Used 2023 Chevrolet Colorado for Sale nearPeterborough, ON

How much does the 2023 Chevrolet Colorado cost?

Prices have softened 6.56% compared to this time last year, making it a favourable time to shop this model year.

There are 275 listings available, which gives you a solid amount of inventory to compare.

Is the 2023 Chevrolet Colorado a good car?

The 2023 Chevrolet Colorado is a strong fit if you want a midsize truck with a clear rugged identity, modern tech, and serious capability, though it comes with a few notable compromises. It earns 3/5 from users and 6.5/10 from our experts.

The standout strength is Technology at 9/10.

Chevrolet has focused this version on the basics many truck buyers want, so it comes only as a crew-cab, short-bed model, and much of the trim range leans towards off-road use. That gives it a practical, rugged character that suits buyers who want a truck that looks the part and is built to handle more than just daily commuting.

The trade-offs are clear: the interior materials feel cheap, and the forward collision warning system can be aggravating. Poor fuel economy is another drawback, especially if you plan to use it as an everyday vehicle.

With 30.9% of listings priced as good or great deals, you have some room to shop selectively.

Is the 2023 Chevrolet Colorado reliable?

The 2023 Chevrolet Colorado is built around a turbocharged four-cylinder powertrain and a modern feature set, which gives it a strong foundation for everyday use. Chevrolet also equips it with a broad list of standard safety and connectivity technology, and the truck’s robust engineering and capability are part of its appeal.

The powertrain is described as satisfyingly swift, and the truck is noted for its structural rigidity and composed behaviour on pavement. That said, the fuel economy is disappointing, and the forward collision warning system can be overly sensitive enough to become a real annoyance.

Chevy’s standard safety suite includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane-departure warning, lane-keeping assist, and automatic high-beam headlights. OnStar SOS emergency calling, automatic crash notification, Teen Driver, and Buckle to Drive are also included.

For used buyers, the main long-term ownership risk is that the warning-system behaviour could remain a persistent frustration if you live with it every day.

What should I look for when buying a used 2023 Chevrolet Colorado?

Key things to evaluate:

• Trim level: The base Work Truck trim gets the modern instrumentation, infotainment, connectivity, and safety tech, but the WT and tested Trail Boss both have a relentlessly gray front fascia and a cheap-feeling interior. Other trims get nicer cabins, and the Trail Boss adds a purposeful front skid plate that the WT lacks.
• Powertrain: Every 2023 Colorado uses a turbocharged 2.7-litre four-cylinder engine. WT and LT trims make 237 horsepower and 260 pound-feet of torque, while Trail Boss, Z71, and ZR2 models use a stronger 310-horsepower version; the ZR2 adds even more torque.
• Safety package: Chevy Safety Assist is standard and includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane-departure warning, lane-keeping assist, and automatic high-beam headlights. Adaptive cruise control, blind-spot monitoring with active steering assist, rear cross-traffic and pedestrian alert with automatic braking, and rear parking sensors are optional.
• Infotainment: Every Colorado gets an 11.3-inch touchscreen with Google Built-in, wireless Apple CarPlay, wireless Android Auto, Bluetooth, SiriusXM satellite radio, OnStar, Chevrolet connected services, and a Wi-Fi hotspot. The digital instrumentation is 8 inches on most trims and 11 inches on the ZR2.
• Fuel efficiency: The Trail Boss test truck returned 13.8 L/100 km in testing, and its official Natural Resources Canada rating is 12.4 L/100 km combined.

Which 2023 Chevrolet Colorado trim should I buy?

The 2023 Chevrolet Colorado is offered in 5 trim levels: WT, LT, Trail Boss, Z71, ZR2.

