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Should I Buy Now or Wait? (2021/22 Canyon AT4)

1742 Views 20 Replies 8 Participants Last post by  Trent Larson
I've never been a truck person and back in 2020, I bought my first (a new TRD Sport 4x4 Tacoma) to use as my sole vehicle. After 4 months, I decided it wasn't for me and moved back to an SUV. Fast-forward to today and I'm now looking at picking up a used pickup as a secondary vehicle.

Test drove a 2021 Tacoma and a 2022 Canyon AT4 back to back and felt the GMC drove better. The Tacoma did have some Toyo knobby off-road tires on it which may have attributed to the crappy drive. Interior and exterior was a wash between the two vehicles with each have likes/dislikes.

Anyhow, with the 2023/24's Canyon/Colorados coming out as we speak, wondering if I should hold off a bit and see what the used market looks like a month or 2 from now. Surely there will be an uptick in 2nd gens being traded in for the new models.

Right now, I'm looking at a few 2021/2022's but prices seem to be creeping up from where they were most of February. Tacoma prices are even worse and based on the ho-hum 4K mile experience I had on my 2020, not sure I wanna spend more money on a Taco again vs going with a Canyon. Looking to stay in the $36-38K range since this is really just a backup vehicle. With that said, the 2023 is nice but not looking to spend $40K+.
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Hi! I’m not the OP, but had the same question. Just came back from Gillman GMC in San Benito, TX (also Gilllman Honda) where I just traded in the 2021 HRV for new 2022 Elevation 4dr v-6 with towing package. I pick it up Monday, 3/20/2023. Lots of reasons why I went with a 2022 instead of 2023 - v-6, less touch screen, and no stop start. I was able to get the 4.74 % GMC finance rate. I preferred the less technology 2022 to the 2023. FWIW there is not another new GMC Canyon 2022 at any dealership right now within 200 miles of the Lower Rio Grande Valley here in South Texas.
Something to be said for buying a last year of a production for a given generation. Figure they tweaked things with small improvements along the way. Definitely the 8 speed got allot better in the final year. May even be latest version on the 23. It's almost a given there will be some issues on the new one. Because you really never know until its released in the wild which generally will expose the problems. If this is not true it would be the first time in motor car history.
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