How much does the 2016 Chevrolet Traverse cost?

Prices have softened 10.38% compared to this time last year, making it a favorable time to shop this model year.

There are 1,538 listings available, which gives you a solid amount of inventory to compare across price and condition.

If you find a listing below $9,256.96, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Traverse a good car?

Yes — the 4.5/5 user rating points to strong owner satisfaction for this model year.

The 2016 Traverse stands out for its large size, family-friendly layout, and especially roomy third row, which makes it a practical choice if you need space for passengers and cargo. It also offers a smooth, powerful V6 and a comfortable ride, so it fits well if you want a three-row crossover that prioritizes everyday usability over flash.

26.5% 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 mixed reliability record, especially in earlier models, even though the 2016 version shows improvement. That means you should still approach used examples with care, especially if you plan to keep the vehicle for the long haul.

For used buyers, the main ownership risk is ending up with a higher-mileage example that has not been maintained as carefully as it should have been.

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

At 59.4% 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 screen for accidents and title issues before you spend time on a test drive. After that, prioritize a thorough inspection of the body, interior, and mechanical condition, since the best value will usually come from a clean, well-kept example rather than the cheapest listing. Focus on signs of wear that could matter more in a family vehicle, especially if you expect to use the third row and cargo area regularly.

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-priced examples.

• Deal availability: 26.5% of listings are priced as good or great deals.
• Inventory: There are 1,538 listings available.
• Price trend: Prices have softened 10.38% compared with last year.
• Clean inventory: 59.4% of listings are accident-free.

If you find a listing below $9,256.96, 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 $9,345 sits slightly below last year's $10,428.

That softer pricing suggests the market has already adjusted downward, which can help you buy at a more favorable entry point today. For a future seller, that also means resale performance will depend heavily on condition, mileage, and how well the vehicle is documented and maintained. If you buy carefully now, you improve your odds of holding value better than the average listing.

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:

• 26.5% of listings are priced as good or great deals.
• At 59.4% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 10.38% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line: You should lean toward the 2016 Traverse if you want a spacious, family-oriented three-row SUV and you can verify that the specific vehicle has a clean history and solid maintenance. If your priority is stretching your budget as far as possible, a different year may be worth comparing, but the 2016 remains a sensible choice when you find a well-kept example at the right price.

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