Used 2016 Chevrolet Silverado 1500 for Sale near Michigan

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.18% compared to this time last year, making it a favorable time to shop this model year.

There are 4,868 listings available, which gives you a solid pool of trucks to compare.

Is the 2016 Chevrolet Silverado 1500 a good car?

Generally — the 4.45/5 user rating points to strong owner satisfaction. Owners repeatedly praise its great value, reliability, comfortable features, good gas mileage, and stable road manners. That lines up well if you want a full-size pickup that blends traditional truck capability with a more modern feature set. With 26.5% 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 feedback highlights reliability, and many drivers describe it as dependable and trouble-free in everyday use. That said, the model year’s reputation is shaped by transmission concerns, so long-term ownership risk depends heavily on maintenance history and how well a specific truck has been cared for.

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

At 61.4% 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 reported damage was repaired properly. A pre-purchase inspection should focus on transmission behavior, shifting smoothness, and overall mechanical condition. It also helps to prioritize trucks with clear service records and consistent maintenance, since condition matters 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 patiently and still find worthwhile options.

• Deal availability: 26.5% of listings are priced as good or great deals.
• Inventory: There are 4,868 listings available.
• Price trend: Prices have softened 7.18% compared with last year.
• Clean inventory: 61.4% 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 $18,666 sits slightly below last year's $20,110.

That softer pricing suggests the market has cooled, which can help you buy at a better entry point today. For a future seller, it also means resale value may be more sensitive to condition, mileage, and maintenance history than to broad market momentum. Well-kept trucks with clean records should hold up better than average, especially if they present as dependable daily drivers.

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:

• 26.5% of listings are priced as good or great deals.
• At 61.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 7.18% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,093, the 2015 costs less than the current year's $18,666 average.
• It leans into a simpler, more traditional full-size truck formula.

The bottom line: If you want the stronger overall market balance, the 2016 is the better starting point because it combines broad owner approval with a softer price trend and decent deal availability. If your top priority is saving money upfront, the 2015 is the more budget-friendly path, especially if you find one with a strong maintenance record.

These recommendations are based on CarGurus' proprietary market data from September 22, 2026, CarGurus experts' opinions, and generative AI.