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. It also assumes a selling price of $36,941 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

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

GMC Canyon Depreciation

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

Current Vehicle Age
Current Price
Own it For
Annual Miles

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 2020 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% Better
2019 $36,852 $31,223 $363 $5,718 15.48% 83.74% Best
2018 $36,779 $31,520 $454 +$297 -0.95% 84.47% Good
2017 $36,465 $29,816 $591 $1,704 5.41% 80.15%
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% Better
2019 $31,223 83.74% Best
2018 $31,520 84.47% Good
2017 $29,816 80.15%
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%

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: