Used 2020 Chevrolet Colorado for Sale nearLondon, ON

How much does the 2020 Chevrolet Colorado cost?

Prices have softened 7.91% compared to this time last year, making it a favourable time to shop this model year.

There are 114 listings available, which suggests a modest amount of inventory for you to compare.

Is the 2020 Chevrolet Colorado a good car?

Yes — the 4.67/5 user rating points to strong owner satisfaction. The 2020 Chevrolet Colorado stands out as a midsize pickup that balances everyday usability with real capability, and it gives you a good blend of comfort and utility. If you want a truck that can do more than basic commuting, its towing strength and available off-road hardware are major draws. With 24.6% of listings marked as good or great deals, you still have some room to shop carefully.

Is the 2020 Chevrolet Colorado reliable?

Owners rate it 4.67/5, a strong signal of long-term satisfaction.

The 2020 Colorado does have a reputation for transmission issues, and the base four-cylinder and WT trims are not the strongest choices in the range. Even so, the truck remains appealing because it offers good value and useful equipment, especially in its mid-range and higher trims. For used buyers, that means long-term ownership risk is worth weighing carefully against the truck’s capability and equipment.

Is now a good time to buy a used 2020 Chevrolet Colorado?

It looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay patient.

• Deal availability: 24.6% of listings are priced as good or great deals.
• Inventory: There are 114 listings available.
• Price trend: Prices have softened 7.91% compared with last year.

If you find a listing below $26,719 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2020 Chevrolet Colorado's resale value?

The current average of $27,114 CAD sits slightly below last year's $29,441 CAD.

That softer pricing suggests the market has become a bit more favourable for buyers, which can make future resale a little more competitive if you sell soon. If prices continue to stabilise, you may see less downside pressure than you would in a rapidly falling market. Vehicles with strong owner satisfaction ratings, like this model year's 4.67/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2020 Chevrolet Colorado or consider a different year?

If you're weighing the 2020 against nearby model years, here's how to think about it:

Choose the 2020 if:

• 24.6% of listings are priced as good or great deals.
• Price trend: Prices have softened 7.91% compared with last year.
• Owners rate it 4.67/5 — a strong satisfaction signal.

The bottom line: The 2020 Colorado makes sense if you want a midsize pickup with useful capability, a solid equipment spread, and some pricing softness to work in your favour. If you are especially price-sensitive, you can also compare nearby years to see whether a similar truck lands closer to your budget, but the 2020 is the better primary pick when you want a balanced mix of value and capability.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.