How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.40% compared to this time last year, making it a favorable time to shop this model year.

There are 4,998 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $19,006.96, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Silverado 1500 a good car?

Generally — the 4.45/5 user rating points to strong owner satisfaction. Owners consistently praise its great value, reliability, comfortable features, good gas mileage, and stable road manners. For you, that makes it a practical fit if you want a full-size pickup that works well for both daily driving and job-site duty. With 28.0% of listings marked as good or great deals, there are still opportunities to find a compelling buy.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.45/5, a solid signal of long-term satisfaction.

The owner feedback also emphasizes reliability, with repeated mentions of dependable ownership, trouble-free use, and confidence over the long term. That matters if you want a truck you can count on for regular hauling, commuting, or mixed-use driving. For used buyers, the main long-term risk is making sure a specific truck has been maintained well and hasn’t been affected by unresolved issues.

What should I look for when buying a used 2016 Chevrolet Silverado 1500?

At 61.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report so you can screen for accidents, title issues, and inconsistent ownership records. Then prioritize a pre-purchase inspection, especially if the truck has higher mileage or visible signs of heavy use. Focus your condition check on bodywork, suspension feel, and overall maintenance quality so you can separate a clean truck from one that only looks good online.

Is now a good time to buy a used 2016 Chevrolet Silverado 1500?

This is a moderate market, so you can be selective without expecting every listing to be a bargain.

• Deal availability: 28.0% of listings are priced as good or great deals.
• Inventory: There are 4,998 listings available.
• Price trend: Prices have softened 6.40% compared with last year.
• Clean inventory: 61.4% of listings are accident-free.

If you find a listing below $19,006.96, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Silverado 1500's resale value?

The current average of $19,056 sits slightly below last year's $20,359.

That softer pricing can help you buy at a more favorable entry point today, but it also means future resale gains may be more limited if the market stays soft. If you plan to sell later, condition and maintenance history will matter even more because buyers tend to reward clean, well-kept trucks. Strong owner satisfaction can help support demand, but the current trend suggests you should think of this as a value-focused purchase rather than a rapid-appreciation one.

Vehicles with solid owner satisfaction ratings, like this model year's 4.45/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Chevrolet Silverado 1500 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:

• 28.0% of listings are priced as good or great deals.
• At 61.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.40% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,376, the 2015 costs less than the current year's $19,056 average.
• It emphasizes capability and comfort with strong towing-oriented appeal.

The bottom line: If you want the stronger current-market balance of price, inventory, and owner satisfaction, the 2016 is the better default choice. If your top priority is spending less upfront, the 2015 is the more price-sensitive path and may be worth a closer look.

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