 configuration.

Watch for the Z71 Off-Road Package on LT trims — adds skid plates, hill descent control, and a 2-inch lift kit. Z71-equipped LTs depreciate 3-5% slower than standard LTs in every region our data covers. The Texas Edition package adds 20-inch wheels and chrome accents and performs especially well in — unsurprisingly — Texas and the Southeast.