Used 2016 Chevrolet Silverado 1500 for Sale nearColorado Springs, CO

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.37% compared to this time last year, making it a favorable time to shop this model year.

There are 4,855 listings available, which gives you a solid amount of inventory to compare.

Is the 2016 Chevrolet Silverado 1500 a good car?

Generally — with a 4.45/5 user rating, this Silverado earns strong marks from owners. Review feedback repeatedly points to great value, reliability, and comfortable features, while also calling out good gas mileage and stability on the road. For you, that makes it a strong fit if you want a full-size pickup that blends traditional truck capability with a more modern feature set. With 26.8% of listings marked as good or great deals, there are still worthwhile opportunities if you shop carefully.

Is the 2016 Chevrolet Silverado 1500 reliable?

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

Owner feedback specifically highlights reliability, trouble-free ownership impressions, and confidence in the truck’s long-term usefulness. That said, the model year also carries concerns around transmission trouble and the Chevy Shake issue, so used buyers should pay close attention to maintenance records and how the truck drives over time.

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

At 61.9% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report and confirm whether any prior damage was repaired properly. Put the truck on a lift or have a trusted mechanic inspect it, with extra attention on the transmission, suspension, and signs of uneven wear. Focus on overall condition and maintenance consistency, since those factors matter a lot with this model year.

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’re patient and disciplined.

• Deal availability: 26.8% of listings are priced as good or great deals.
• Inventory: There are 4,855 listings available.
• Price trend: Prices have softened 7.37% compared with last year.
• Clean inventory: 61.9% of listings are accident-free.

If you find a listing below $18,652, 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 $18,655 sits slightly below last year's $20,138.

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, condition and documented maintenance will matter more because buyers will have plenty of comparable listings to choose from. Trucks with clean histories and strong owner satisfaction tend to hold attention better when the market is crowded.

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:

• 26.8% of listings are priced as good or great deals.
• At 61.9% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 7.37% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,013, the 2015 costs less than the current year's $18,655 average.
• It leans into a simpler, more traditional full-size pickup formula.

The bottom line: If you want the stronger overall market balance, the 2016 is the better starting point because it combines a lower current price trend with solid owner satisfaction and decent deal availability. If your top priority is spending less upfront, the 2015 is the better secondary path, especially if you value a simpler truck and can find one in good condition.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.