Chevy Colorado
2015 Chevrolet Colorado (General Motors)

Pricing for General Motors' fully redesigned compact pickup trucks was announced this week. The 2015 Chevy Colorado will start at $20,995, which includes $875 for destination, and the 2015 GMC Canyon will have a base price of $21,880, including $925 for destination. The Colorado and Canyon return to their respective brands' lineups for 2015 after being discontinued after the 2012 model year.

With either truck, extended cab and crew cab body styles are offered. Power comes from a standard 2.5-liter four-cylinder engine that produces 200 horsepower and 191 pound-feet of torque. A 3.6-liter V6 that generates 305 horsepower and 269 pound-feet of torque is optional. A six-speed manual or six-speed automatic transmission is available. A 2.8-liter four-cylinder turbodiesel engine will be available for the 2016 model year. No other compact pickup truck is currently available with a diesel engine.

2015 GMC Canyon (General Motors)

The Colorado and Canyon have a standard rearview camera and power windows. The Canyon also comes standard with a four-way power-adjustable driver seat. On either truck, available features include 4G LTE wireless capability with an integrated Wi-Fi hot spot, leather seating, lane departure warning, forward collision alert and an accessory system called GearOn for carrying items like bicycles and kayaks.

When GMC and Chevrolet bowed out of the compact pickup truck class, the only full-fledged rivals remaining were the Nissan Frontier and Toyota Tacoma. The 2014 Frontier starts at $21,370 after destination. The 2014 Tacoma starts at $19,010, but that price is for a regular cab model, which no other compact truck offers. A comparable extended cab Tacoma starts at $21,500.

2015 Chevrolet Colorado
(General Motors)

According to The Wall Street Journal (subscription required), the Tacoma has a stronghold on about 70 percent of the midsize pickup truck market. A GM spokesman tells The Wall Street Journal that the Colorado will attract a number of midsize truck buyers, and that the Colorado will offer the technology available in full-size trucks at a lower price point.

The 2015 Canyon and Colorado will hit dealerships this fall.

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