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Watch out, the competition is starting to really heat up, and the GMC Canyon is adding more fuel to the fire. It managed to take the Toyota Tacoma down to earn an incredibly prestigious award. Check out where the 2023 GMC Canyon wins. 

The 2023 GMC Canyon has the best residual value 

The 2023 GMC Canyon has the best residual value
2023 GMC Canyon | GMC

Congratulations to the 2023 GMC Canyon for being recognized as a J.D.Power AGL Residual Value award winner. It managed to knock the 2023 Toyota Tacoma off the pedestal that it enjoyed for years. The Tacoma won in 2022, while the Canyon received a total refresh. 

The J.D. Power AGL Residual value awards are the standard automotive industry leader for market value projections.

It recognizes the vehicle segments that are projected to maintain the highest percentage of the manufacturer’s suggested retail price after four years for mass-market vehicles and three years for premium luxury options. 

The Canyon is expected to depreciate by 16 percent over five years with a resale value of $38,412. It could maintain up to 84 percent of the original investment. 

How reliable is the 2023 Canyon?

The 2023 GMC Canyon has an average reliability ranking. It earned a score of 80 out of 100 from J.D.Power. Any score between 70 to 80 is average, while 81 to 90 is great, and 91 to 100 is the best. 

You can expect the average Canyon to last over 200,000 miles. But with proper care and regular maintenance, you can extend its life beyond 300,000 miles. If you drive an average of 15,000 miles per year, your Canyon could provide up to 20 years of service. 

The 2023 Toyota Tacoma has a slight edge with a higher reliability ranking. The average model can make it to 300,000 miles, and some examples are still running with over 400,000 miles on the odometer. 

It costs about $548 to maintain the Canyon on an annual basis. This is average for trucks, while other new vehicles cost about $652 to maintain yearly. 

The probability of the Canyon needing a severe or significant repair is low compared to the segment average. It also has a low frequency of unexpected repairs. 

What makes the 2023 Canyon worth it? 

2023 GMC Canyon interior
2023 GMC Canyon interior | GMC

The 2023 GMC Canyon received a complete overhaul. It has a new exterior design that’s modern and more confident. It’s also more capable than before with the addition of the AT4X model

Plus, the interior has a modern style with advanced tech. The exclusive CoreTec synthetic leather upholstery is plush, premium, and durable. There are luxury touches such as laser-etched wood and dual-tone leather with accent stitching. 

An 11.1-inch infotainment screen with wireless Apple CarPlay/Android Auto is standard. The 8.0-inch digital gauge cluster is standard, but you can upgrade to the 11.1-inch unit. New trail cameras provide underbody and 360-degree views with 10 views total. 

The turbocharged 2.7-liter four-cylinder high-output engine cranks out 310 hp and 430 lb-ft of torque to improve the Canyon’s off-roading prowess. 

The new Canyon excels with an off-roading focus and luxury comfort that the previous generation was sorely lacking. It’s become a true competitor in the segment.