Here's the short version:

• WT: This is the entry point, but it still gets the modern digital instrumentation, the 11.3-inch touchscreen, and the standard safety suite. It makes the most sense if you want the Colorado’s core tech and capability without paying for off-road extras.
• LT: This trim adds more equipment while keeping the same 237-horsepower version of the turbocharged 2.7-litre engine. It is the best-value choice if you want a more balanced daily driver with available 4WD and a less bare-bones feel.
• Trail Boss: This is the sweet spot if you want the Colorado’s off-road character without jumping to the most expensive trims. It adds a suspension lift, all-terrain tyres, hill descent control, and a two-speed transfer case.
• Z71: This trim builds on the Trail Boss formula with more power and a more polished setup for buyers who want stronger capability and a better-equipped truck.
• ZR2: This is the most extreme off-road version, with the most aggressive hardware, mud-terrain tyres, exclusive dampers, and the larger 11-inch instrument display.

Chevy Safety Assist is standard, while several useful driver-assistance upgrades remain optional on lower trims.

Is now a good time to buy a used 2023 Chevrolet Colorado?

This is a moderate market for selective buyers, so it makes sense to compare listings carefully and move quickly on well-priced examples.

• Deal availability: 30.9% of listings are priced as good or great deals.
• Inventory: There are 275 listings available.
• Price trend: Prices have softened 6.56% compared with last year.

If you find a listing below $42,769 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 Chevrolet Colorado's resale value?

The current average of $42,769 CAD sits slightly below last year's $45,770 CAD.

That softer pricing suggests the Colorado has become a more approachable used buy than it was a year ago. If you plan to sell later, you should expect the market to remain sensitive to condition, trim, and equipment because buyers can compare against a fairly wide spread of listings.

The current trend also means your best resale outcome will likely come from a well-kept truck with desirable equipment and a clean history. Lower-priced examples may move quickly, but higher-mileage or poorly equipped trucks could face more pressure.

Is the 2023 Chevrolet Colorado safe?

The 2023 Colorado earns a three-star overall rating from NHTSA.

It earns a 3/10 safety score from our experts.

Chevy Safety Assist is the standard driver-assistance suite, and it includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane-departure warning, lane-keeping assist, and automatic high-beam headlights. OnStar SOS emergency calling, automatic crash notification, Teen Driver, and Buckle to Drive are also part of the safety story.

The main caveat is the forward collision warning system, which can be overly sensitive and produce false alerts. Optional upgrades such as adaptive cruise control, blind-spot monitoring with active steering assist, rear cross-traffic and pedestrian alert with automatic braking, and rear parking sensors are available, but they are not standard.

Should I buy a 2023 Chevrolet Colorado or consider a different year?

If you're weighing the 2023 against nearby model years, here's how to think about it:

Choose the 2023 if:

• 30.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 6.56% compared with last year.
• It delivers strong tech, solid capability, and a clear off-road focus.

Consider the 2024 if:

• At $46,961 CAD, the 2024 costs more than the current year's $42,769 CAD average.
• It adds a more approachable cabin and refined handling.

The bottom line: Choose the 2023 if you want a lower entry price and strong equipment for the money. If you are price-sensitive, the 2023 is the better path; if you want the newer truck’s broader polish and can spend more, the 2024 is worth a look.

How does the 2023 Chevrolet Colorado compare to the 2023 GMC Canyon?

Expert Pros & Cons (per CarGurus review team)

2023 Chevrolet Colorado:

• Pros: Stylish design, Impressive off-roading capability, Impressive technology.
• Cons: Aggravating forward collision warning system, Poor fuel economy, Interior materials feel cheap.

2023 GMC Canyon:

• Pros: Powerful engine, Comfortable, Impressive technology.
• Cons: Advanced safety features are not standard, Poor value for money, Fewer available configurations than before.

Our experts score the 2023 Chevrolet Colorado 6.5/10 and the 2023 GMC Canyon 7.3/10. The Colorado leans harder into rugged style and off-road ability, while the Canyon is the stronger all-rounder with a more powerful engine and a more comfortable feel. The Colorado’s weak fuel economy and cheap-feeling interior are real drawbacks, but it also offers strong technology and a lower average used price.

Read our full side-by-side expert comparison here.

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.