How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 6.95% compared to this time last year, making it a favorable time to shop this model year.

There are 4,937 listings available, which suggests solid inventory for comparison shopping.

If you find a listing below $18,836.47, 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, comfortable features, good gas mileage, and stability on the road. The overview also frames it as a practical fit for both work and daily driving, with enough versatility to suit different needs. With 29.3% 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 user summary repeatedly points to reliability, and it also highlights dependable ownership traits like good gas mileage and stability on the road. That combination suggests this truck has earned trust from owners who want something they can count on over time. For used buyers, the main long-term ownership risk is making sure a specific truck has been maintained well and doesn’t have hidden condition issues.

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

At 62.6% 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 prior damage. Then prioritize a thorough pre-purchase inspection, especially if the truck has higher mileage or signs of heavy use. Focus on overall condition, maintenance records, and any evidence of past repairs before you commit.

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 carefully and still find worthwhile options.

• Deal availability: 29.3% of listings are priced as good or great deals.
• Inventory: There are 4,937 listings available.
• Price trend: Prices have softened 6.95% compared with last year.
• Clean inventory: 62.6% of listings are accident-free.

If you find a listing below $18,836.47, 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 $18,831 sits slightly below last year's $20,236.

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 buyers will have plenty of comparable listings to choose from. Strong owner satisfaction can still help support demand when it’s time to resell.

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:

• 29.3% of listings are priced as good or great deals.
• At 62.6% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 6.95% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,188, the 2015 costs less than the current year's $18,831 average.
• It offers strong capability and comfort with high owner satisfaction.

The bottom line: If you want the better-balanced current-year choice, the 2016 is the safer starting point because pricing has eased and inventory is broad. If you’re especially price-sensitive, the 2015 is worth a look since it comes in cheaper while still delivering a strong ownership experience.

These recommendations are based on CarGurus' proprietary market data from August 14, 2026, CarGurus experts' opinions, and generative AI.