Here's an odd result from our latest forecast run. A used 2022 Chevrolet Colorado LT now has a lower median asking price than a 2019 Colorado LT, even though the 2022 is three years newer. Our AI-powered forecast also expects the gap to widen.
This deep-dive covers the Colorado LT model year by model year: what's happened since June, what our forecast expects over the next 60 days, and which year is the best value right now.
How has the used Colorado LT price changed since June?
Each figure compares the average median asking price in June 2026 with the four weeks ending November 2. Every model year had more than 1,100 listing observations in both periods.
| Model year | June 2026 median | Last 4 weeks | Change |
|---|---|---|---|
| 2024 | $34,199 | $33,139 | −3.1% |
| 2023 | $32,203 | $31,579 | −1.9% |
| 2022 | $22,851 | $20,233 | −11.5% |
| 2021 | $22,014 | $20,879 | −5.2% |
| 2020 | $20,984 | $20,491 | −2.3% |
| 2019 | $20,524 | $20,175 | −1.7% |
The 2022 has lost about $2,600 since June, five to seven times as much as the 2019 or 2020. In June it was the clear premium option among the 2019–2022 trucks. Now it costs about the same as a 2019.
Why is the 2022 Colorado falling so fast?
Two factors stand out.
It was the last model year of the second generation. The Colorado was redesigned for 2023, Chevy's first all-new midsize pickup after seven years of the same design. The new truck is larger and has a much more modern interior. That's why there's a jump of more than $11,000 between the 2022 and 2023 medians. Buyers spending $30,000 or more move up to the new design. That leaves the 2022 competing on price with 2019–2021 trucks that look almost the same.
There are far more 2022s for sale. Over the past four weeks we logged 3,354 listing observations for the 2022 Colorado LT. That's nearly twice the next-highest (1,817 for the 2024) and well over double the 2019 (1,248) and 2020 (1,151). With that much inventory, dealers have to compete on price.
What does CarCast forecast for each Colorado model year?
Here are the 60-day forecasts, run November 1:
| Model year | Current median | 60-day forecast | Change | Signal |
|---|---|---|---|---|
| 2024 | $33,150 | $33,214 | +0.19% | Hold |
| 2023 | $31,379 | $30,951 | −1.36% | Hold |
| 2022 | $19,999 | $18,872 | −5.64% | Sell |
| 2021 | $20,761 | $20,803 | +0.20% | Hold |
| 2020 | $20,170 | $20,487 | +1.57% | Buy |
| 2019 | $20,116 | $20,762 | +3.21% | Buy |
If these forecasts play out, the 2022 would fall to about $18,900 by the end of December, roughly $1,900 below the 2019.
How steady are these forecasts?
The direction for each model year matters more than a single forecast run, so we checked the last seven weekly runs:
- 2022 LT: Rated Sell in all seven runs since September 20, with forecasts between −2.23% and −8.03%. It's the most consistent signal in the Colorado lineup.
- 2019 LT: Moved from Sell (−2.66%) on September 20 to Hold in October, then to Buy (+3.65%, then +3.21%) in the last two runs. That's a steady improvement, not a one-week jump.
- 2020 LT: Positive in all seven runs, ranging from +1.18% to +3.97%.
- 2021 LT: Less settled. It dipped to Sell in mid-October (−3.86% at its lowest) and is back to Hold at +0.20%.
- 2023 and 2024 LT: Stayed near flat the whole time. The latest 2023 reading (−1.36%) is its weakest yet, but it's still rated Hold.
How does the Colorado compare with the Tacoma, Frontier and Ranger?
Here are the averages across well-listed segments for each midsize truck:
| Truck | Segments | Avg 60-day forecast | Avg current price |
|---|---|---|---|
| Nissan Frontier | 12 | +0.28% | $21,801 |
| Toyota Tacoma | 10 | −0.20% | $27,709 |
| Chevrolet Colorado | 6 | −0.31% | $24,263 |
| Honda Ridgeline | 3 | −0.63% | $29,224 |
| Ford Ranger | 6 | −1.02% | $27,973 |
On average, the Colorado sits in the middle of the group. The average hides a wide split: the 2019 and 2020 are among the best midsize-truck buys we track, while the 2022 is one of the weakest. As we covered in our used truck data story, the Tacoma is still the steadiest truck in this class.
Which used Colorado should you buy?
If you want the best value: Look at the 2022 Colorado LT, but don't rush. It's already the cheapest of the 2019–2022 trucks, and our forecast calls for another 5.6% drop over the next 60 days. With so many for sale, you have negotiating room. Use the forecast to push for a price near $19,000.
If you want to buy now: The 2019 and 2020 LT are rated Buy and have been firming. Waiting is unlikely to save you money, and a clean example around $20,000 is fairly priced today.
If you want the new design: The 2023 and 2024 LT have held value well since June, but the 2023's latest forecast is its weakest so far. At more than $31,000, they're competing with the new Colorado's $34,495 starting MSRP, so compare both before you commit.
If you're selling a 2022: Sell soon. It has been rated Sell in seven straight weekly runs, and its median has fallen about $2,600 since June.
You can search any Colorado trim on CarCast for its forecast and listing depth, compare our numbers with KBB and Edmunds, or see what each CarCast plan includes.
See the full 2022 Chevrolet Colorado LT forecast on CarCast →