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Chevy Takes Aim at Competitors with Electric 2024 Silverado

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Chevy has muscled up big and kicked a little sand on its competitors with an all-electric 2024 Silverado.

At work where truck strength and stamina can make or break a profit margin, the Ultium-powered pickup will offer 33% more range than Ford’s all-electric 2022 F-150 Lightning and will be available with a 20,000-pound max towing package.

Yes, that’s 20,000 pounds of max towing in a pickup that’s intended to replace the internal combustion half-ton truck. But with power like this, better add ¾- and most 1-tons to the list. The F-150 Lightning maxes out at 10,000 pounds towing, while the Rivian R1T can take on 1,000 more pounds.

And it’s got stamina too. The electric Silverado will be available with up to 400 miles of range. While that’s on par with Rivian’s most powerful battery pack, it’s 100 miles more than the F-150 Lightning.

2024 electric Chevy Silverado RST rough terrainThe toned-down work truck, or WT, model of the electric 2024 Silverado will be the first to roll out in spring of 2023. The RST, shown above, comes next. Be on the lookout for a Trail Boss variant too.ChevroletBut really it’s the Silverado’s 20,000 pounds of max towing that clearly stands out. It’s the most that any OEM has offered yet in an electric pickup. GM Fleet Vice President Ed Peper acknowledged that a battery-heavy EV can prove advantageous when it comes to hauling bigger loads, given its greater mass. Pair that with the electric Silverado’s strong chassis, and you’ve got the greatest towing capacity offered to date for a factory-produced electric pickup.

But fleets will have to wait for that huge max tow package. The work truck version of the electric Silverado, or WT, will first debut in the spring of 2023 with 8,000 pounds of max towing. On a website page dedicated to electric Silverado fleet customers, Chevy notes that the 20,000-pound towing package for WT will roll out for model year 2025.

The all-electric Chevy Silverado also gets bragging rights on having the biggest bed among the small but growing group of electric crew-cab pickups. The 5-foot 11-inch-long bed can get even bigger with the drop-down midgate (a nod to Avalanche) and multi-flex tailgate available on RST. Once the midgate is lowered and the tailgate is adjusted, long payload like 10-foot 2x4s can slip inside the cab and rest up against the tailgate.

With up to 510 peak horsepower and up to 615 pound-feet of torque, the 2024 Silverado WT is powerful but it’s not Chevy’s fastest EV. For now, that distinction goes to the 2024 Silverado RST, which offers up to 664 horsepower, 780 pound-feet of torque and goes zero to 60 in 4.5 seconds. The supercharged 2021 Ram TRX is rated with the same zero-to-60 time, though some drivers have gotten better times.

But there’s a much bigger price to be paid for all that extra power and features like a Multi-Flex Midgate, automatic adjustable lift that can raise the truck up to 2 ½ inches, four-wheel steering, Wide Open Watts Mode and more on RST. Take a deep enough dive into power and luxury with the electric Silverado and you may find yourself paying up to $105,000.

Customers will have the ability to content the truck across various price ranges, with MSRPs around $50,000, $60,000, $70,000, $80,000 and more, allowing them to choose the truck that meets their capability and pricing needs.  

Fleets, on the other hand, can relax knowing that the toned-down WT starts at $39,990. 

“GM Fleet has long provided customers with great products and services, an exceptional customer experience and innovative solutions to meet their unique business needs,” Peper said. “We’re excited to launch the Silverado EV, providing customers with a true work-capable truck to help them begin the transition to an electric fleet and assist them in achieving their own sustainability goals.”

But it’s not just sustainability fleets are looking for; it’s safety too. Responsive and quick torque vectoring at each wheel combined with a full suite of safety features (listed below) has Peper calling the 2024 Silverado “the safest vehicle we’ve ever made.” 

Check out more features below on the 2024 Silverado. Refundable reservations can be made through Chevy’s website.

