How much does the 2023 Chevrolet Colorado cost?

Prices have softened 7.48% compared to this time last year, making it a favorable time to shop this model year.

There are 4,646 listings available, which gives you a solid pool to compare trims, mileage, and condition. If you find a listing below $31,779.52, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2023 Chevrolet Colorado a good car?

With a 3/5 user rating and a 6.5/10 expert rating, this Colorado looks appealing if you want a midsize truck that leans into style, capability, and tech rather than bare-bones utility.

The standout strength is Technology at 9/10.

The Colorado’s appeal is strongest if you want a crew-cab, short-bed truck that feels modern and well equipped even in base form. The overview and test-drive notes point to strong payload and towing numbers, plus a cabin that gets digital instrumentation, a large touchscreen, and connected features across the lineup.

The trade-offs are clear: the interior materials feel cheap, fuel economy is poor, and the forward collision warning system can be aggravating. Those drawbacks matter most if you want a truck that feels polished in everyday commuting as much as it does on the trail.

With 33.4% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2023 Chevrolet Colorado reliable?

The Colorado’s appeal is built around robust engineering and a powertrain that delivers plenty of power for the class.

Its turbocharged four-cylinder setup is described as strong and capable, and the truck’s structure and suspension are presented as durable enough for both pavement and rough terrain. The test-drive notes also suggest the Colorado handles hard use well, with confident off-road behavior and a quiet, composed ride on the road.

Chevrolet’s standard safety suite adds useful everyday protection, and the truck includes connected emergency features and driver-monitoring tools. If you’re shopping used, the biggest long-term ownership risk is that a recurring safety-system annoyance could become a daily frustration.

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

Accident-free inventory is solid at 87.8% — always verify the vehicle history report.

You should still check the history report carefully, because accident-free status does not replace a proper inspection. Focus on cabin condition, electronic feature operation, and whether the truck’s safety systems behave normally on a test drive. If possible, spend extra time evaluating how the truck drives at low speeds and on rough pavement, since that’s where comfort and calibration issues are easiest to notice.

Key things to evaluate:

• Trim level: The base Work Truck trim gets modern instrumentation, infotainment, connectivity, and safety tech, but it still has a gray front fascia and a cheap-feeling interior. Higher trims add nicer cabins and more body-color treatment, while the off-road-oriented versions bring more purposeful hardware.
• Powertrain: Every model uses a turbocharged 2.7-liter four-cylinder with an eight-speed automatic. WT and LT versions make 237 horsepower and 260 lb-ft, while Trail Boss and Z71 models make 310 horsepower and 391 lb-ft.
• 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, connected services, and a Wi-Fi hotspot. The digital instrumentation is 8 inches on most trims and 11 inches on ZR2.
• Fuel efficiency: The Trail Boss is rated at 19 mpg, and testing returned 17 mpg. The broader test-drive notes also describe fuel economy as poor.

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:

• Base trim: WT gives you the modern tech and safety foundation, but it also has the plainest appearance and the least upscale cabin treatment.
• Sweet-spot trim: LT is the best value if you want the core Colorado experience with more everyday polish and available 2WD or 4WD flexibility.
• Premium/top trim: ZR2 is the most capable and most feature-rich choice, with the strongest off-road hardware and the largest driver display.
• Off-road trim: Trail Boss is the one to watch if you want off-road hardware without going all the way to ZR2, but its stiff ride and fuel economy make it less appealing for routine commuting.

Chevy Safety Assist is standard across the lineup, but the optional driver-assistance upgrades are worth seeking out if you want a more complete safety package.

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

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

• Deal availability: 33.4% of listings are priced as good or great deals.
• Inventory: There are 4,646 listings available.
• Price trend: Prices have softened 7.48% compared with last year.
• Clean inventory: 87.8% of listings are accident-free.

If you find a listing below $31,779.52, 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 $33,904 sits slightly below last year's $36,645.

That price movement suggests the Colorado has already absorbed some depreciation, which can help you as a buyer today. If you plan to resell later, the current market gives you a clearer baseline than a year ago, but the truck’s value will still depend heavily on trim, mileage, and condition.

Because prices have eased, a well-kept example bought near the low end of the range may hold up better than one purchased at the top of the market. For a future seller, that means condition and equipment matter more than simply owning the model year.

Is the 2023 Chevrolet Colorado safe?

The Colorado earns a Top Safety Pick from IIHS and a four-star overall rating from NHTSA.

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

Chevy Safety Assist is standard, and it includes forward collision warning with pedestrian and cyclist detection, automatic emergency braking, lane-departure warning, lane-keeping assist, and automatic high-beam headlights. The truck also includes OnStar emergency calling and automatic crash notification, plus Teen Driver and Buckle to Drive features.

The main caveat is the forward collision warning system, which is described as overly sensitive and prone to false alerts. That shortcoming is important because it can make an otherwise useful safety package frustrating to live with.

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:

• 33.4% of listings are priced as good or great deals.
• Accident-free inventory is solid at 87.8% — always verify the vehicle history report.
• Price trend: Prices have softened 7.48% compared with last year.
• It combines strong capability with modern tech and a redesigned cabin layout.

Consider the 2024 if:

• At $37,657, the 2024 costs more than the current year's $33,904 average.
• It brings a bold redesign with a more contemporary lifestyle-pickup feel.

The bottom line: If you want the better value, the 2023 is the smarter buy because it already delivers the redesigned Colorado formula at a lower average price. If you’re willing to pay more for the next model year’s fresher presentation, the 2024 is the alternative to consider.

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