The Most Expensive Pickup Trucks for 2023

Expensive pickup trucks are extremely popular here in the United States. At the same time, they are also some of the most expensive vehicles that you can buy new. When I tested the 2022 Toyota Tundra earlier this year, it had a sticker price of over $90,000. And that is certainly not cheap. So, what are the most expensive pickup trucks going into 2023?

Why are trucks so expensive?

Simply put, trucks are expensive because they are durable and versatile. Typically, they have strong resale values, and that shows that folks are willing to pay a premium for this kind of vehicle. 

A red 2023 Ford F-150 Lightning electric pickup truck is driving on the road.
The 2023 Ford F-150 Lightning | Ford

Then, there’s the fact that it’s what people are willing to pay. Most manufacturers invest quite a bit of money into trucks, giving them a lot of comfort features and capability. Consumers seem fine to pay a premium to get that. 

3. 2022 GMC Hummer EV

It’s not all that surprising to see an electric truck as one of the more expensive models. The Hummer EV has a starting MSRP of $110,295, which means you will need to spend over $100k just to buy one. And it’s likely that dealerships will be marking these models up for the foreseeable future. 

A white GMC Hummer EV electric pickup truck driving past palm trees
GMC Hummer EV | GMC

The Hummer EV does have quite a bit to like about it, though. It offers rear-wheel steering, a 360-degree camera, and other helpful items. Additionally, you get the benefits of having an EV, which means no filling up at the pump. For a massive truck like this, that is definitely a good thing. 

This electric truck also boasts legitimate off-road capability. Even if the majority of owners don’t off-road the Hummer EV, that is a nice feature to have. 

2. 2023 Toyota Tundra

For 2023, Toyota’s full-size truck is one of the most expensive models in its segment. It has a starting MSRP of $39,600, and it does not even offer a V8 engine. That said, I found the 3.5-liter V6 twin-turbo to provide enough power while driving the Tundra Capstone for a week. 

A white 2022 Toyota Tundra Capstone displays the luxury of this full-size truck
Toyota Tundra Capstone | Eric Boman, MotorBiscuit

It is less configurable than other full-size trucks, according to TrueCar, but it was recently redesigned. And its new generation makes for a good-looking exterior and plenty of room in the cabin. 

Even the base trims of this pickup get a good list of standard features. And for a starting price of nearly $40k, they better. It can also be had as a hybrid truck, which is likely good for those who are looking to save on fuel. 

1. 2023 GMC Canyon

The GMC Canyon is a mid-size truck, and it shares its platform with the Chevy Colorado. The Canyon is meant to add some luxury to this segment, and it does a fairly good job. Especially with its top-of-the-line Denali trim level. In terms of MSRP, this truck starts at $28,995, but some models can climb to about $50k. 

A 2023 GMC Canyon AT4X Edition 1 shows off its looks as a mid-size truck. It's not cheap though.
2023 GMC Canyon | GMC
Related Driven: The 2022 Toyota Tundra Capstone Is a Bougie Luxury Car In Truck Form

Driven: The 2022 Toyota Tundra Capstone Is a Bougie Luxury Car In Truck Form

One exciting thing about the Canyon is its new AT4X trim. This makes the Canyon a legitimate off-road truck, competing with models like the Toyota Tacoma TRD Pro. Opting for this model also gets you a pretty potent engine, even if it is only a four-cylinder.