  • RST and WT models come with Tow/Haul mode, trailer hitch provisions, and an integrated trailer brake controller and Hitch Guidance. The RST also includes Chevy’s Advanced Trailering System.
  • RST and WT feature public DC fast-charging capabilities up to 350 kW, enabling approximately 100 miles of range to be added in 10 minutes, based on GM estimates.
  • Silverado EV is capable of charging another EV using the available accessory charge cord, sharing its power in times of need.
  • WT customers have access to Ultium Charge 360 Fleet Service, which offers one of the industry’s most comprehensive charging solutions for businesses, whether drivers take their vehicles home or return to a central depot.
  • The eTrunk is a lockable, weatherproof compartment in the front of the truck that provides enough space to fit a large hard-side suitcase and a multitude of accessory options for both fleet and retail customers to load gear based on the unique needs of the customer.
  • Safety features include safety alert seat, rear cross traffic braking, HD surround vision, forward collision alert, automatic emergency braking, front pedestrian braking, following distance indicator, lane keep assist with lane departure warning and Intellibeam auto high beam.
  • Up to 10.2 kW of off-board power through 10 outlets on WT and RST with optional equipment.
  • RST First Edition includes trailering-capable Super Cruise, the industry’s first true hands-free driver-assistance technology, allowing drivers to travel hands-free on more than 200,000 miles of compatible roads across the U.S. and Canada.
  • RST First Edition includes a 17-inch-diagonal LCD freeform infotainment screen paired with a neighboring 11-inch-diagonal reconfigurable driver instrument display and a multi-color driver head-up display with a field of view over 14 inches.

2024 Chevy electric Silverado bed cover ladderChevy is keeping work truck options in mind for the electric 2024 Silverado WT.Chevrolet

2024 Chevy electric Silverado WT cargo dividersA spacious frunk can be organized with dividers.Chevrolet

2024 Chevy electric Silverado RST dash viewPlenty to see with the 17-inch infotainment screen and the 11-inch driver display on the electric 2024 Chevy Silverado RST.Chevrolet

2024 Chevy electric Silverado RST Multi-Flex MidgateBed too short? The Multi-Flex Midgate on the all-electric 2024 Silverado RST drops down to allow for longer items.Chevrolet

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Cat’s Next Generation 255 and 265 Get More Power, Lift Height

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Caterpillar is bidding farewell to its 259D3, 279D3 and 289D3 compact track loaders with the introduction of its new, next-generation 255 and 266 models.

The completely redesigned models debuted at media and customer events at Caterpillar’s Edwards, Illinois, Demonstration and Learning Center last week. The 255 and 265 offer improved engine performance, more lift height, a roomier cab and more standard technology than their predecessors.

“We kept the DNA of the D3 series while reimagining the possibilities of loader performance using voice of customer feedback to lead the way,” says Trevor Chase, product application specialist for Caterpillar. “Both next-generation models leverage the many benefits offered by the vertical lift design. The new Cat 255 replaces the 259D3, while the 265 replaces both the 279D3 and 289D3 machines.”

The CTLs are the last of Cat’s building and construction products to get the next-generation treatment and simplified nomenclature. The first number (2) represents the skid steer loader and compact track loader machine family; the middle number (5 or 6) designates the machine size; and the ending number (5) is the compact track loader identifier. Skid steers will be identified by a 0 end number. Additional new models will roll out in the coming months, the company says.

Caterpillar 265 compact track loader carrying a blockCaterpillarMore power and torque

Cat equipped the 255 with a C2.8T engine and the 265 with a C2.8TA engine, both at 74 horsepower. This gives the new machines a significant boost in torque – 13% for the 255 and 43% for the 256 – over their D3-Series predecessors. The engine and cooling package are mounted lower in the frame for added visibility out the rear window and stability while lifting heavy loads.

Customers attest that the added lift height makes truck loading easier. The 255 offers 10 feet 4 inches of lift height, while the 265 can reach 11 feet high.

“The lift height has made a big difference when loading trucks,” said Derrick Roger, owner of Coast to Coast Lawnscapes, who spent several months testing the 255. “You can get on top of that truck now and empty the bucket; whereas, before you would have to shake the bucket to try to get the material to fall out.”

The 255 delivers 36% more tilt breakout, 26% higher lift breakout force and a 24% increase in rated operating capacity (ROC). The 265 also delivers 19% higher tilt breakout force and 22% higher lift breakout force.

