When it comes to performance, the 2023 Chevy Colorado outdoes other trucks of the same size. Pop the hood to discover a 2.7L turbocharged engine with 237 horsepower. If you want an engine boost, invest in the Z-Line trim. This edition gives you 310 horsepower along with 430 pounds of torque. With the base Colorado, you get 259 pounds of torque. Chevy amped up the specs on the Trail Boss and Z71 trims. While they still have the 2.7L engine, you'll get 390 pounds of torque. Other perks include mounted rear dampeners, DSSV dampeners on the front, and leaf springs on the rear axle. We think you'll enjoy the independent suspension, too. With the lower trims, your new Colorado can tow 3,500 pounds. Upgrade to a higher trim and tow a maximum of 7,700 pounds. All of the performance features combine to give you 19 to 23 mpg or more.