How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.96% compared to this time last year, making it a favorable time to shop this model year.

There are 4,960 listings available, which suggests solid inventory for comparison shopping.

If you find a listing below $18,891.51, 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 call out good gas mileage and stability on the road. For you, that makes it a practical fit if you want a full-size pickup that can handle both work and daily driving while still feeling comfortable and well-rounded. 28.6% of listings are priced as good or great deals, so 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.

The user feedback repeatedly emphasizes reliability, and owners also describe it as dependable and trouble-free in everyday use. That kind of feedback matters if you want a truck you can count on over the long term, especially when you’re shopping used and trying to avoid surprise ownership headaches. For you, the main risk is buying a truck with hidden wear or unresolved issues, so condition and maintenance history matter a lot.

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

At 61.5% 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 collision records. Then prioritize a pre-purchase inspection, especially if the truck has higher mileage, uneven panel gaps, or signs of suspension or drivetrain wear. Focus your condition check on how the truck drives, how it shifts, and whether any repairs appear to have been done poorly.

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: 28.6% of listings are priced as good or great deals.
• Inventory: There are 4,960 listings available.
• Price trend: Prices have softened 6.96% compared with last year.
• Clean inventory: 61.5% of listings are accident-free.

If you find a listing below $18,891.51, 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 $18,895 sits slightly below last year's $20,309.

That price movement suggests the market has cooled, which can help you buy more selectively now but may also limit upside if you plan to resell soon. If you’re thinking about future value, the current trend favors buyers more than sellers. Well-kept trucks with clean histories should still hold up better than average in the used market.

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:

• 28.6% of listings are priced as good or great deals.
• At 61.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.96% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,186, the 2015 costs less than the current year's $18,895 average.
• It offers strong capability with a more traditional, work-ready setup.

The bottom line: If you want the better-balanced shopping environment, the 2016 is the stronger primary target because pricing has eased and owner satisfaction is high. If your top priority is spending less upfront, the 2015 is the better secondary path and may give you more room in your budget.

These recommendations are based on CarGurus' proprietary market data from August 7, 2026, CarGurus experts' opinions, and generative AI.