Used 2016 Chevrolet Silverado 1500 for Sale near Michigan

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 9.59% compared to this time last year, making it a favorable time to shop this model year.

There are 4,934 listings available, which gives you a solid pool of trucks to compare.

Is the 2016 Chevrolet Silverado 1500 a good car?

Yes — the 2016 Chevrolet Silverado 1500 earns a 4.5/5 user rating, which points to strong owner satisfaction. Owners commonly praise its value, reliability, comfortable features, good gas mileage, and stable road manners. If you want a full-size pickup that balances everyday usability with work-truck capability, this model year fits that use case well. With 31.0% of listings marked as good or great deals, you also have a decent chance of finding a competitive price.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.5/5, a strong signal of long-term satisfaction.

The user feedback highlights reliability, and owners also describe the truck as dependable and trouble-free in everyday use. That said, you should still evaluate maintenance history carefully, because long-term ownership risk can rise quickly if a used truck has been neglected or driven hard.

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

At 60.6% 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 from a trusted mechanic. Focus on body condition, signs of prior repair, and how the truck drives under load and at highway speeds. If a listing looks especially clean and well maintained, that can matter more than mileage alone.

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

This is a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile options.

• Deal availability: 31.0% of listings are priced as good or great deals.
• Inventory: There are 4,934 listings available.
• Price trend: Prices have softened 9.59% compared with last year.
• Clean inventory: 60.6% of listings are accident-free.

If you find a listing below $18,046, 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 $18,065 sits slightly below last year's $19,981.

That price movement suggests the truck has become more affordable for buyers, but it also means a future seller may face a softer market than before. If you buy well and keep the truck in strong condition, you can help protect your exit value. Demand should remain supported by the model’s broad appeal and strong owner satisfaction.

Vehicles with strong owner satisfaction ratings, like this model year's 4.5/5, 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:

• 31.0% of listings are priced as good or great deals.
• At 60.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 9.59% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

Consider the 2015 if:

• At $17,130, the 2015 costs less than the current year's $18,065 average.
• It offers a simpler, more traditional truck formula.

The bottom line: You should lean toward the 2016 if you want the stronger overall mix of value, owner satisfaction, and modern features. If your main goal is to spend less, the 2015 is the better budget-first alternative, especially if you find one in cleaner condition or with the equipment you want.

How does the 2016 Chevrolet Silverado 1500 compare to the 2016 Ford F-150?

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.