Midsize Trucks Just Got Pricier, and the Rest of the Auto Market Isn't Slowing Down EitherA busy stretch in the automotive world this week, with truck pricing, EV developments, and a few stories that didn't get the attention they deserved. Here's what's worth knowing.GMC has revealed updated pricing for the 2023 Canyon lineup, and the numbers are eye-opening. The new top-tier AT4 trim is being marketed as the most capable off-road midsize truck GMC has built, but the headline is the price movement across the entire range. The base Canyon starts at around $40,000 for the new model year — up from roughly $30,000 for the current generation. That's a significant jump that reflects both genuine content additions and the broader inflationary pressure that's pushing vehicle prices higher across the board.The midsize truck segment has been one of the more competitive spaces in the US market in recent years, with the Ford Ranger, Toyota Tacoma, and Jeep Gladiator all competing for buyers who want truck capability without full-size footprint and fuel costs. GMC's bet is that buyers in this segment will pay for genuine off-road credentials, which the AT4 package is designed to provide. Whether that holds at these price points is the question.AdvertisementAdvertisementElsewhere, the supply chain picture for the broader auto industry continues to show mixed signals. Semiconductor availability has improved enough that some models have returned to something approaching normal inventory levels, but not uniformly — certain popular configurations of high-demand trucks and SUVs still have waiting periods measured in months rather than weeks.The used car market is worth watching carefully right now. Wholesale prices, which typically lead retail prices by a few months, have started showing some softening after an extraordinary run of appreciation. That doesn't mean used car prices are heading back to 2019 levels anytime soon, but the direction of travel has changed, and buyers who have been waiting on the sidelines may find slightly better conditions ahead than what the market looked like six months ago.Join our Newsletter, follow our Instagram page, and connect with us on Facebook.
+25 others
