7/8? As in 7/8th of an inch?
I can BET THE FARM that the wheel studs of a Chevy Colorado, for any model year, are not 7/8" in diameter.
Now, if you had a Chevy Silverado 6500 medium duty truck with a GVWR of 23,500 lbs, then you would have Metric M22 studs, which are near enough to 7/8" diameter not to quibble about a rough recollection.
But the torque specifications of a 7/8" x 14 threads per inch wheel lug nut are between 350 to 400 ft lbs.
And the torque specifications of an M22 x 1.5 mm per thread wheel lug nut are between 450 to 500 ft lbs.
I was referring to the socket size
There is no possible way that the little Colorado mid size pickup has 7/8" wheel studs.
On the odd chance that maybe you were referring to size of wrench or socket used to loosen or tighten the lug nuts, wheels studs and lug nuts have torque specifications determined by the diameter of the fasteners, not their wrench size.
This is a subtopic well within my wheel house.