Used 2023 GMC Terrain for SaleNationwide

How much does the 2023 GMC Terrain cost?

Prices have softened 13.30% compared to this time last year, making it a favourable time to shop this model year.

There are 856 listings available, which gives you a solid 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 strong safety equipment rather than outright space or performance. For you, that means it makes the most sense if you want a premium-feeling small SUV with a comfortable ride, a well-equipped interior and a used price that can be easier on the budget than some rivals. 33.9% of listings are priced as good or great deals, which gives you some room to shop selectively.

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 comfort-focused character, standard safety technology and upscale-feeling cabin touches rather than complexity. It carried over the second-generation formula with a 1.5-litre turbocharged engine, a nine-speed automatic and standard Apple CarPlay and Android Auto, which keeps the ownership experience straightforward. For used buyers, the main long-term risk is that you should expect a practical, comfort-first SUV rather than a vehicle built around strong performance or maximum cargo flexibility.

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

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

• Deal availability: 33.9% of listings are priced as good or great deals.
• Inventory: There are 856 listings available.
• Price trend: Prices have softened 13.30% compared with last year.

If you find a listing below $27,455 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 $27,927 CAD sits slightly below last year's $32,210 CAD.

That price movement suggests the Terrain has become more affordable for buyers, which can make it easier to move later if you price it competitively. For a future seller, the softer market means you may need to be realistic on asking price to stand out. The good news is that a well-kept Terrain still has appeal for shoppers who want comfort, safety and a premium-feeling small SUV.

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:

• 33.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.30% compared with last year.
• Owners rate it 5/5 — a strong satisfaction signal.

Consider the 2022 if:

• At $24,869 CAD, the 2022 costs less than the current year's $27,927 CAD average.
• It is comfortable and easy to use.

The bottom line: Choose the 2023 if you want the stronger overall used-market balance of comfort, safety equipment and pricing. If your priority is spending less up front, the 2022 is the better value play, especially if you can live with its older setup and want to keep your budget tighter.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.