GMC Canyon Resale Value and Depreciation
See how much the GMC Canyon depreciates and retains its value over a 3-, 5-, 7- and 10-year timeframe.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new GMC Canyon depreciates 35.4 percent after five years, resulting in a resale value of $23,246. In comparison, the midsize pickup truck category, which the GMC Canyon belongs to, loses 32.1 percent of its value after five years. For further context, the five-year depreciation for all pickups is 37.7 percent and for all vehicles is 43.7 percent.
If you plan to drive a new GMC Canyon for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an GMC Canyon sees a depreciation of 21 percent with a resale value of $28,428. Its 7-year depreciation is 41.6 percent and 10-year depreciation is 55.3 percent.
Depreciation is the single largest factor in the cost of owning a vehicle. That means knowing how much a vehicle depreciates over time and how well it will hold its value is important. iSeeCars analyzed over 15 million vehicles to determine how much each model depreciates over a 3-, 5-, 7- and 10-year period. Typically, five years is the timeframe used to evaluate and compare depreciation across vehicles.
A new GMC Canyon depreciates 35.4 percent after five years, resulting in a resale value of $23,246. In comparison, the midsize pickup truck category, which the GMC Canyon belongs to, loses 32.1 percent of its value after five years. For further context, the five-year depreciation for all pickups is 37.7 percent and for all vehicles is 43.7 percent.
If you plan to drive a new GMC Canyon for shorter or longer than five years, check the depreciation data for the other time periods. After three years, an GMC Canyon sees a depreciation of 21 percent with a resale value of $28,428. Its 7-year depreciation is 41.6 percent and 10-year depreciation is 55.3 percent.
GMC Canyon Depreciation After 3, 5, 7 and 10 Years
GMC Canyon Depreciation and Resale Value
| Vehicle Age | % Depreciation | $ Depreciation | % Residual Value | $ Residual Value |
|---|---|---|---|---|
|
3 Years |
21% |
$7,572 |
79% |
$28,428 |
|
5 Years |
35.4% |
$12,754 |
64.6% |
$23,246 |
|
7 Years |
41.6% |
$14,990 |
58.4% |
$21,010 |
|
10 Years |
55.3% |
$19,919 |
44.7% |
$16,081 |
GMC Canyon Depreciation Comparison
| 3-Year Depreciation | 5-Year Depreciation | 7-Year Depreciation | 10-Year Depreciation | |
|---|---|---|---|---|
|
GMC Canyon |
21% |
35.4% |
41.6% |
55.3% |
|
All Midsize Pickup Trucks |
19.2% |
32.1% |
38.3% |
43.7% |
|
All Pickups |
23.7% |
37.7% |
46.6% |
57.5% |
|
All Cars |
30.5% |
43.7% |
54.5% |
65.7% |
Methodology
iSeeCars analyzed over 15 million vehicles to calculate the depreciation and resale value for each model after 3, 5, 7, and 10 years. The depreciation for a given model is calculated from the difference between the new car price and the used car price for the model at each age. Factors such as the carâs automaker and vehicle segment are taken into account in iSeeCars' mathematical model to estimate resale value and depreciation. Various segment averages are also calculated for context.