How well do Chevy Colorados hold their value?

The Chevrolet Colorado is a mid-size pickup truck that has consistently performed well in terms of retaining its value over time. According to industry data, the Colorado typically holds onto a significant portion of its original purchase price even after several years of ownership.

Factors Affecting the Colorado's Resale Value

There are several key factors that contribute to the Colorado's strong resale value:

• Reliability and Durability: The Colorado is known for its robust construction and dependable performance, which helps maintain its value over the long run.,li>
  
• Popularity and Demand: The Colorado is a popular choice among mid-size truck buyers, ensuring steady demand in the used vehicle market.,


• Fuel Efficiency: The Colorado's fuel-efficient engines, including diesel options, make it an attractive choice for buyers looking to save on operating costs.,


• Customization Options: The Colorado's wide range of trim levels, cab configurations, and optional features allow buyers to find a model that suits their specific needs, further boosting its resale value.,

These factors, combined with Chevrolet's reputation for quality and the Colorado's overall market positioning, contribute to its strong resale value compared to many of its competitors in the mid-size truck segment.

Typical Resale Value Trends

According to industry data, the Chevrolet Colorado typically retains around 60-70% of its original purchase price after three years of ownership. This is a relatively high rate of depreciation compared to other mid-size trucks, such as the Toyota Tacoma, which can retain up to 80% of its value over the same time period.,

However, the Colorado's resale value can vary depending on factors such as mileage, condition, and specific model year. Newer models with lower mileage and well-maintained condition tend to command higher prices in the used vehicle market.

What is the #1 most depreciating car?

Cars That Hold Their Value Worst

• Jagur I-Pace: 72.2% Depreciation.
• BMW 7 Series: 67.1% Depreciation.
• Tesla Model S: 65.2% Depreciation.
• Infiniti QX80: 65.0% Depreciation.
• Maserati Ghibli: 64.7% Depreciation.
• BMW 5 Series: 64.7% Depreciation.
• Nissan Leaf: 64.1% Depreciation.
• Maserati Levante: 63.7% Depreciation.

What year to stay away from Chevy Colorado?

The Chevy Colorado years to avoid are primarily the 2004-2006 first-generation models and the 2014-2019 second-generation models due to common issues like transmission problems, engine misfires, and power steering loss. The 2015 model is often cited as the worst year due to widespread transmission and power steering failures. Other years with notable complaints include 2017 for electronics and 2018 for transmission shuddering. 
This video discusses the worst Chevy Colorado years to avoid, focusing on the 2015 model's transmission and steering issues: 1mEveryman DriverYouTube · Dec 23, 2019
Problematic generations and years 

• First Generation (2004-2006):
  • 2004-2006: Early years are prone to engine misfires and worn-out valve seats. 
• Second Generation (2014-2019):
  • 2015: This is frequently called out as the worst year due to numerous complaints about the transmission and a high number of power steering system failures. 
  • 2017: Issues with the display screen freezing and phone pairing problems are frequently reported. 
  • 2018: Transmission shuddering and other transmission-related problems were common. 
  • 2014-2019: This period saw many transmission and engine issues, as well as problems with power steering and the HVAC system. 
• Other years:
  • 2004-2012: These years can have problems with the A/C blower motor and fuel level sensors. 

You can watch this video to learn about potential problems with different generations of the Chevy Colorado: 56sTech TriumphYouTube · Apr 14, 2025
Common issues by category

• Transmission: Shuddering, sluggish shifting, and premature failure were common, particularly in the 2015-2019 models. 
• Engine: Misfires and worn-out valve seats were reported in the 2004-2009 and 2016 models. 
• Steering: A significant number of 2015 models experienced power steering loss, which is a major safety concern. 
• Electronics: The 2017 model is known for issues like freezing display screens and problems with phone pairing. 
• HVAC: Malfunctioning A/C blowers were a complaint in the 2004-2010 and 2012 model years. 

What pickup truck holds its value best?

The Toyota Tacoma and Toyota Tundra consistently rank as top trucks for holding their value, largely due to Toyota's reputation for reliability and durability. Other models that also perform well include the Ford F-150, Chevrolet Silverado, and Honda Ridgeline. Factors like brand reputation, strong demand, and specific model features contribute to their strong resale value.
 
Top-ranking models

• Toyota Tacoma: Often cited for its excellent durability and affordability, the Tacoma is a mid-size truck that holds its value exceptionally well. 
• Toyota Tundra: In the full-size segment, the Tundra is noted for its reliability and strong resale value. Some sources indicate it retains a significant percentage of its value after five years. 
• Ford F-150: As America's best-selling truck, the F-150 has a loyal following and a large parts market, which helps maintain its resale value. 
• Chevrolet Silverado: The Silverado 1500 is praised for its performance, practicality, and strong demand in the used truck market. 
• Honda Ridgeline: This mid-size truck is considered a versatile and comfortable option with a strong expected resale value. 

Factors influencing resale value

• Reliability: Trucks from brands like Toyota have a strong reputation for longevity, which directly impacts their ability to hold value. 
• Brand Name: Established brands with a long history of producing quality trucks often have a more consistent resale value due to brand loyalty and consumer trust. 
• Supply and Demand: Models that are in high demand and have fewer available units on the market can command higher resale prices. 
• Trim and Features: Specific features, such as the availability of a reliable engine or high-demand trim levels, can increase a truck's resale value. 

Does the Chevy Colorado have good resale value?

Chevy Colorados generally hold their value well, but their depreciation is comparable to other midsize pickup trucks. A 2024 Colorado is projected to depreciate around 42.3% after five years, which is slightly worse than the average midsize pickup's 34.3% but better than the all-vehicle average of 45.5%. Depreciation rates can vary based on the specific model, year, and condition of the vehicle. 
Factors influencing value retention

• Model Year: Newer models tend to depreciate more slowly than older ones. For instance, a 2023 Colorado depreciated 25% over two years, while a 2021 model depreciated 40% over three years. 
• Market Demand: The demand for midsize trucks like the Colorado helps it retain value better than many other vehicles. 
• Condition and Mileage: The condition, mileage, and maintenance history of an individual truck will significantly impact its resale value. 
• Market Trends: Market trends, such as the current peak market for midsize trucks, can influence both the price of new vehicles and the resale value of used ones. 

What to keep in mind

• Depreciation is inevitable: All new vehicles lose value over time, and the Colorado is no exception. 
• Individual results will vary: Your specific truck's value will depend on its condition, features, and how well you maintain it. 
• Consider long-term costs: While the Colorado's resale value is a factor, also consider its total cost of ownership, including gas, insurance, maintenance, and repairs.