Used 2016 Chevrolet Silverado 1500 for Sale nearColorado Springs, CO

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.27% compared to this time last year, making it a favorable time to shop this model year.

There are 4,897 listings available, which gives you a solid amount of inventory to compare.

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, and the truck’s design and feature set also come through as a major draw. If you want a full-size pickup that balances traditional capability with a more modern feature set, that combination fits the use case well. With 26.6% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2016 Chevrolet Silverado 1500 reliable?

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

Owner feedback specifically calls out reliability and trouble-free ownership as strengths, alongside value and comfort. That said, you should still pay close attention to maintenance history and how the truck has been used, because long-term ownership risk can rise quickly if prior care was inconsistent.

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

At 62.1% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should run a vehicle history report before you commit, then prioritize a pre-purchase inspection on any truck that looks promising. Focus on overall condition, signs of prior bodywork, and whether the truck has been maintained consistently, 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 is a moderate market for selective buyers, so you can shop with some leverage if you stay patient and compare listings carefully.

• Deal availability: 26.6% of listings are priced as good or great deals.
• Inventory: There are 4,897 listings available.
• Price trend: Prices have softened 7.27% compared with last year.
• Clean inventory: 62.1% of listings are accident-free.

If you find a listing below $18,634, 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 $18,634 sits slightly below last year's $20,094.

That softer pricing suggests the truck has already absorbed some of its near-term depreciation, which can help future resale stability if you buy at the right price. For a seller, that means condition, mileage, and maintenance history will matter even more when it’s time to list. Trucks with strong owner satisfaction tend to keep buyer interest longer, especially when they’re well cared for.

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:

• 26.6% of listings are priced as good or great deals.
• At 62.1% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 7.27% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,030, the 2015 costs less than the current year's $18,634 average.
• It leans into a simpler, more traditional full-size pickup formula.

The bottom line: If you want the stronger current-market balance of price, inventory, and owner satisfaction, the 2016 is the better starting point. If your priority is spending less up front, the 2015 is the more budget-friendly path and may be worth a closer look.

These recommendations are based on CarGurus' proprietary market data from September 11, 2026, CarGurus experts' opinions, and generative AI.