Should You Buy a 2022 Chevy Colorado Now, or Wait for the All-New 2023?

The 2022 Chevy Colorado midsize truck has soldiered on for several years as a good-looking pickup with just a few changes since the 2015 model year. Chevy has decided it was time to update the truck with a total refresh for 2023 to keep pace. The midsize truck segment is one of the most dynamic, and competitive, with several trucks like the Toyota Tacoma and the Ford Ranger all aiming at the same buyer. The new 2023 Chevy Colorado will be wholly new, bigger, and more powerful.

But when a manufacturer fully redesigns a model, that usually means that dealers will be eager to get rid of the outdated versions left on their lots, often at a good discount. Is it worth it to buy a 2022 at a discount, or should you wait for the all-new 2023?  

Chevy is fully redesigning the Colorado for 2023

a trio of 2023 Chevy Colorado trucks in the desert
Three versions of the Chevy Colorado truck

The 2023 Chevy Colorado will be all new. From front to back, the truck gets a full refresh that includes one new engine option (more on that later), a new look that reminds us of the Silverado, better performance, and a whole lot more. Chevy said that the designers focused on design, performance and technology. In the preliminary information and pictures the brand has released, it looks like they have succeeded.

The 2023 version isn’t just a reskin. It comes on a new chassis with a 3.1-inch-longer wheelbase that will give it better overhangs for off-road work and will likely contribute some big-truck-like stability and utility. It can tow more, haul more, and will come with some special trim packages, such as the Bison off-road package. Pricing has not been released.

The 2022 Colorado packed a lot of value (but not much else)

2019 Chevy Colorado | GM
2019 Chevy Colorado | GM

The 2022 Colorado starts at $25,200 for the work truck, which is a good truck for doing basic truck stuff. But it was never a favorite from magazine reviewers, like those at Consumer Reports or owners surveyed at J.D. Power. Even with the more powerful V6, reviewers said that it needed more power and that the ride needed improvement. When it was launched in 2015, the updated truck was cutting edge, but its competitors have moved on and the Colorado is now, too.  

The 2022 Colorado could get diesel power, but the 2023 is more powerful without it

2019 Colorado Diesel | Chevrolet

The 2023 Colorado will have one engine, a 2.7-liter turbocharged four-cylinder, but it will come in three different power levels ranging from 237 horsepower to 310 horsepower. While in top trim the engine produces a tiny bit more horsepower than the outgoing V6, it makes 430 lb-ft of torque, which is more than even the diesel, with 369 lb-ft, that the 2022 makes. Though it’s inexpensive, the 2022 did have some reliability concerns.

The 2022 comes standard with a 2.5-liter four-cylinder that makes an adequate 200 horsepower or a 3.6-liter V6 that makes 308 horsepower. The Colorado has been the only midsize truck available with a diesel for several years, and it did give the 2022 a 7,700-pound tow rating. However, the 2023 can tow just as much.

The 2023 Chevy Colorado gets new tech, too

Cherry Red Tintcoat 2023 Chevy Colorado driving on a dirt road
Cherry Red Tintcoat 2023 Chevy Colorado | Chevrolet

The new Colorado will have five drive modes, depending on the model, that range from normal to Baja. It will also get Chevy Safety Assist, which is Chevy’s package of driver aids. Those include automatic emergency braking, lane keep assist, and available adaptive cruise control and rear pedestrian alert. On the inside, you can get a new 11.3-inch screen, and newly-de

The advantage in technology easily goes to the new truck. In the 2022 you can get limited options, such as wireless charging, Apple CarPlay, and a wi-fi hotspot. Forward collision alert and lane departure warning are available.

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