GMC Canyon Depreciation

A GMC Canyon will depreciate 40% after 5 years and have a 5 year resale value of $22,290.

The chart below shows the expected depreciation for the next 10 years. These results are for vehicles in good condition, averaging 13,500 miles per year, and assumes a purchase price of $36,941 when new. Key in your purchase price, expected ownership period and estimated annual miles driven into our depreciation calculator, and we'll predict an expected resale value just for you.

GMC Canyon Depreciation

Years Old Depreciation Residual Value Resale Value Mileage Resale Year
1 $6,007 83.74% $30,934 13,500 2021
2 $8,327 77.46% $28,614 27,000 2022
3 $10,473 71.65% $26,468 40,500 2023
4 $12,442 66.32% $24,499 54,000 2024
5 $14,651 60.34% $22,290 67,500 2025
6 $20,731 43.88% $16,210 81,000 2026
7 $22,737 38.45% $14,204 94,500 2027
8 $23,273 37.00% $13,668 108,000 2028
9 $23,642 36.00% $13,299 121,500 2029
10 $24,625 33.34% $12,316 135,000 2030
Years Old Depreciation Residual Value Resale Value
1 $6,007 83.74% $30,934
2 $8,327 77.46% $28,614
3 $10,473 71.65% $26,468
4 $12,442 66.32% $24,499
5 $14,651 60.34% $22,290
6 $20,731 43.88% $16,210
7 $22,737 38.45% $14,204
8 $23,273 37.00% $13,668
9 $23,642 36.00% $13,299
10 $24,625 33.34% $12,316

GMC Canyon Depreciation Calculator

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If you purchase a used GMC Canyon that is 2 years old, then you could save $8,327 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 $6,324. 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 2019 GMC Canyon is our top pick for the best model year value for the Canyon. With the 2019, you would only pay, on average, 84% of the price as new, with 92% of the vehicle's useful life remaining. The 2016 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
2020 $36,941 $36,941 $315 $0 0% 100%
2019 $36,852 $31,223 $363 $5,718 15.48% 83.74% Best
2018 $36,779 $31,520 $454 +$297 -0.95% 84.47% Better
2017 $36,465 $29,816 $591 $1,704 5.41% 80.15% Good
2016 $36,996 $25,219 $682 $4,597 15.42% 66.32% Better
2015 $36,611 $22,956 $866 $2,263 8.97% 60.34% Good
2012 $28,068 $13,781 $1,465 $9,175 39.97% 43.88%
2011 $27,499 $12,248 $1,675 $1,533 11.12% 38.45%
2010 $22,868 $8,461 $1,721 $3,787 30.92% 37%
2009 $21,330 $7,679 $1,972 $782 9.24% 36%
2008 $19,463 $8,819 $2,330 +$1,140 -14.85% 33.34%
Year Price % Paid Value Rank
2020 $36,941 100%
2019 $31,223 83.74% Best
2018 $31,520 84.47% Better
2017 $29,816 80.15% Good
2016 $25,219 66.32% Better
2015 $22,956 60.34% Good
2012 $13,781 43.88%
2011 $12,248 38.45%
2010 $8,461 37%
2009 $7,679 36%
2008 $8,819 33.34%

Considering financing? Try our GMC Canyon Loan Calculator, which will steer you away from unattractive loan structures that put you in a bad financial position relative to the value of your vehicle. Customize a loan structure that is right for you, or try some basic options, No Money Down, 10% Down and 20% Down. Important Note: CarEdge.com does NOT offer auto financing, or are we affiliated with any financing sources. We provide this information in the hope that you can make a more informed purchasing decision.

GMC Canyon Review

GMC Canyon Photos

Our Favorite GMC Canyon Photo

About Our Data and "Useful Lifespan"

We aggregate and analyze millions of automotive data points from a variety of sources, including some of the industry's leading data providers. The historical depreciation tables, charts, values and overall rankings are conducted on a semi-annual basis, with our most recent update published in September 2020.

While the "Useful Lifespan" of a vehicle will vary greatly from one model to the next, and even one owner to the next, we have determined that twelve years is the most appropriate timeframe which will yield us good, usable data - and that any data beyond that timeframe becomes more dispersed, and ultimately less reliable. Moreover, maintenance costs beyond that timeframe become significantly more varied, as a vehicle owner's care of a particular vehicle will greatly impact its value, and ongoing maintenance costs. We are very much hopeful, however, that your car or truck will last well beyond twelve years, and that it gets you to where you want to go.

If you would like to know more about our data and process, check out our FAQ here.