General Motors’ new small pickups are getting appropriately like-sized prices.
The automaker has announced that the all-new 2015 Chevrolet Colorado will start at $20,995, nearly $6,000 less than the lowest-priced Chevrolet Silverado full-size pickup, while its slightly better-equipped GMC Canyon sibling will list for $21,880.
Those prices get you extended cab, 2WD short bed models powered by 200 hp 2.5-liter four-cylinder engines and six-speed manual transmissions. A six-speed automatic transmission and 305 hp V6 will also be available on both trucks.
The entry price for the best-selling Toyota Tacoma is currently $19,010, but that’s for a standard cab model. A four-cylinder Tacoma Access Cabs has a base price of $22,505.
More detailed pricing information will be revealed closer to launch, but a top of the line Colorado Z71 Crew Cab 4x4s with the V6 will start at $34,990, and the similarly configured Canyon SLT will be priced at $37,875.
GM is touting the garagability and efficiency of the trucks as an alternative to larger pickups. A 2.8-liter diesel engine that promises to be the fuel economy leader will join the lineup next year in 2016 models.