Real price data
What should you pay for a 2016 GMC Canyon?
Original MSRP
$20,940
When new
Fair market price
$19,207
Mileage-adjusted
Below MSRP
$1,733
A fair used price
Where prices land
25th $16,582 · 75th $21,895 · MSRP $20,940
Spread of current 2016 GMC Canyon listings · 25th–75th percentile marked.
Negotiating leverage
54
out of 100
moderate leverage
~49 days of national supply — moderate negotiating leverage.
Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.
Market demand & negotiating leverage
49days of supply
Balanced marketSupply and demand are roughly balanced for the 2016 GMC Canyon.
National Market Day Supply — how long it would take to sell the current used 2016 GMC Canyon inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$19,265–$20,102
Estimated dealer invoice — about $20,940 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| Base | $17,119 | $28,745 | $26,445–$27,595 |
| SLT | $18,778 | $38,260 | $35,199–$36,730 |
| SLE | $19,500 | $34,870 | $32,080–$33,475 |
| sl | — | $20,940 | $19,265–$20,102 |
- Base
- $17,119
- SLT
- $18,778
- SLE
- $19,500
Safety & recalls
4 open NHTSA recalls on record for the 2016 GMC Canyon.
AIR BAGS:FRONTAL
General Motors LLC (GM) is recalling certain 2015-2016 GMC Canyon and Chevrolet Colorado, and 2016 Chevrolet Volt vehicles. The driver's frontal air bag may improperly inflate during second-stage deployment in the event of a high speed crash.
Remedy: GM will notify owners, and dealers will replace the driver's frontal air bag module, free of charge. The recall began November 8, 2017. Owners may contact Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 17387.
Campaign 17V621000 · 05/10/2017
FUEL SYSTEM, GASOLINE:DELIVERY:FUEL PUMP
General Motors LLC (GM) is recalling certain 2015-2018 GMC Canyon, 2016-2017 Buick Envision, 2016-2018 Chevrolet Colorado and Malibu, 2017-2018 GMC Acadia, 2018 Buick LaCrosse, Cadillac ATS, Chevrolet Equinox, and GMC Terrain vehicles. The high pressure fuel pump may detach from its mounting flange, possibly resulting in the pump damaging the high pressure fuel line.
Remedy: GM will notify owners, and dealers will replace the high pressure fuel pump, and high pressure fuel pipe, free of charge. The recall began July 2, 2018. Owners may contact Buick customer service at 1-800-521-7300, Cadillac customer service at 1-800-458-8006, Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 18188.
Campaign 18V358000 · 31/05/2018
LATCHES/LOCKS/LINKAGES
General Motors LLC (GM) is recalling certain model year 2016 Chevrolet Colorado trucks manufactured August 25, 2015 to September 24, 2015, and GMC Canyon trucks manufactured August 28, 2015 to September 24, 2015. The affected vehicles have a console compartment lid latch assembly that may fail to keep the compartment door closed in the event of a crash. As such, these vehicles fail to comply with the requirements of the Federal Motor Vehicle Safety Standard (FMVSS) number 201, "Occupant Protection in Interior Impact."
Remedy: GM will notify owners, and dealers will replace the console compartment door latch assembly, free of charge. The recall began on January 5, 2016. Owners may contact Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 16370.
Campaign 15V807000 · 01/12/2015
AIR BAGS:FRONTAL
General Motors LLC (GM) is recalling certain model year 2016 Chevrolet Colorado vehicles manufactured January 19, 2016, to February 2, 2016, Chevrolet Malibu vehicles manufactured January 9, 2016, to January 26, 2016, and 2016 GMC Canyon vehicles manufactured January 21, 2016, to February 4, 2016. The driver frontal air bag may improperly inflate during second-stage deployment in the event of a high speed crash.
Remedy: GM will notify owners, and dealers will replace the driver side frontal air bag module, free of charge. The recall began on April 14, 2016. Owners may contact Chevrolet customer service at 1-800-222-1020, and GMC customer service at 1-800-462-8782. GM's number for this recall is 28030.
Campaign 16V125000 · 02/03/2016
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2016 GMC Canyon?
A fair, mileage-adjusted price is about $19,207, within a typical market range of $16,582 to $21,895.
Is the 2016 GMC Canyon cheaper than MSRP?
Yes — its original MSRP was about $20,940, so a fair used price is roughly $1,733 below MSRP.
Is now a good time to buy a 2016 GMC Canyon?
There are about 49 days of national market supply for the 2016 GMC Canyon — Supply and demand are roughly balanced for the 2016 GMC Canyon.
How much can you negotiate on a 2016 GMC Canyon?
Negotiating leverage rates 54/100 (moderate). ~49 days of national supply — moderate negotiating leverage.
What does the dealer pay for a 2016 GMC Canyon?
The estimated dealer cost (invoice) is roughly $19,265–$20,102 — its $20,940 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/24/2026. Estimates only; your price depends on condition, options, and location.