GMC Canyon Depreciation

A GMC Canyon will depreciate 39% after 5 years and have a 5 year resale value of $22,465.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 12,000 miles per year. It also assumes a selling price of $36,986 when new. Enter your purchase price, expected ownership period and estimated miles driven annually. Our depreciation calculator will predict an expected resale value for the GMC Canyon.

GMC Canyon Depreciation Calculator

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GMC Canyon Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,325 82.90% $30,661 12,000 2022
2 $8,547 76.89% $28,439 24,000 2023
3 $9,846 73.38% $27,140 36,000 2024
4 $12,353 66.60% $24,633 48,000 2025
5 $14,521 60.74% $22,465 60,000 2026
6 $16,869 54.39% $20,117 72,000 2027
7 $20,871 43.57% $16,115 84,000 2028
8 $22,746 38.50% $14,240 96,000 2029
9 $23,201 37.27% $13,785 108,000 2030
10 $24,211 34.54% $12,775 120,000 2031

GMC Canyon Depreciation

Years Old Depreciation Residual Value Resale Value
1 $6,325 82.90% $30,661
2 $8,547 76.89% $28,439
3 $9,846 73.38% $27,140
4 $12,353 66.60% $24,633
5 $14,521 60.74% $22,465
6 $16,869 54.39% $20,117
7 $20,871 43.57% $16,115
8 $22,746 38.50% $14,240
9 $23,201 37.27% $13,785
10 $24,211 34.54% $12,775

Buying a GMC Canyon New vs Used

If you purchase a used GMC Canyon that is 2 years old, then you could save $8,547 compared to buying new, and still have a relatively new model with plenty of useful life remaining. If you plan to keep this vehicle for 3 years then your total cost of depreciation would be $5,974. Try other age and ownership length combinations, or different vehicles to see if you can find depreciation sweetspots where this cost is the lowest. Hint: Try vehicles between 2 and 4 years old, as brand new vehicles depreciate quickly. Also, if this is a recently released model and buying a few years old isn't possible, consider another vehicle, or perhaps wait until more used Canyon models become available.

The Best Model Years to Buy a GMC Canyon

The 2020 GMC Canyon is our top pick for the best model year value for the Canyon. With the 2020, you would only pay, on average, 83% of the price as new, with 92% of the vehicle's useful life remaining. The 2019 and 2018 model years are also attractive years for the Canyon, and provide a relatively good value. Our rankings consider multiple factors, including the Canyon's price as new, current price, maintenance costs and remaining years of overall predictabe expenses. Our top ranked model year represents the most car for the money of the GMC Canyon models.

GMC Canyon Historical Depreciation

Year New Price Current Price Maintenance $ Decline % Decline % Paid Value Rating
2021 $36,986 $36,986 $315 $0 0% 100%
2020 $36,941 $30,986 $363 $6,000 16.22% 82.9% Best
2019 $36,852 $28,790 $454 $2,196 7.09% 76.89% Better
2018 $36,779 $27,579 $591 $1,211 4.21% 73.38% Better
2017 $36,465 $24,966 $682 $2,613 9.47% 66.6% Good
2016 $36,996 $23,337 $866 $1,629 6.52% 60.74% Good
2015 $36,611 $21,112 $1,201 $2,225 9.53% 54.39%
2012 $28,068 $13,904 $1,675 $7,208 34.14% 43.57%
2011 $27,499 $12,309 $1,721 $1,595 11.47% 38.5%
2010 $22,868 $10,497 $1,973 $1,812 14.72% 37.27%
2009 $21,330 $9,697 $2,330 $800 7.62% 34.54%
Year Price % Paid Value Rank
2021 $36,986 100%
2020 $30,986 82.9% Best
2019 $28,790 76.89% Better
2018 $27,579 73.38% Better
2017 $24,966 66.6% Good
2016 $23,337 60.74% Good
2015 $21,112 54.39%
2012 $13,904 43.57%
2011 $12,309 38.5%
2010 $10,497 37.27%
2009 $9,697 34.54%

GMC Canyon Depreciation Rankings

Depreciation Rankings

We've ranked over 200 models from best to worst for Depreciation. See where the GMC Canyon ranks for Depreciation compared to other vehicles. Also check out how the Canyon stacks up in our rankings for Maintenance, Insurance and Overall Costs.

Depreciation Rankings

Other GMC Canyon Costs of Ownership

Finding a car or truck that saves on depreciation costs is important. But, it's also imperative to view all major GMC Canyon costs. This will ensure that you are finding the vehicle that provides you the best value, at the lowest cost. We've created tools that will also help you to save on the following ownership expenses: