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GM Raises Prices On 2014 Chevrolet Silverado, GMC Sierra

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2014 Chevrolet Silverado 1500

If you're looking for a sweet deal on a new pickup truck from Chevrolet or GMC, the pickings just got a bit slimmer. According to AutoNews, GM has raised prices on 2014 models of the Chevrolet Silverado and GMC Sierra.

In a memo to dealers, GM announced that it was bumping up prices on all versions of the two trucks by $1,500. On the base 2014 Silverado, that means a price tag of $26,670, while the 2014 Sierra rings in at $27,170.

Interestingly, the move to increase prices comes at a time when both models may be experiencing sales slumps -- at least on paper. September numbers for the Silverado and Sierra were eight percent lower than in September 2012. Then again, GM may be ignoring September figures because of a calendar glitch that lumped Labor Day sales with August's stats

To ease the pain of the price increase, GM says that it's offering up to $1,500 cash back on trucks manufactured after October 7 -- but only through the end of this month.

You might be able to score a slightly better deal on 2013 Silverados and Sierras, but you'll need to do your homework and hope for some luck. GM had just 20,000 2013 models in its inventory as of September 30, and that number has certainly dwindled by now. Good luck. 

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