Ford F-150 Vs Chevrolet Silverado 1500: Which Truck Depreciates Faster?

When looking for a half-ton truck for everyday driving or family hauling, the Ford F-150 and Chevrolet Silverado 1500 are sure to come to mind, as they are among the most popular and top-selling pickups in America. 

The F-150 sells well because of its robust build quality, power, comfort, smooth driving capabilities, and versatility. The Silverado 1500, for its part, remains popular largely due to its affordability and traditional truck performance. Of course, the F-150 and Silverado 1500 are among the most capable pickup trucks in the segment: the 2026 F-150 leads the class with a maximum towing capacity of 13,500 pounds, while the Silverado 1500 can tow up to 13,300 pounds. But does the steady demand or proven capability mean anything when it comes to resale value? Well, according to CarEdge, the Ford F-150 will lose around 50% of its value over a five-year period.

By comparison, CarEdge says a new Chevrolet Silverado 1500 is subject to a slower depreciation of 43% after five years of ownership. While the F-150's resale value isn't great compared to the five-year depreciation rate of the Toyota Tacoma, for example, we find that projection very interesting, considering the Ford truck shines brighter than the Silverado 1500 in terms of power, capability, and even popularity — all three of which are key value retention factors for a pickup.

Depreciation is not an exact science. While CarEdge sees the Silverado 1500 holding more of its value, iSeeCars gives the edge to the Ford F-150.

Based on its analysis of depreciation patterns, iSeeCars expects the Silverado 1500 to depreciate by 28.2% after three years, while the F-150 is expected to lose 18.8% of its value during that same time period. The Silverado 1500's depreciation then slows down somewhat, but continues to eat away at the truck's value, reaching 39.3% by year five. 

The Ford F-150 depreciates more quickly after the third year, losing 37.9% of its original value by year five. That gap gets ever smaller with time as the depreciation curve flattens for both models, with the F-150 depreciating to 49.3% by year seven and the Silverado truck losing 49.8% of its value by that same point in time. By the tenth year, the Silverado closes the depreciation gap with the F-150, losing 62.2% of its original value compared with 62.1% for the F-150.

Looking at used car values, the performance of the F-150 and Silverado 1500 validates data from iSeeCars that shows the Chevy truck's price falling more steeply. Per Kelley Blue Book (KBB), the price of the 2021 Silverado 1500 has dropped by 42% in the last three years, compared with a 40% drop for the 2021 Ford F-150. KBB's analyses of newer 2023 and 2024 iterations of the F-150 also show the Ford truck depreciating at a slower pace than its bowtie counterparts. 

The 2023 F-150, for example, loses 44% after three years, while the 2024 model depreciates by 38% after two years. These pale in comparison to the 47% drop seen by the 2023 Silverado 1500 and the 40% depreciation rate of the 2024 model. However, the 2022 Ford F-150 bucks the trend of used F-150s depreciating more slowly than Silverado 1500s as its three-year depreciation rate of 39% is slightly higher than the 2022 Silverado 1500's, which stands at 37%. 

That being said, it's important to note that the rate of depreciation isn't consistent across all trim levels. KBB typically looks at the base trim levels, but you may find that these trucks don't all depreciate at the same rate as you move up in trims. Of course, more popular trims — and specialist trucks such as the lightning-quick Ford F-150 Raptor R – tend to retain their value better than standard models.