How fast does the GMC Canyon depreciate?
Average depreciation
8.8%per year
The newest GMC Canyon (2026) has a fair price of about $47,114. Older model years retain progressively less of that value.
Value retention by model year
| Model year | Age (yrs) | Fair price | Retention |
|---|---|---|---|
| 2026 | 0 | $47,114 | 100% |
| 2025 | 1 | $44,166 | 94% |
| 2019 | 7 | $24,758 | 53% |
| 2016 | 10 | $19,207 | 41% |
This is a cross-sectional estimate: it compares the mileage-adjusted market prices of different model years today, not the resale history of a single car. Actual depreciation depends on mileage, condition, trim, and market shifts.
12-year depreciation forecast
Projected resale value and typical accumulated mileage for the GMC Canyon by vehicle age. Rows marked Market are backed by current listings; Projected rows extrapolate the 8.8%-per-year rate.
| Age (yrs) | Model year | Est. miles | Resale value | Retention | Basis |
|---|---|---|---|---|---|
| 0 | 2026 | 0 | $47,114 | 100% | Market |
| 1 | 2025 | 12,000 | $44,166 | 94% | Market |
| 2 | 2024 | 24,000 | $39,230 | 83% | Projected |
| 3 | 2023 | 36,000 | $35,798 | 76% | Projected |
| 4 | 2022 | 48,000 | $32,666 | 69% | Projected |
| 5 | 2021 | 60,000 | $29,808 | 63% | Projected |
| 6 | 2020 | 72,000 | $27,200 | 58% | Projected |
| 7 | 2019 | 84,000 | $24,758 | 53% | Market |
| 8 | 2018 | 96,000 | $22,649 | 48% | Projected |
| 9 | 2017 | 108,000 | $20,667 | 44% | Projected |
| 10 | 2016 | 120,000 | $19,207 | 41% | Market |
| 11 | 2015 | 132,000 | $17,209 | 37% | Projected |
Mileage assumes ~12,000 mi/yr. Projected values use the fitted depreciation rate and are floored at 15% of the newest year's value; they are estimates, not guarantees.
Frequently asked questions
How fast does the GMC Canyon depreciate?
About 8.8% per year, based on a comparison of mileage-adjusted market prices across model years.
What is a GMC Canyon worth after 10 years?
A 2016 GMC Canyon is worth roughly $19,207 — about 41% of the newest year's fair price.
What will a GMC Canyon be worth at 11 years old?
Projecting the 8.8%-per-year rate forward, a 11-year-old GMC Canyon (around 132,000 miles) would be worth about $17,209 — roughly 37% of the newest year's value. A projection, not a guarantee.
Cross-sectional depreciation estimate from live market listings, adjusted for mileage · updated 6/24/2026. Estimates only; your car's value depends on condition, options, and location.