2014 Chevrolet Silverado 1500. Photo courtesy of General Motors.

General Motors last week revealed pricing data and some engine and towing specifications for the redesigned 2014 Chevrolet Silverado and GMC Sierra 1500 full-size pickups. In a pair of press releases, GM announced that the Silverado 1500 will start at $23,590, excluding $995 destination, while the Sierra 1500 will start at $24,090 before destination.

The 2014 Silverado’s price is identical to that of the 2013 Silverado, while the 2014 Sierra’s price has a $500 bump over the 2013 model, which starts at $23,590. Comparatively, the 2013 Ram 1500 starts at $22,640 and the 2013 Ford F-150 starts at $23,995. The 2013 Toyota Tundra starts at $25,455 and the 2013 Nissan Titan at $29,270.

Car and Driver points out that while the starting price for the 2014 Silverado is a bit lower than that of the F-150, comparable extended and crew cab models are a bit more expensive than the Ford. Still, they expect that competition between domestic pickup trucks will remain tight, as all the prices are fairly competitive with one another.

2014 GMC Sierra 1500. Photo courtesy of General Motors.

GM also released specifications for its 5.3-liter V8 that will be available in both trucks. The V8 produces 355 horsepower and 383 pound-feet of torque. GM claims that with this engine, a Silverado or Sierra will achieve up to 16/23 mpg city/highway, although those estimates are not displayed on the EPA’s website. Currently, the most fuel-efficient full-size pickup is the V6-powered Ram 1500, which achieves 17/25 mpg city/highway. Ford’s base V6 achieves 17/23 mpg city/highway, while its Ecoboost V6 model manages 16/22 mpg. A 4.3-liter V6 and 6.2-liter V8 will also be offered in the Silverado and Sierra, but no specifications for those engines have yet been released.

When equipped with a max towing package, Chevy and GMC say that the new trucks with the 5.3-liter V8 can tow up to 11,500 pounds. That figure tops F-150, which currently has the highest towing capacity in the full-size truck class at 11,300 pounds with the Ecoboost V6. While details aren’t yet available, Chevrolet’s press release says that a Silverado with the 6.2-liter V8 will have an even higher towing capacity.

While the Silverado with the 5.3-liter V8 out-tows and gets better fuel economy than an EcoBoost F-150, USA Today notes that the full-size pickup segment is always changing. They point out that the Ram 1500 will debut later this year with a diesel engine, and that Ford is slated to launch an all-new F-150 at some point next year. They also say that Nissan will launch a redesigned Titan at some point next year, and expects each of these trucks to deliver improved fuel economy.

Chevrolet says that crew cab Silverados will be launched later this spring, while regular and double (extended) cab models will launch later this summer.

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