Estimated value by year
New
$31,000
MSRP
1 yr
$24,490
-21%
2 yrs
$22,320
-28%
3 yrs
$20,460
-34%
5 yrs
$17,360
-44%
10 yrs
$11,160
-64%
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Full Depreciation Table — GMC Canyon
Based on base MSRP of $31,000. Actual values vary by trim, mileage, condition, and region.
| Year | Age | Depreciation | 🤝 Trade-In | 🧑 Private Sale | 🏢 Dealer Retail |
|---|---|---|---|---|---|
| 2026 (New) | 0 yrs | -0% | $26,970 | $31,000 | $34,720 |
| 2025 | 1 yr | -21% | $21,306 | $24,490 | $27,429 |
| 2024 | 2 yrs | -28% | $19,418 | $22,320 | $24,998 |
| 2023 | 3 yrs | -34% | $17,800 | $20,460 | $22,915 |
| 2022 | 4 yrs | -40% | $16,182 | $18,600 | $20,832 |
| 2021 | 5 yrs | -44% | $15,103 | $17,360 | $19,443 |
| 2020 | 6 yrs | -48% | $14,024 | $16,120 | $18,054 |
| 2019 | 7 yrs | -52% | $12,946 | $14,880 | $16,666 |
| 2018 | 8 yrs | -56% | $11,867 | $13,640 | $15,277 |
| 2017 | 9 yrs | -60% | $10,788 | $12,400 | $13,888 |
| 2016 | 10 yrs | -64% | $9,709 | $11,160 | $12,499 |
Cost per year
$2,604
avg annual loss
Sweet spot buy
2–3 yrs old
$20,460 saves $10,540
Value at 10 yrs
$11,160
64% of value gone
Key Specs — GMC Canyon
Category
Truck
Base MSRP
$31,000
5-Year Depreciation
42%
vs Category Avg
4% worse than average
Expected Lifespan
200,000+ miles
Best Used Buy Age
2–3 years old
Should you buy a used GMC Canyon?
The sweet spot for buying a used Canyon is 2 to 3 years old. At that age you can save approximately $10,540 off the new price while still getting a relatively modern vehicle. The steepest depreciation happens in the first 1-2 years, so letting someone else absorb that loss is a smart financial move.
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