The Chevrolet Silverado 1500 V8 petrol pick-up – converted to factory right-hand-drive standards by Holden Special Vehicles in Melbourne – will start from $113,990 plus-on-road costs, or about $120,000 drive-away.
This price puts the Chevrolet Silverado LTZ Premium Edition 1500 V8 petrol pick-up well above the Ram 1500 V8 Express ($79,950 drive-away) and the Ram 1500 V8 Laramie ($104,950 plus on-road costs).
The Ram 1500 V8 Laramie went up by $5000 from $99,950 earlier this year, but Ram Trucks Australia says no further price increases are imminent.
The only option on the Chevrolet Silverado LTZ Premium Edition 1500 V8 is metallic paint at $1250.
The price of the Chevrolet Silverado LTZ Premium Edition 1500 V8 was initially expected to dip below $110,000, but a 20 per cent fall in the Australian dollar to the US dollar forced a slight increase before it went on sale.
The Ram 1500 V8 has proven so popular that the local assembly line that converts the vehicles to right-hand-drive has switched to 24-hour production (pictured below) to keep up with demand.
The price of the new generation Ram 1500 is expected to climb significantly when the new model arrives later this year or early next, however the current "Classic" Ram 1500 models will continue to be sold alongside for the foreseeable future.
HSV says its dealer network is already holding orders for the first 200 or so Chevrolet Silverado 1500s.
The first batch of 80 Chevrolet Silverado 1500 V8 pick-ups has been built and the vehicles are due to arrive in selected Holden dealerships next week. The remaining orders are expected to be filled before the end of this financial year on June 30.
Holden Special Vehicles outlets are currently represented in 65 of Holden’s national network of 203 showrooms.
While the Holden brand will close by the end of this year, HSV says it is “business as usual” and will continue to import and convert selected General Motors vehicles beyond 2020.
HSV may rebrand as General Motors Specialty Vehicles (GMSV), so it can eventually distribute certain models from the Chevrolet, Cadillac and Hummer brands, however the negotiations with Detroit are ongoing.
Meanwhile, HSV is clearing the last of its heavy duty full-size Chevrolet Silverado 2500 pick-ups; only about 100 remain in dealer stock.