Please ensure Javascript is enabled for purposes of website accessibility

GM's New V-8 Pickup Trucks to Get 23 MPG on Highway

By Associated Press - Apr 1, 2013 at 2:45PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

That's a little better than similarly-equipped competitors from Ford, Chrysler, and Toyota. The new trucks also promise more towing power.

DETROIT (AP) -- Chevrolet is upping the ante in the tug-of-war with Ford (F 2.64%) over America's favorite vehicles: pickup trucks.

General Motors (GM 1.70%) said Monday that its new Chevy Silverado will get 23 miles per gallon on the highway with a 5.3-liter V-8 engine. That's a little better than similarly equipped competitors from Ford, Chrysler, and Toyota (TM 1.70%). The new trucks also promise more towing power.

That could help the Silverado get closer to unseating Ford's F-Series trucks, which have been the top-selling vehicles in the U.S. for 30 years. GM sold 575,497 Silverados and GMC Sierras -- the Silverado's upscale twin -- last year. Ford beat that by nearly 70,000 trucks.

The Silverado will have a starting price of $23,590 excluding shipping. That's $80 less than Ford's F-150 but $950 more than Chrysler's Ram. The Sierra will start at $24,090.

GM is rolling out the new trucks in late spring or early summer. They replace models that were last revamped in 2007.

The timing is good. Truck sales are growing rapidly after a five-year slump as contractors and other small businesses replace aging trucks they held onto during the recession. Pickup sales were expected to rise 15 percent last month over March 2012, the biggest growth of any vehicle segment, according to Kelley Blue Book.

GM says its V-8 bests Ford's turbocharged EcoBoost V-6 in fuel economy. The EcoBoost V-6 promises the power of a V-8 with the fuel economy of a smaller engine. It's been a big hit, getting 22 mpg on the highway. Ford says 43 percent of F-150 buyers choose the EcoBoost over Ford's three other options.

The Ram currently boasts the best fuel economy in the truck segment. Its 3.6-liter V-6 can get up to 25 mpg on the highway. GM said it hasn't finished testing the fuel economy of its V-6 engines.

The Silverado delivers less power than its chief rivals, however. A Silverado equipped with the 5.3-liter V-8 gets 355 horsepower, which is 10 less than the EcoBoost F-150 and 40 less than a Ram with a comparable V-8. The Silverado also has less torque.

The Silverado can tow a maximum of 11,500 pounds, the same as a heavy-duty version of the Ram 1500 and 200 more than the F-150.

GM dealers are eager for the new trucks because they've been selling dated models against newer competitors. Silverado sales were flat last year, while F-150 sales rose 10 percent.

The new GM trucks look more aggressive and aerodynamic. They will have quieter cabs and updated steering, suspensions, and brakes, GM says. The new pickup trucks are also 200 pounds lighter than Ford and Chrysler competitors, which should make them more nimble.

Despite the changes, the base price of the 2014 Silverado will stay the same as the current model. The Sierra's base price goes up by $500.

But Jessica Caldwell, an analyst with, says the base price doesn't matter to most buyers, who add options like larger cabs and more powerful engines that bring the average pickup price above $35,000.

GM said 90 percent of its current buyers opt for more expensive crew cabs and double cabs, and GM expects that to go up with the new trucks. And just 7 percent of Silverado buyers get the V-6 engine that comes on the base model. Most upgrade to a V-8.

Options prices for the 2014 models are similar to the 2013 models, said Jeff Luke, executive chief engineer for GM's full-size trucks. But GM is offering brand new safety features on the 2014 trucks, such as lane departure warning and front collision alert, that will drive up the price, he said.

Last month, the average Silverado sold for $35,609, while the average Sierra went for $37,326, according to

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

General Motors Company Stock Quote
General Motors Company
$36.00 (1.70%) $0.60
Ford Motor Company Stock Quote
Ford Motor Company
$12.83 (2.64%) $0.33
Toyota Motor Corporation Stock Quote
Toyota Motor Corporation
$161.35 (1.70%) $2.69

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning service.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 05/23/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.