It's time to get rid of 2019 models.
The New Year has finally arrived and many automakers, GMC included, still have some remaining 2019 models sitting on dealership lots. Obviously that's a problem, but not one that can't be solved by offering some attractive discounts. One of the models GM's premium truck division is anxious to move is the GMC Canyon, sister ship to the Chevrolet Colorado. And, lo and behold, GMC has just listed a new offer that's guaranteed to make some jump at the opportunity. There is one significant make or break detail, however. But first, the discount's details:
GMC is offering a $3,750 total discount on most 2019 Canyons, excluding the base SL trim. Prefer a 2020 GMC Canyon? Then there's 0 percent interest for 60 months plus a $1,250 purchase allowance.
The only downside to the above offers is that they're limited to current GM owners and lessees. In the past, GM offered some special discounts only to customers currently driving a competitor. Interestingly, this month's offer is not quite as good as previous months. For example, last November there was a 14 percent discount but, again, it was limited to non-GM owners.
Applying this month's discount to a non-SL model could see a 2019 Canyon go for as little as $23,045, including the $1,095 destination charge. A few trims of the 2020 Canyon cost $100 more than last year. Though not a significant sum, the $1,250 purchase allowance will definitely be welcomed. Interested GM customers should note these offers are valid only through February 3, 2020.
It's also important to remember that the 2021 Chevy Colorado and GMC Canyon are due for a refresh. GM just recently announced a $1.5 billion investment for its next-generation midsize pickup trucks, which will continue to be built at the company's Wentzville, Missouri facility. An entire $1 billion of that amount is slated for major factory upgrades, including new machines, conveyors, controls, and tooling.