How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.29% compared to this time last year, making it a favorable time to shop this model year.

There are 4,801 listings available, which suggests you have room to compare options across the market.

If you find a listing below $18,921.88, 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, and comfortable features, and they also highlight good gas mileage and stability on the road. That makes it a practical fit if you want a full-size pickup that can handle work and daily driving while still feeling well-rounded. With 27.9% of listings marked as good or great deals, you may find attractive pricing if you shop carefully.

Is the 2016 Chevrolet Silverado 1500 reliable?

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

The owner feedback emphasizes reliability, dependability, and a truck that many drivers feel comfortable counting on over time. It also points to a generally positive ownership experience, with the Silverado’s comfort and stability reinforcing that impression.

For used buyers, the main long-term ownership risk is making sure the specific truck you choose has been well maintained and free of avoidable issues.

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

At 61.3% 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 separate clean examples from trucks with prior damage. After that, prioritize a thorough pre-purchase inspection, especially if the truck has higher mileage or visible signs of hard use. Focus on overall condition, maintenance records, and how the truck drives, since those details matter more when you’re shopping a used pickup.

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

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you stay disciplined.

• Deal availability: 27.9% of listings are priced as good or great deals.
• Inventory: There are 4,801 listings available.
• Price trend: Prices have softened 7.29% compared with last year.
• Clean inventory: 61.3% of listings are accident-free.

If you find a listing below $18,921.88, 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 $18,911 sits slightly below last year's $20,397.

That softer pricing can help you buy at a more favorable entry point, but it also means future resale gains may be more limited if the market stays soft. If you plan to sell later, buying well matters more than usual because your eventual return will depend heavily on how much room you leave between purchase price and market value.

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:

• 27.9% of listings are priced as good or great deals.
• At 61.3% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 7.29% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,268, the 2015 costs less than the current year's $18,911 average.
• It blends capability, comfort, and style.

The bottom line: If you want the stronger current-market balance of price, owner satisfaction, and available inventory, the 2016 is the better primary target. If your top priority is spending less upfront, the 2015 is the more price-sensitive alternative and still offers a compelling ownership experience.

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