How much does the 2016 Chevrolet Corvette cost?

Prices have held steady compared to this time last year, signaling a stable and predictable market for this model year.

There are 938 listings available, which gives you a decent amount of inventory to compare before you buy.

If you find a listing below $54,108.23, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Corvette a good car?

Yes — 4.94/5 owners rate it, and the expert rating is 8.5/10. The standout strength is Performance at 10/10.

Owners consistently praise its exceptional performance, sleek design, and strong value for money. The updated interior and modern features also come through as recurring positives, and the car’s use-case appeal is clear if you want a driver-focused sports car that still offers everyday comfort. The market also shows 30.7% good and great deals, which suggests there are still worthwhile opportunities if you shop carefully.

Is the 2016 Chevrolet Corvette reliable?

Owners rate it 4.94/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that feels dependable and trouble-free in the ways that matter most to enthusiasts: strong performance, satisfying ownership, and a sense that it delivers what buyers expect over the long term. The expert evaluation also emphasizes that the Corvette is built to be confidently overpowered and composed, which supports the impression of a car you can count on when maintained properly. The first scheduled maintenance visit is on the house for new buyers, which helps soften early ownership costs.

For used buyers, the main long-term risk is less about the core drivetrain and more about how the car was treated, since hard use and neglected upkeep can matter a lot in a performance car like this.

What should I look for when buying a used 2016 Chevrolet Corvette?

Accident-free inventory is solid at 75.3% — always verify the vehicle history report.

You should still run a history report on any car you’re considering, even if the listing looks clean at first glance. A pre-purchase inspection is especially important on a performance car like this, since condition and maintenance history can matter more than mileage alone. Pay close attention to signs of hard use, interior wear, and any odors or cosmetic issues that could hint at how the car was treated.

Key things to evaluate:

• Trim level: The base 1LT gives you the core Corvette experience, while 2LT adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. The 3LT adds leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder as standard.
• Powertrain: You get a 6.2-liter V8 with 455 horsepower and 460 lb-ft of torque, plus a 7-speed manual or 8-speed automatic. The engine uses direct injection and cylinder deactivation, and the car can run from 0 to 60 mph in under 4 seconds.
• Safety package: The car comes standard with 4 airbags, including side-impact airbags and a protective cell, plus four-wheel antilock brakes and electronic stability control. Higher trims add front- and rear-facing cameras to help with parking and backing out.
• Infotainment: Dual 8-inch screens anchor the cabin, and Chevrolet MyLink includes phone, audio, and navigation when equipped. Apple CarPlay is included, and Android Auto follows later. OnStar is also built in.
• Fuel efficiency: The V8 uses cylinder deactivation to help with efficiency, but it still expects premium fuel and an 18-gallon tank. The tall 7th gear is geared for highway cruising, and the manual transmission even nudges you toward 4th gear in daily driving to help keep fuel economy reasonable.

Which 2016 Chevrolet Corvette trim should I buy?

The 2016 Chevrolet Corvette is offered in 3 trim levels: 1LT, 2LT, 3LT.

Here's the short version:

• Base trim: The 1LT gives you the essential Corvette formula, but it skips the comfort and convenience upgrades found higher up the range.
• Sweet-spot trim: The 2LT is the best value for many buyers because it adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display without jumping all the way to the top trim.
• Premium/top trim: The 3LT is the most luxurious choice, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder as standard.

The safety package is basic on this model year, with 4 airbags, an electronic stability system, and available cameras on higher trims.

Is now a good time to buy a used 2016 Chevrolet Corvette?

This looks like a moderate, selective buyer’s market, so you can shop patiently but still move quickly on the right car.

• Deal availability: 30.7% of listings are priced as good or great deals.
• Inventory: There are 938 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 75.3% of listings are accident-free.

If you find a listing below $54,108.23, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Corvette's resale value?

The current average of $56,410 sits slightly above last year's $56,106.

That kind of stability suggests the market has been willing to support this model year without major price swings. For you as a future seller, that can be a positive sign because it points to steady buyer interest rather than a softening market. The Corvette’s strong enthusiast appeal and performance reputation should help it remain desirable if you keep it in good condition.

Vehicles with strong owner satisfaction ratings, like this model year's 4.94/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Chevrolet Corvette safe?

It earns a 7/10 safety score from our experts.

The Corvette has not been rated by the National Highway Traffic Safety Administration or the Insurance Institute for Highway Safety. It comes standard with 4 airbags, including side-impact airbags and a protective cell, plus four-wheel antilock brakes and electronic stability control. Higher trims add front- and rear-facing cameras to help with parking and backing out.

The main safety caveat is visibility, which is limited because of the car’s low stance and small windows. That makes the available camera aids more useful if you want extra confidence in tight spaces.

Should I buy a 2016 Chevrolet Corvette or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 30.7% of listings are priced as good or great deals.
• Accident-free inventory is solid at 75.3% — always verify the vehicle history report.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The updated interior, Magnetic Ride Control across all trims, and strong performance make this year especially appealing.

The bottom line: If you want the strongest mix of performance, updated features, and stable pricing, the 2016 is the year to target. If you’re more price-sensitive, you can still shop nearby years, but this one stands out for delivering the Corvette experience with a well-rounded feature set and steady market support.

These recommendations are based on CarGurus' proprietary market data from July 22, 2026, CarGurus experts' opinions, and generative AI.