Pricing is out for the 2023 Chevy Colorado, the bow-tie brand’s midsize truck akin to the mechanically identical GMC Canyon. The Colorado, long due for an overall, finally got onet for 2023-including a new turbocharged four-cylinder engine, new design, new interior, and so on. And yet, for all this newness, the Colorado’s price increase isn’t as much as you’d think, considering how much more of a truck you’ll get.
Rudimentary math indicates that the base 2023 Colorado WT (Work Truck) is about $1,165 more than an equally configured base 2022. On the other end of the spectrum, an off-road-optimized 2023 Colorado ZR2 is $2,120 cheaper than an outgoing diesel-fed ZR2, and only $1,600 more than the old V-6-powered gasoline ZR2. The outgoing diesel ZR2 crested $50,000, and the new, gas-only one doesn’t. Yes, to be fair, the baby Duramax option demanded quite a premium, as expected. (Have you seen how much diesel powertrains add to HD trucks?) But no matter how you spin it, the new Colorado is basically a totally fresh truck for the same-ish price.
The 2023 Chevrolet Colorado comes in five trims configured exclusively as four-door crew cabs with short beds. Gone are the less popular long bed and extended-cab configurations. The trims available are WT, LT, Trail Boss, Z71, and ZR2, with the Trail Boss trim (formerly an add-on package) new this year. All trims are available in four-wheel drive, but if you want to cut costs and complexity, the WT and LT can be had in two-wheel drive.
Also gone are the 2.5-liter four-cylinder (200 hp/191 lb-ft of torque), 3.6-liter V-6 (308 hp/275 lb-ft of torque), and diesel 2.8-liter Duramax four-cylinder (181 hp/369 lb-ft of torque) engine options, all replaced in 2023 by a turbocharged 2.7-liter inline-four gasser offering three power outputs, mated to an eight-speed automatic transmission. Those outputs and their delineations are: Turbo (237 hp/259 lb-ft of torque), Turbo Plus (310 hp/390 lb-ft of torque), and Turbo High-Output (310 hp/430 lb-ft of torque).