We have a GMC Canyon 4-cylinder pickup. Narrower and shorter than a big honkin' pickup, it's ideal for commuting, shopping, hauling stuff from the garden center, and it fits in the garage. It didn't cost a fortune to buy, and fuel and maintenance costs are reasonable. Big pickups are not much fun around the city, parking one is like docking an aircraft carrier.
Life without a smallish pickup would not be as good. It doesn’t have to be cutting edge, just reasonably priced, reliable and durable. Nonetheless GM is discontinuing the Canyon/Colorado twins, Ford is killing the Ranger, and Chrysler has announced the Dakota's demise. That makes our next one a Toyota Tacoma, Nissan Frontier or Hyundai when it starts selling pickups.
As gasoline prices increase the midsize pickup market will return. Too late! The domestic automakers with their typical shortsightedness will have gifted it to the foreign automakers.