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Huge price hike for 2023 GMC Canyon


The starting price for the 2023 GMC Canyon is thousands of dollars higher than the prior generation with far fewer options.

For 2023, the midsize GMC truck will be crew cab only with a short bed. Plus, it has a single 2.7-liter turbocharged inline four-cylinder engine. While this is the same engine we see in the 2023 Chevy Colorado, this version only comes in the Turbo High-Output option.

Price hike for 2023 GMC Canyon

With the slimmed down product offerings, it’s hard to do a true apples-to-apples comparison since the 2022 Canyon was offered with an extended cab and crew cab in either a short or long box.

The starting price for these configurations, per the GMC build-and-price tool, is $28,995 for the extended cab and $30,895 or $41,595 for either the short or long bed with the crew cab model.

Now, the 2023 GMC Canyon will have a starting MSRP of $38,095, according to GMAuthority.com, which includes the $1,495 destination charge. This is for a 2WD Elevation trim.

Moving beyond the Elevation trim, the AT4 will start at $45,395, Denali is $52,495, AT4X is $56,995, and the top trim AT4X edition 1 starts at $66,290.

The Elevation trim is the only one offered in both 2WD and 4WD. All other models are 4WD only.

Customers should be able to place an order for a new 2023 GMC Canyon now with production ramping up in January, 2023.

The bottom line

While everything is getting more expensive, these prices for a midsize pickup are going to give people some real pause. Looking at the AT4 and Denali volume models, you’re talking $45-52k plus options, taxes, registration, etc.

It wasn’t so long ago the midsize pickup was considered the cheaper and more fuel-efficient version of a full-size truck. Those days are long gone, apparently.

Tim Esterdahl

Automotive Journalist Tim Esterdahl has been a lover of trucks and SUVs for years. He has covered the industry since 2011 and has pieces in many national magazines and newspapers. In his spare time, he is often found tinkering on his '62 C10 pickup, playing golf, going hunting and hanging out with his wife and kids in Nebraska.

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