Standard hydraulic pressure has been increased to 3,500 psi, allowing the 255 and 265 to operate all Cat Smart Attachments with the standard auxiliary hydraulics provided.

If demanding attachments require additional hydraulic flow, customers can have their Cat dealer activate the high flow functionality on the machine or remotely via software update. This makes it possible for the CTLs to hit 30 gallons per minute of flow at the standard system pressure.

A High Flow XPS factory option increases auxiliary hydraulic system pressure to 4,061 psi for both models, while also increasing the hydraulic flow to 30 gallons per minute for the 255 and 34 gallons per minute for the 265.

The torsion suspension undercarriage delivers better operator comfort, track wear and material retention, plus the stiffer design results in smoother graded surfaces, Cat says. A new 12.6-inch bar-tread narrow track option is available on the 255.

A more spacious cab

Cat says it has increased the cab width by 2.75 inches without making the machines wider and the footwell-to-ceiling height by 1.8 inches. The larger cab gives operators an additional 1.5 inches of hip room and 1.1 inches more width between the joysticks.

A range of new mechanical and air-ride suspension seat options are available, including a ventilated and heated seat. A new automatic temperature control allows operators to set a specific temperature. Relocated vents help cool or heat the machine quickly.

The standard package includes the same 5-inch LCD monitor as the D3 Series CTLs, which offers Bluetooth connectivity and functionality for the rearview camera feed, creep, job clock, and maintenance reminders.

Customers can upgrade to a new 8-inch advanced touchscreen monitor, like the display found in Cat’s next-generation mini excavators and small loaders. It delivers advanced radio control and supports the 270-degree multicamera option. The advanced monitor pairs with the advanced joysticks for integrated control of all machine functions and adjustments.

“You can adjust the movement – or the aggressiveness or the conservativeness – of how your tracks and lift arms work through your advanced touchscreen display,” Dante Thomas, skid steer and CTL marketing manager, said. “And you can control of all of your display functions from the advanced joysticks. There are buttons with enter and select functions on those joysticks that you’re able to change any functionality that is possible.”

Cat also redesigned the entry, making the 255 and 265 easier to enter and exit. The cab door can be opened even when the lift arms are not fully lowered to the frame stops. It can be removed without tools in less than one minute.

Advanced technologies

Calling the 255 and 265 “one of the most attachment-friendly machines on the market,” Thomas says both the standard and advanced monitors can run Cat Smart Attachments, such as the dozer and grader blades and backhoe.

“It has attachment recognition that when you plug the attachment into the machine, it recognizes which attachment is connected. It adjusts your joystick pattern, so it gives you intuitive and simple control,” says Thomas.

The available Cat Product Link Elite system tracks machine hours, location, asset utilization, provides fault code details and delivers advanced monitoring and machine health, that is remotely accessible via VisionLink. In addition, Product Link Elite provides remote flash and troubleshooting capabilities and quickly enables the remote activation of the SEA High Flow feature.

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Quick Data: 2023 Top-Selling Wheel Loaders and Auction Trends

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Quick Data is a snapshot of new and used wheel loader sales trends from Randall Reilly’s EDA equipment financing data, TopBid auction price service and EquipmentWatch market trend reports.

Demand for wheel loaders has softened with new and used financed wheel loader sales down year-over-year from August 1, 2022 to July 31, 2023 according to Randall Reilly’s EDA equipment financing data.

Financed new wheel loader sales dropped 10%, while used financed wheel loader sales fell by 15% compared to the same period last year.

Cat (22.4%), Deere (21.0%) and Komatsu (12.4%) held their positions year-over-year as the top three sellers of new financed wheel loaders. Top models sold included the Deere 544 P-Tier (401), Deere 624 P-Tier (380) and the Komatsu WA270-8 (364).

[Watch: “A Really Solid Machine” – Test Run of Komatsu’s WA475-10 Wheel Loader]

Cat (28.5%) and Deere (22.9%) also snagged the No. 1 and 2 positions for the highest number of financed used units sold, with Case (14.7%) claiming the third spot. On the date we examined the data, the top-selling models were the Case 321F (340), Cat 926M (164) and the Case 621G (159). 

