How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.76% compared to this time last year, making it a favorable time to shop this model year.

There are 4,848 listings available, which suggests you should have a decent amount of inventory to compare.

If you find a listing below $18,837.45, 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 stable road manners. The overview also fits that feedback: you get a full-size pickup that balances capability with everyday usability, plus added tech and convenience features that make it feel more modern. With 29.2% of listings marked as good or great deals, you still have room to shop selectively.

Is the 2016 Chevrolet Silverado 1500 reliable?

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

The owner summary reinforces that impression by highlighting reliability, trouble-free ownership, and confidence in the truck’s day-to-day use. That said, some owners mention the Chevy Shake issue, so you should still pay close attention to how a used example drives and feels over time.

For used buyers, the main long-term ownership risk is ending up with a truck that has hidden vibration or maintenance issues, so a careful test drive and inspection matter.

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

At 61.7% 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 body condition, signs of prior repair, and how the truck drives at different speeds and road surfaces. If anything feels off, move on to a cleaner example rather than hoping the issue is minor.

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 patient.

• Deal availability: 29.2% of listings are priced as good or great deals.
• Inventory: There are 4,848 listings available.
• Price trend: Prices have softened 6.76% compared with last year.
• Clean inventory: 61.7% of listings are accident-free.

If you find a listing below $18,837.45, 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 $18,847 sits slightly below last year's $20,212.

That softer pricing can help you buy more affordably now, but it also means future resale gains may be more limited if the market stays under pressure. If you plan to sell later, condition and mileage will matter even more because the broader price trend is already working against appreciation. Strong demand for well-kept trucks should still help, but you should expect resale value to depend heavily on how clean and well documented your truck is.

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:

• 29.2% of listings are priced as good or great deals.
• At 61.7% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.76% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,121, the 2015 costs less than the current year's $18,847 average.
• It leans on a straightforward, traditional truck formula.

The bottom line: If you want the better-balanced choice, the 2016 is the stronger pick because it brings more modern tech and a still-reasonable market price. If your priority is spending less up front, the 2015 is the better secondary path, especially if you value a simpler, more traditional setup and can find a clean example.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.