Used 2016 Chevrolet Traverse for Sale nearChicago, IL

How much does the 2016 Chevrolet Traverse cost?

Prices have softened 10.46% compared to this time last year, making it a favorable time to shop this model year.

There are 1,375 listings available, which gives you a solid amount of inventory to compare.

Is the 2016 Chevrolet Traverse a good car?

Yes — based on a 4.5/5 user rating, it looks like a strong fit if you want a family-focused three-row SUV with a huge cabin, a usable third row, and minivan-like cargo capacity. The Traverse is especially appealing if you value interior space and everyday utility over sporty handling or standout fuel economy. Its broad spread of comfort and convenience features also makes it easy to tailor to your needs. 30.0% of listings are priced as good or great deals, which gives you some room to shop selectively.

Is the 2016 Chevrolet Traverse reliable?

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

The overview points to a reputation for electrical, power steering, engine, and transmission issues, so reliability is a real consideration with this model year. That means a careful inspection matters more than usual, especially if the vehicle has higher mileage or incomplete service records. For used buyers, the long-term ownership risk is elevated enough that you should prioritize condition and maintenance history over convenience features.

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

At 57.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.

You should start with a vehicle history report to confirm accident records, title status, and service history. Then put inspection priority on the drivetrain, electrical systems, and steering feel, since those are the areas the overview flags as concern points. It also makes sense to focus on overall condition and maintenance consistency, because a well-kept example is more likely to reduce ownership surprises.

Is now a good time to buy a used 2016 Chevrolet Traverse?

This looks like a moderate, selective buyer’s market, so you can shop patiently but should move quickly on the best examples.

• Deal availability: 30.0% of listings are priced as good or great deals.
• Inventory: There are 1,375 listings available.
• Price trend: Prices have softened 10.46% compared with last year.
• Clean inventory: 57.5% of listings are accident-free.

If you find a listing below $8,672, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Traverse's resale value?

The current average of $8,697 sits slightly below last year's $9,713.

That price decline suggests the model has already absorbed a meaningful amount of depreciation, which can help future sellers if they buy at the right price today. If you purchase near the lower end of the range, you may have a better chance of limiting your loss when it comes time to sell. Demand should remain supported by the Traverse’s space-focused appeal, but resale will still depend heavily on condition and maintenance history.

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 Traverse 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:

• 30.0% of listings are priced as good or great deals.
• At 57.5% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 10.46% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line: The 2016 makes sense if you want a roomy three-row SUV and you can find one with clean history and strong maintenance records. If you’re especially price-sensitive, you may want to compare nearby years and focus on the best-maintained example rather than the newest one you can afford.

How does the 2016 Chevrolet Traverse compare to the 2016 GMC Acadia?

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