How much does the 2023 Chevrolet Colorado cost?

Prices have softened 6.98% compared to this time last year, making it a favorable time to shop this model year.

There are 4,617 listings available, which suggests solid inventory availability.

If you find a listing below $31,771.62, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Chevrolet Colorado a good car?

The 2023 Chevrolet Colorado is a strong fit if you want a midsize truck that leans into capability, tech, and off-road character, though it comes with a few notable compromises. It earns a 3/5 user rating and a 6.5/10 expert rating.

The standout strength is Technology at 9/10.

Chevrolet gives even the base Work Truck modern instrumentation, infotainment, connectivity, and safety technologies, and the truck’s crew-cab, short-bed setup keeps the formula focused on everyday usability. It also brings robust payload and towing numbers, plus a design that stands out in the segment.

The trade-offs are clear: the forward collision warning system is aggravating, fuel economy is poor, and the interior materials feel cheap.

With 29.0% of listings marked 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 setup and a robust truck platform, which supports its work-ready mission. The expert evaluation also describes it as robustly engineered, and the powertrain is presented as supplying plenty of power.

The performance write-up emphasizes that the truck’s hardware is designed to handle real work and off-road use, while the cost-effectiveness notes point out that fuel savings may be offset over time by fuel use. Chevrolet also includes modern maintenance and ownership conveniences through connected services and onboard tech, which can help with day-to-day use.

For used buyers, the bigger long-term risk is that a truck with this much capability can become expensive to live with if you prioritize efficiency and low running costs.

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

Accident-free inventory is solid at 87.7% — always verify the vehicle history report.

You should still check the history report carefully, because accident-free status does not replace a proper inspection. Pay close attention to the cabin, the condition of the safety systems, and whether the truck’s equipment matches the trim you’re considering. If you plan to use it for towing or off-road driving, inspect for signs of hard use underneath as well.

Key things to evaluate:

• Trim level: The base Work Truck gets modern instrumentation, infotainment, connectivity, and safety tech, but the LT, Z71, and ZR2 bring nicer cabins and more body-color treatment, while the Trail Boss adds a purposeful skid plate.
• Powertrain: Every model uses a turbocharged 2.7-liter four-cylinder engine, with stronger output in Trail Boss, Z71, and ZR2 trims; the ZR2 gets the most 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. Optional upgrades include adaptive cruise control, blind-spot monitoring with active steering assist, rear cross-traffic and pedestrian alert with automatic braking, and rear parking sensors.
• Infotainment: Every Colorado gets an 11.3-inch touchscreen with Google Built-in, wireless Apple CarPlay, wireless Android Auto, Bluetooth, SiriusXM, OnStar, Chevrolet connected services, and a Wi-Fi hotspot.
• Fuel efficiency: The expert evaluation says fuel economy is disappointing, and the Trail Boss test loop returned 17 mpg against an official EPA rating of 19 mpg.

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 value play if you want the Colorado’s core tech and capability without paying for extra off-road hardware. Even here, you still get the modern digital instrumentation and 11.3-inch touchscreen, so the truck doesn’t feel stripped down.
• LT: This is the best-value trim for most shoppers because it adds a more polished feel while staying on the practical side of the lineup. It also keeps the option of 2WD or 4WD and can be paired with the stronger engine tune.
• Trail Boss: Choose this if you want a more serious off-road setup right away. It adds a 2-inch suspension lift, all-terrain tires, standard 4WD, and hill descent control, making it the right fit for buyers who plan to leave pavement often.
• Z71: This is the more balanced off-road and daily-driver choice if you want capability with a nicer cabin than the lower trims. It also gets the stronger engine output and standard 4WD.
• ZR2: This is the most capable version, with a 3-inch lift, Multimatic DSSV dampers, mud-terrain tires, and the most torque. It makes sense if off-road performance is your top priority.

Chevy Safety Assist is standard across the lineup, while adaptive cruise control, blind-spot monitoring, rear cross-traffic and pedestrian alert, and rear parking sensors remain optional.

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

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

• Deal availability: 29.0% of listings are priced as good or great deals.
• Inventory: There are 4,617 listings available.
• Price trend: Prices have softened 6.98% compared with last year.
• Clean inventory: 87.7% of listings are accident-free.

If you find a listing below $31,771.62, 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 $33,927 sits slightly below last year's $36,474.

That price movement suggests the Colorado has softened enough to help you buy more selectively today. If you’re a future seller, it also means your resale outcome will depend heavily on condition, mileage, and trim desirability rather than broad market momentum alone.

Because the truck’s average price is down year over year, you should expect buyers to be price-sensitive when you eventually list it. Well-equipped trims and clean history should matter more than ever if you want to protect value.

Is the 2023 Chevrolet Colorado safe?

The 2023 Chevrolet Colorado does not earn a strong expert safety score, and the safety write-up highlights a major issue with the forward collision warning system.

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

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. OnStar SOS emergency calling and automatic crash notification are also included, along with Teen Driver and Buckle to Drive.

The main caveat is the forward collision warning system’s false alerts, which the expert evaluation describes as overly sensitive and aggravating. Optional safety upgrades include adaptive cruise control, blind-spot monitoring with active steering assist, rear cross-traffic and pedestrian alert with automatic braking, and rear parking sensors.

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:

• 29.0% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.7% — always verify the vehicle history report.
• Price trend: Prices have softened 6.98% compared with last year.
• The 2023 emphasizes modern tech, off-road capability, and a crew-cab, short-bed layout.

Consider the 2024 if:

• At $37,625, the 2024 costs more than the current year's $33,927 average.
• It brings a bold redesign with more contemporary lifestyle-pickup appeal.

The bottom line: If you want the better value, the 2023 is the smarter buy because it already delivers strong tech and capability at a lower average price. If you’re willing to pay more for the newer redesign and a more contemporary feel, the 2024 is the better path; price-sensitive buyers should stay focused on the 2023.

These recommendations are based on CarGurus' proprietary market data from August 28, 2026, CarGurus experts' opinions, and generative AI.