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2024 GMC Canyon AT4X AEV Edition First Drive Review: The business-class Bison

McALLISTER, Mont. – Not far from MontanaÂ’s Ramshorn Peak is a beautiful body of water known as South Meadow Creek Lake. It sits just a hair below 9,000 feet and offers beautiful views of the surrounding highlands and — if youÂ’re lucky and the lighting is just right — a clear line of sight to Big Sky Country. To hear the locals tell it, you canÂ’t get there in a pickup truck. Apparently, to a GMC engineer, that comes across as an open challenge. And so I found myself in the two-horse town of McAlllister (not far from Bozeman), chilly in the fog of an early October morning, inspecting a line of GMCÂ’s midsize trucks in their hardest of hardcore variations. One half of the fleet was made up of the standard 2023 Canyon AT4X finished in a beautiful scarlet red; the other half, 2024 Canyon AT4 AEV Editions in a menacing gray that matched the dreary morning sky. Yep, that AEV. The Canyon AT4X is an already-capable little trail monster with all the off-road bells and whistles you could possibly ask for. ItÂ’s a virtual mechanical twin to the new Chevrolet Colorado ZR2, in fact, down to the 2.7-liter four-cylinder that produces 310 horsepower and a whopping 430 lb-ft of torque. Naturally, American Expedition Vehicles managed to turn that dial up to 11. More on that later. Canyon AT4X 3 View 32 Photos To the locals' point above, off-road trucks have existed for quite some time (just ask Marty McFly), but it has only been since their rise in popularity as mainstream commuters that the dedicated four-wheelinÂ’ pickup has really come into its own. The “you canÂ’t get there from here” Maine attitude at Bozeman latitudes betrays somewhat old-school notions about four-wheeling — and the fact that just about everybody in town owns some sort of ATV or side-by-side. The formula used to be pretty simple: You take the shortest SUV frame youÂ’ve got, add big stick axles to the front and rear, and then jack the thing up as high as you can without it falling over at the first sign of an incline. TodayÂ’s torque-monster engines have turned that on its ear. More torque means you can turn bigger tires, and what do bigger tires do? Well, among other things, they lift your truck off the ground. Shove enough tire under a truck and no matter where youÂ’re talking about, you can indeed get there from here. At its core, AT4X isnÂ’t groundbreaking.

These are the cars with the best and worst depreciation after 5 years

The average new vehicle sold in America loses nearly half of its initial value after five years of ownership. No surprise there; we all expect that shiny new car to start depreciating as soon as we drive it off the lot. But some vehicles lose value a lot faster than others. According to data provided by iSeeCars.com, trucks and truck-based sport utility vehicles generally hold their value better than other vehicle types, with the Jeep Wrangler — in both four-door Unlimited and standard two-door styles — and Toyota Tacoma sitting at the head of the pack. The Jeep Wrangler Unlimited's average five-year depreciation of 30.9% equals a loss in value of $12,168. That makes Jeep's four-door off-roader the best overall pick for buyers looking to minimize depreciation. The Toyota Tacoma's 32.4% loss in initial value means it loses just $10,496. The smaller dollar amount — the least amount of money lost after five years — indicates that Tacoma buyers pay less than Wrangler Unlimited buyers, on average, when they initially buy the vehicle. The standard two-door Jeep Wrangler is third on the list, depreciating 32.8% after five years and losing $10,824. Click here for a full list of the top 10 vehicles with the least depreciation over five years. On the other side of the depreciation coin, luxury sedans tend to plummet in value at a much faster rate than other vehicle types. The BMW 7 Series leads the losers with a 72.6% drop in value after five years, which equals an alarming $73,686. BMW's slightly smaller 5 Series is next, depreciating 70.1%, or $47,038, over the same period. Number three on the biggest losers list is the Nissan Leaf, the only electric vehicle to appear in the bottom 10. The electric hatchback matches the 5 Series with a 70.1% drop in value, but since it's a much cheaper vehicle, that percentage equals a much smaller $23,470 loss. Click here for a full list of the top 10 vehicles with the most depreciation over five years.

There's an impending shortage of new trucks in America's heartland

URBANDALE, Iowa — Jerry Bill is worried the novel coronavirus could hurt business at the Des Moines auto dealership he runs, but not because of a shortage of buyers for the big Ram pickups on his lot. "Our biggest issue will be if we don't get more inventory," said Bill, general sales manager of Stew Hansen Chrysler Dodge Jeep Ram, which sells around 2,700 new vehicles a year in Urbandale, a suburb of Iowa's capital Des Moines. After a drop in sales in April when consumers stayed home, Bill expects pickup truck sales to end May similar to where they were a year earlier. And if demand remains strong, Bill said he will run out of popular models in June. Fiat Chrysler began slowly restarting Ram truck assembly lines on Monday after a two-month shutdown. The U.S. economy contracted in the first quarter at its sharpest pace since the Great Recession of 2007-2009 because of lockdown measures aimed at slowing the spread of the coronavirus. Economists warn the second quarter will be much worse. Still, far from the lockdowns of states like New York, Michigan or Ohio, dealerships like Stew Hansen have provided FCA and Detroit rivals General Motors and Ford a rare bright spot: strong sales of pickup trucks in America's heartland. Overall U.S. sales of cars and light trucks crashed to the weakest pace in 50 years last month. But sales of big Detroit brand pickups, particularly in southern and western states less affected by the outbreak, significantly outperformed the market, industry executives and analysts said. Pickup trucks are one of the most profitable automotive segments in the world. They account for a huge portion of the Detroit automakers' profits and formed a huge lure for Peugeot, which expects to merge with FCA by early 2021. The pressure is now on to boost pickup truck production and send vehicles to dealers in parts of the country with dwindling supplies. That is particularly true for GM, which is running short of certain truck models after losing 40 days of production to a strike last fall. "If you don't have what someone wants, they can choose to go to another brand," said Cox Automotive analyst Michelle Krebs. 'Easiest swap ever' Detroit automakers in March rolled out large discounts — such as interest-free loans for seven years — to keep vehicles rolling off dealer lots.