Used 2023 GMC Terrain for Sale nearLondon, ON

How much does the 2023 GMC Terrain cost?

Prices have softened 14.01% compared to this time last year, making it a favourable time to shop this model year.

There are 874 listings available, which suggests you should have a reasonable amount of inventory to compare.

Is the 2023 GMC Terrain a good car?

Yes — the 2023 GMC Terrain earns a 5/5 user rating, which points to strong owner satisfaction. It stands out as a compact SUV that leans into comfort, a roomy cabin and a more premium feel than many rivals, while its distinctive, more angular design gives it a tougher personality than the Chevrolet Equinox. For you, that means it makes the most sense if you want everyday usability with a slightly upscale character. With 33.1% of listings marked as good or great deals, there is still meaningful market opportunity if you shop carefully.

Is the 2023 GMC Terrain reliable?

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

The 2023 Terrain’s appeal comes from its comfortable ride, well-equipped cabin and useful standard technology, including Apple CarPlay, Android Auto and several driver-assistance features. It also has a 1.5-litre turbocharged engine and a nine-speed automatic, which should keep ownership straightforward for most used buyers. For long-term ownership, the main risk is that its smaller cargo area and modest engine output may leave you wanting more if your needs grow.

Is now a good time to buy a used 2023 GMC Terrain?

This is a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile options.

• Deal availability: 33.1% of listings are priced as good or great deals.
• Inventory: There are 874 listings available.
• Price trend: Prices have softened 14.01% compared with last year.

If you find a listing below $27,055 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2023 GMC Terrain's resale value?

The current average of $27,055 CAD sits slightly below last year's $31,464 CAD.

That price movement suggests the Terrain has become more accessible for used buyers, but it also means future sellers may face a softer market than owners saw a year ago. If you buy at today’s average, you may have less room for appreciation if prices stay under pressure. On the other hand, a well-kept example can still hold appeal because it offers a comfortable, premium-leaning compact SUV package.

Vehicles with strong owner satisfaction ratings, like this model year's 5/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2023 GMC Terrain 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:

• 33.1% of listings are priced as good or great deals.
• Price trend: Prices have softened 14.01% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $24,505 CAD, the 2022 costs less than the current year's $27,055 CAD average.
• It adds an AT4 trim with a more rugged look.

The bottom line: Choose the 2023 if you want the stronger value balance between price, satisfaction and current market softness. If your priority is spending less upfront, the 2022 is the better secondary path, especially if you like its added rugged styling.

These recommendations are based on CarGurus' proprietary market data from October 20, 2026, CarGurus experts' opinions, and generative AI.