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Chevrolet Silverado 1500 holds its value better — 69% five-year retention against 66% for the GMC Canyon.
On five-year value retention the Chevrolet Silverado 1500 comes out ahead, holding about 69% of its value versus 66% for the GMC Canyon. Over the first five years the Chevrolet Silverado 1500 loses roughly $11,507 while the GMC Canyon loses about $13,924 — a gap near $2,417.
First-year drop is the biggest factor: the Chevrolet Silverado 1500 sheds about 3% in year one versus 10% for the GMC Canyon. If you buy used, the steeper early drop is what the original owner absorbs.