How much does the 2016 GMC Canyon cost?

Prices have softened 6.42% compared to this time last year, making it a favorable time to shop this model year.

There are 532 listings available, which gives you a useful amount of inventory to compare.

If you find a listing below $17,875.65, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 GMC Canyon a good car?

Generally — the 2016 GMC Canyon earns 4.21/5 from owners and 6.33/10 from our experts. The standout strength is Technology at 9/10.

Owners consistently praise its comfortable ride, good looks, and features, and many also like its balance of power and economy. The Canyon is positioned as a midsize truck that gives you a domestic alternative in a segment where buyers often want something smaller and easier to live with than a full-size pickup. That mix makes it appealing if you want truck utility without moving up in size.

Only 29.7% of listings are priced as good or great deals, so the market is selective even if the model itself has broad appeal.

Is the 2016 GMC Canyon reliable?

Owners rate it 4.21/5, a solid signal of long-term satisfaction.

Owner feedback points to a truck that many people found dependable enough to appreciate its comfort, looks, and overall balance, while also noting some unexpected mechanical issues. The expert review also describes the Canyon as structurally strong and robust, which supports the sense that it is built for real truck use. GMC’s cost-effectiveness notes add that the reduced powertrain warranty and fewer free service visits make ownership less forgiving if something goes wrong later.

For used buyers, that means you should pay close attention to maintenance history and condition, because long-term ownership risk is more about individual examples than the model’s basic appeal.

What should I look for when buying a used 2016 GMC Canyon?

At 65.2% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the truck has higher mileage or visible wear. Focus on body condition, signs of prior repair, and whether the truck’s equipment matches the asking price. Because owner feedback mentions unexpected mechanical issues and pricing complaints, condition matters a lot here.

Key things to evaluate:

• Trim level: The Canyon is offered in SL, Canyon, SLE, and SLT trims. Base versions miss some of the nicer touches, while higher trims add more upscale presentation and convenience features.
• Powertrain: Most Canyons use a 3.6-liter V6 with 305 hp and 269 lb-ft of torque, paired with a 6-speed automatic. It delivers strong everyday performance, but you may need to rev it to access peak power.
• Safety package: An optional forward-collision warning system and lane-departure warning are available, but blind-spot information and rear cross-traffic alert are not offered.
• Infotainment: Available IntelliLink adds Apple CarPlay, and the system includes a touchscreen with large, easy-to-use virtual buttons, text messaging support, and Wi-Fi access through OnStar subscription services.
• Fuel efficiency: The V6 is rated at 20 mpg in combined driving, and the test truck returned 20.6 mpg on the test loop. The review also notes that highway mileage can improve with the optional tonneau cover.

Which 2016 GMC Canyon trim should I buy?

The 2016 GMC Canyon is offered in 4 trim levels: SL, Canyon, SLE, and SLT.

Here's the short version:

• Base trim: SL is the most stripped-down choice, so you give up some of the nicer presentation and convenience features found higher up the range.
• Sweet-spot trim: SLE is the best value pick if you want a better balance of equipment and price without jumping to the top trim.
• Premium/top trim: SLT is the most upscale choice, with the richest feature set and the strongest premium feel in the lineup.

The safety-package note to keep in mind is that forward-collision warning and lane-departure warning are available, but blind-spot information and rear cross-traffic alert are not.

Is now a good time to buy a used 2016 GMC Canyon?

The market looks moderately favorable if you are a selective buyer.

• Deal availability: 29.7% of listings are priced as good or great deals.
• Inventory: There are 532 listings available.
• Price trend: Prices have softened 6.42% compared with last year.
• Clean inventory: 65.2% of listings are accident-free.

If you find a listing below $17,875.65, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 GMC Canyon's resale value?

The current average of $18,275 sits slightly below last year's $19,528.

That price movement suggests the Canyon has softened enough to create a better buying opportunity now, but it also means future sellers may need to price carefully to stay competitive. If you buy well today, you may have a better chance of limiting depreciation pressure later. The model’s solid owner satisfaction helps support demand, which can be useful when it is time to resell.

Vehicles with solid owner satisfaction ratings, like this model year's 4.21/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 GMC Canyon safe?

It earns Good ratings from IIHS in moderate overlap frontal-impact testing, and the federal government recorded a three-star rollover resistance rating.

It earns a 5/10 safety score from our experts.

The Canyon offers an optional forward-collision warning system and an available lane-departure warning system. OnStar also provides automatic crash response if the airbags deploy, though that feature requires an active subscription. The review notes that blind-spot information and rear cross-traffic alert are not available, so you should not expect a full suite of modern driver-assistance tech.

Should I buy a 2016 GMC Canyon or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 29.7% of listings are priced as good or great deals.
• At 65.2% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.42% compared with last year.
• Owners rate it 4.21/5 — a solid satisfaction signal.
• It adds Apple CarPlay to the available IntelliLink system and keeps the Canyon’s midsize-truck appeal intact.

Consider the 2017 if:

• At $20,176, the 2017 costs more than the current year's $18,275 average.
• It emphasizes stronger towing and hauling capability in the same compact package.

The bottom line: If you want the better value, the 2016 is the smarter starting point because prices have eased and inventory is available. If you are willing to pay more for the next model year’s capability focus, the 2017 is the better alternative.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.