During this period, there were more buyers of new loaders in Florida (955) than in any other state. Buyers of new wheel loaders were also prevalent in Texas (893) and Illinois (665). Those states were also top buyers of used financed machines, with 712 units sold in Texas, 413 in Florida, and 412 in Illinois.

EDA data is compiled from state UCC-1 filings on financed construction equipment. EDA continually updates this data as information comes in from each state.

[Related Content: A Rundown of the Latest Wheel Loaders for 2023]

Used Wheel Loader Market

Used wheel loader prices rose 10.1% for the 12-month period from August 1, 2022 to July 31, 2023, according to Randall Reilly’s EquipmentWatch market trend data.

The average price for a used wheel loader was $137,465 in July 2022 compared to $151,367 in July 2023. The average age of used wheel loaders fell slightly during the period, dropping from 8.8 years to 8.3 years.

EquipmentWatch Used wheel loader price and age chartEquipmentWatchThe average age and price were calculated on 153,356 resale listings during the period in the EquipmentWatch database.

Over the last 12 months, prices for used wheel loaders have in general increased, with the largest gains in October 2022 (6.5%) and February 2023 (2.9%).

EquipmentWatch defines fair market value (FMV) as the monetary value of an asset that can be expected in a transaction with a single seller and single buyer, neither of whom is under any compulsion or time restriction to complete the transaction. FMV for heavy equipment is most closely associated with the private resale market, as opposed to the public auction market.

Wheel Loader Auction Prices

Caterpillar also dominated the auction charts, accounting for 18 of the top 20 wheel loaders sold in terms of price for the 12-month period of September 1, 2022 to August 31, 2023. Deere and Komatsu were the only other manufacturers to appear on the list.

The top auction price spot went to a 2021 Cat 966M with 2,188 hours. It sold for $400,000 at a Ritchie Bros. auction in Orlando, Fla., on September 21, 2022. The second-highest price paid was $315,000 for a 2019 Cat 980M with 7,836 hours at another Ritchie Bros. sale in Atlanta, on December 1, 2022. Rounding out the top three was a 2018 Deere 944K with 8,941 hours. It sold for $290,00 at a J.M. Wood Auction Co. sale in Montgomery, Ala., on March 21, 2023.

In total, there were 358 wheel loaders sold at auctions tracked by Top Bid during this time, with an average price of $99,747. (This does not include any units sold for less than $5,000.)

EDA, Top Bid and EquipmentWatch are owned by Randall Reilly, parent of Equipment World.

[Related Content: Heavy Equipment Auctions Set for Second Half of 2023

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Video: A closer look at Rokbak articulated dump trucks

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Volvo Construction Equipment bought Terex’s off-road truck line in 2014, and six years later, it rebranded its articulated haulers under the Rokbak name.

On this episode of The Dirt, we hear from Paul Douglas, Volvo vice president of rigid haulers, who explains the differences between the old Terex line and the Rokbak trucks. He also gives a hint at some of the new things coming from Rokbak, including redesigned cabs and replacing the current trucks with new models. There’s also the possibility of a new size truck to hit the market.

Rokbak, as with other construction equipment brands, is working toward a zero-emissions future. On this episode, he explains where the articulated dump truck market is heading in terms of alternative fuel. He adds that customers will see big changes in emissions and engines in the next five years, with the ultimate goal of reaching zero emissions within 10 years.

So to learn more about Rokbak and what the brand has in store for the future, check out this episode of The Dirt.  

Equipment World serves up weekly videos on the latest in construction equipment, work trucks and pickup trucks – everything contractors need to get their work done. Subscribe and visit us at equipmentworld.com!

In This Episode:

  • 00:00 – Rokbak Articulated Haulers
  • 00:30 – Is Rokbak More Reliable Than Terex?
  • 03:22 – Brand New Cab
  • 06:10 – More Changes to Upcoming Rokbak Trucks
  • 09:20 – What Will Rokbak Do in the Next 2-5 Years?
  • 11:24 – What Alternative Fuel Will Rokbak Haulers Use in the Future?
  • 14:53 – Final Thoughts

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