How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 7.29% compared to this time last year, making it a favorable time to shop this model year.

There are 4,825 listings available, which suggests you have a solid amount of inventory to compare.

If you find a listing below $18,921.88, 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 many also highlight good gas mileage and stability on the road. The Silverado 1500 also fits well if you want a full-size pickup that can handle work duties while still serving as a practical daily driver. With 28.0% 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 also emphasizes reliability, dependability, and a truck that many drivers feel comfortable counting on over time. That said, some shoppers do mention the Chevy Shake issue, so you should pay close attention to how a used example drives and feels. For used buyers, the main long-term ownership risk is ending up with a truck that has been maintained inconsistently or shows signs of the concerns owners have flagged.

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 prior damage. After that, prioritize a thorough pre-purchase inspection, especially if the truck has higher mileage or visible signs of heavy use. Focus on overall condition, maintenance evidence, and how the truck drives, since those details matter more when you are comparing used pickups.

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: 28.0% of listings are priced as good or great deals.
• Inventory: There are 4,825 listings available.
• Price trend: Prices have softened 7.29% compared with last year.
• Clean inventory: 61.5% of listings are accident-free.

If you find a listing below $18,921.88, 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 $18,911 sits slightly below last year's $20,397.

That price movement suggests the market has cooled, which can matter if you plan to sell later. A softer current price can limit near-term upside, but it can also make the truck easier to move if you buy well and keep it in strong condition. The Silverado’s broad appeal and practical reputation should help support demand, especially for clean, well-kept examples.

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:

• 28.0% 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 7.29% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

Consider the 2015 if:

• At $17,268, the 2015 costs less than the current year's $18,911 average.
• It offers strong capability and a comfortable, well-equipped cabin.

The bottom line: If you want a well-liked full-size pickup with strong owner satisfaction and a softer market price, the 2016 is the better primary target. If your top priority is spending less upfront, the 2015 is the more price-sensitive path and still gives you a compelling Silverado experience.

These recommendations are based on CarGurus' proprietary market data from July 31, 2026, CarGurus experts' opinions, and generative AI.