2023 Chevrolet Silverado 1500 price and specs

2023 Chevrolet Silverado 1500 price and specs

The updated Chevrolet Silverado 1500 has touched down in Australia.

Imported to Australia by GM Specialty Vehicles (GMSV), remanufactured to right-hand drive by Walkinshaw in Dandenong, and distributed through a network of 56 dealers, the Chevrolet Silverado goes head-to-head with the Ford F-150 and Ram 1500.

Opening the updated range is the ZR2, which combines a suite of tougher exterior parts with a range of hardware upgrades designed to take the Silverado deeper into the wilderness.

Headlining the inclusions are a set of sophisticated DSSV dampers from Multimatic, and locking differentials on both axles.

As for the LTZ Premium? It’s gained a new, more luxurious interior featuring a touchscreen to rival that in the Ram 1500, but it still undercuts its biggest rival on sticker price.


  • 2023 Chevrolet Silverado 1500 LTZ Premium: $121,000
  • 2023 Chevrolet Silverado ZR2: $124,000

Prices exclude on-road costs.


Power in the Chevrolet Silverado comes from a 6.2-litre naturally aspirated V8 engine making 313kW of power and 624Nm of torque.

It’s mated with a 10-speed torque converter automatic transmission, along with a four-wheel drive system with 2H, 4A, 4H, and 4L modes.

4A allows owners to drive with four-wheel drive traction on sealed surfaces, handy for wet roads when you’re piloting a 2500kg truck running on off-road tyres.

Fuel Economy

Claimed fuel economy is 12.2 litres per 100km on the combined cycle, and the Silverado has a 91-litre fuel tank.


The Silverado 1500 LTZ measures 5931mm long, 1930mm tall, and 2086mm wide, with a 3745mm wheelbase.

The Silverado 1500 ZR2 measures 5931mm long, 1991mm tall, and 2074mm wide, with a 3748mm wheelbase.

Ground clearance in the off-road oriented ZR2 is 296mm, and you get 9.0 inches of suspension travel up front and 10.0 inches at the rear.

LTZ Premium ZR2
Unbraked tow 750kg 750kg
Braked tow (50mm ball) 3500kg 3500kg
Braked tow (70mm ball) 4500kg 4200kg
Downball (50mm ball) 350kg 350kg
Downball (70mm ball) 422kg 400kg
Payload 757kg 717kg
GVM 3300kg 3300kg
GCM 6851kg 7160kg
Tare mass 2543kg 2525kg

Servicing and Warranty

The Chevrolet Silverado is covered by a three-year, 100,000 kilometre warranty.

GM Specialty Vehicles doesn’t offer capped-price servicing.


The Chevrolet Silverado hasn’t been crash-tested by ANCAP or Euro NCAP.

There’s more active safety kit across the range for 2023. Where previously the Trail Boss missed out on autonomous emergency braking, the ZR2 now features it standard.

Standard equipment across the range includes:

  • 6 airbags
  • AEB with Pedestrian detection
  • Blind-spot monitoring with trailer assist
  • Rear cross-traffic alert

LTZ Premium adds:

  • Adaptive cruise control
  • Front, rear parking sensors

Standard Equipment

Silverado 1500 LTZ Premium highlights:

  • Surround-view camera
  • Adaptive cruise control
  • Head-up display
  • LED headlights
  • Front and rear parking sensors
  • Rear camera mirror
  • Tyre pressure monitoring
  • Spray-in bed liner
  • Powered up/down tailgate
  • 20-inch alloy wheels, all-terrain tyres
  • Keyless entry and start
  • Wireless phone charger
  • 13.4-inch touchscreen infotainment system
  • 12.3-inch driver instrument binnacle
  • Wireless Apple CarPlay, Android Auto
  • 7-speaker Bose sound system
  • Dual-zone climate control
  • 10-way powered front seats
  • Power sliding rear window
  • Sunroof
  • Black leather seat trim
  • Heated, cooled front seats
  • Heated steering wheel
  • Powered steering column
  • Trailer camera views
  • Tow bar and 12-pin wiring harness
  • Electric trailer brake controller
  • Automatic trailer lighting test
  • GCM alert

Silverado ZR2 removes the following:

  • Interior rear-view camera
  • Adaptive cruise control (replaced with regular cruise)
  • Head-up display
  • Front parking assist
  • Bose sound system (replaced with 6-speaker system)
  • Sunroof
  • Powered steering column (replaced with manual column)

Silverado ZR2 adds:

  • Enhanced two-speed transfer case
  • Electric locking front and rear differentials
  • Multimatic DSSV dampers
  • Special ZR2 skid plates
  • Front recovery hooks

MORE: Everything Chevrolet Silverado


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