On December 13, 2012, the redesigned 2014 Chevrolet Silverado, along with the related 2014 GMC Sierra were introduced in Detroit, Michigan at the North American International Auto Show. GM dropped the GMT and changed to K2XX. The new Silverado 1500 has three gas engine options: 4.3 L EcoTec3 V6, 5.3 L EcoTec3 V8, or 6.2 L EcoTec3 V8. Chevrolet's MyLink touch-screen multimedia interface system will be available on most models.

It will have A2DP stereo streaming technologies, Bluetooth hands-free telephone, USB hookups, and an input for an Apple iPod or iPhone. When connected via the USB port, an iPhone 4/4S, iPhone 5 will be able to stream music from Pandora Radio. A Bose premium audio system, as well as a Bose surround sound audio system will be available on most models. OnStar will be standard on all models.

On January 14, 2014, The Silverado, along with the Chevrolet Corvette Stingray, received the 2014 North American International Auto Show's Car and Truck of the Year awards.