The 2015 Chevrolet Colorado midsize pickup will undercut both of its direct competitors in price when it goes on sale this fall, as the new midsize pickup will start at $20,995 including destination. That price is for the extended-cab model with the 2.5-liter four-cylinder engine and the standard six-speed manual transmission. Its 2015 GMC Canyon twin comes with a bit more standard equipment and starts at $21,880.
Standard equipment for the base trim of the 2015 Chevrolet Colorado includes power windows, a backup camera, and a locking tailgate. The GMC Canyon’s $885 price premium accounts for its extra standard equipment including a power driver’s seat, 16-inch alloy wheels, LED lighting accents, and a CornerStep rear bumper.
Both of these prices compare favorably with the equivalent 2014 Nissan Frontier and 2014 Toyota Tacoma, which start at $21,370 and $21,500, respectively for their extended-cab models. The Frontier does come with a five-speed automatic as standard as opposed to the Colorado’s standard six-speed manual. Chevrolet has not yet released full pricing, but we would expect the six-speed automatic transmission to add around $800-$1000 to the starting price.
This relatively low starting price is also significantly less than the cheapest extended-cab Chevrolet Silverado ($30,695) and GMC Sierra ($31,195), showing that GM is doing its best to quell criticisms about these midsize trucks being too close to full-size pickups in size, price, and capability.
The 2015 Chevrolet Colorado and GMC Canyon will be available in extended- and crew-cab versions, with either a five-foot short bed or a six-foot long bed option. The base 2.5-liter four-cylinder engine makes 200 hp and 191 lb-ft of torque, and the optional 3.6-liter V-6 engine—which comes standard with a six-speed automatic and should cost around $1000 extra—makes 305 hp and 269 lb-ft of torque.
Both engines come standard with rear-wheel drive and will offer four-wheel drive as an option. A GM spokesperson told us that the four-cylinder engine is standard on all models except for long box and four-wheel-drive crew cab models, which will have the V-6 as standard. The 2015 Chevrolet Colorado and GMC Canyon’s maximum tow rating of 7000 lbs requires the towing package, which can only be added to V-6 models. A 2.8-liter four-cylinder turbodiesel engine will join the 2015 Chevrolet Colorado’s engine lineup next year. .
Three trim levels will be offered for the 2015 Chevrolet Colorado: the base Work Truck trim, the upgraded LT, and the off-road-oriented Z71. The GMC Canyon lineup is similarly arranged, with base, SLE, and SLT models. Although details for the full lineup will be revealed in a few weeks, GM did provide a few prices for a few example configurations that will likely be popular among retail buyers. For instance, a two-wheel-drive, short box, crew cab Colorado LT model costs $27,985, and a four-wheel-drive, short box, crew cab Colorado Z71 costs $34,990, both including destination. For the Canyon, a rear-wheel-drive, extended cab, short box Canyon SLE costs $27,520 and a four-wheel-drive, crew cab, short box Canyon SLT tops out at $37,875 with features like leather, auto climate control, alloy wheels, and remote start.