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 932 listings available, which gives you a solid amount of inventory to compare. If you find a listing below $54,082.66, 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 — your 4.94/5 user rating and an 8.5/10 expert rating both point to a very strong overall impression. The standout strength is Performance at 10/10.

Owners consistently praise the Corvette’s exceptional performance, value for money, and sleek design. They also like the modern interior features, which fit the car’s role as a high-performance sports car that still feels usable day to day. In use-case terms, this is the kind of car that makes the most sense if you want serious speed and style without stepping into much pricier exotic territory.

With 32.4% of listings marked as good or great deals, you still have room to shop carefully and find a strong match.

Is the 2016 Chevrolet Corvette reliable?

Owners rate it 4.94/5, a strong signal of long-term satisfaction. The owner feedback also points to a dependable, trouble-free ownership experience for many shoppers, with strong praise for the car’s performance and value over time.

The expert evaluation also emphasizes that the Corvette is built around a robust V8 powertrain and a well-sorted chassis, which supports confidence in everyday use. On the cost side, the car’s first scheduled maintenance visit is on the house for new buyers, which helps early ownership feel a little easier.

For used buyers, the main long-term risk is less about the car’s core appeal and more about how it was treated before you buy it, so condition and maintenance history matter a lot.

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

At 74.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and then prioritize a pre-purchase inspection, especially if the car has been modified or heavily driven. Pay close attention to signs of wear, odors, and any evidence that the car was used hard, since condition can vary a lot in a performance model like this. If you’re comparing multiple listings, focus on how well the car has been maintained and whether the equipment you want is actually present.

Key things to evaluate:

• Trim level: The base 1LT is the simplest version, 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.
• Powertrain: The Corvette uses a 6.2-liter V8 with 455 horsepower and 460 lb-ft of torque, and it can reach 60 mph in under 4 seconds. You can choose a 7-speed manual or an 8-speed automatic, and the engine’s torque makes it easy to drive without constantly revving it hard.
• Safety package: The car comes standard with 4 airbags, side-impact airbags, a protective cell, four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control. Higher trims add front- and rear-facing cameras to help with parking and backing out.
• Infotainment: Dual 8-inch screens and Chevrolet MyLink are standard, along with Apple CarPlay. Android Auto was slated to follow later, and OnStar adds connected features such as diagnostics and emergency assistance.
• Fuel efficiency: The V8 uses cylinder deactivation to help with efficiency, but it still requires premium fuel and has an 18-gallon tank. The manual transmission also includes a daily-driving shift gate that nudges you toward better fuel economy.

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 core Corvette experience, but it skips the comfort and convenience upgrades found higher up the range.
• Sweet-spot trim: The 2LT is the best balance for many buyers because it adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display without pushing you all the way to the top.
• 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.

All trims can add the Z51 Performance Package, which brings bigger brakes, dry sump lubrication, an electronic limited-slip differential, improved cooling, and summer tires.

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

This is a moderate market, so you can shop selectively without expecting a deep buyer’s-market collapse.

• Deal availability: 32.4% of listings are priced as good or great deals.
• Inventory: There are 932 listings available.
• Price trend: Prices have held steady compared with last year.
• Clean inventory: 74.5% of listings are accident-free.

If you find a listing below $54,082.66, 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 $56,753 sits slightly above last year's $56,372.

That kind of pricing stability suggests the Corvette has held its value reasonably well in the near term. For a future seller, that means you’re not looking at a model year that appears to be sliding sharply in market appeal. Strong performance credentials and broad enthusiast interest can help keep demand steady when it’s time to list your car.

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 comes standard with 4 airbags, including side-impact airbags and a protective cell, plus four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control. Higher trims add front- and rear-facing cameras to help with parking and backing out. Visibility is limited because of the car’s low stance and small windows, so you should expect some tradeoffs in everyday maneuvering.

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:

• 32.4% of listings are priced as good or great deals.
• At 74.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have held steady compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The updated interior, dual 8-inch screens, Apple CarPlay, and Magnetic Ride Control across all trims make this year especially appealing.

The bottom line: If you want the strongest mix of performance, modernized interior tech, and stable pricing, the 2016 is an easy year to target. If you’re especially price-sensitive, you can still shop carefully and focus on the lower end of the market range, but you should be selective about condition and history.

These recommendations are based on CarGurus' proprietary market data from July 31, 2026, CarGurus experts' opinions, and generative AI.