How much does the 2016 Chevrolet Traverse cost?

Prices have softened 12.56% compared to this time last year, making it a favorable time to shop this model year.

There are 1,477 listings available, which suggests solid inventory for shoppers comparing prices and conditions. If you find a listing below $9,026.35, 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 overview frames it as a huge three-row crossover that prioritizes space and utility over flash, with a roomy cabin, strong towing capacity, and family-friendly seating and cargo flexibility. That makes it a sensible fit if you want a practical SUV that focuses on carrying people and gear rather than delivering sporty driving dynamics. 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 also notes that the Traverse was easy to live with for its era, but it carries a reputation for electrical and power steering issues, along with engine and 6T75 six-speed automatic transmission trouble. That means reliability is less about avoiding the model outright and more about choosing carefully and verifying maintenance and condition before you commit. For used buyers, the main long-term ownership risk is ending up with a neglected example that needs expensive repairs.

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

At 59.2% 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 those with prior damage or repeated claims. Then prioritize a pre-purchase inspection that focuses on electrical systems, steering behavior, and transmission operation, since those are the areas the overview flags as concern points. Because this model is valued for space and utility, you should also check that the interior, cargo area, and seating functions match the seller’s description and your family-use needs.

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

This looks like a moderate market where selective buyers can still find value if they shop carefully.

• Deal availability: 30.0% of listings are priced as good or great deals.
• Inventory: There are 1,477 listings available.
• Price trend: Prices have softened 12.56% compared with last year.
• Clean inventory: 59.2% of listings are accident-free.

If you find a listing below $9,026.35, 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 $9,033 sits slightly below last year's $10,331.

That decline 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 value will depend heavily on how well you preserve condition and documentation. A clean history and strong maintenance records matter more when the broader market has softened. 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 59.2% accident-free, a meaningful share of listings has prior incidents — history verification is especially important.
• Price trend: Prices have softened 12.56% 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, practical three-row SUV and you can verify that the specific vehicle has been well maintained. If you are especially price-sensitive, the current market gives you enough deal activity to keep shopping, but you should be extra selective about history and inspection results before choosing a higher-mileage or lower-priced example.

These recommendations are based on CarGurus' proprietary market data from August 21, 2026, CarGurus experts' opinions, and generative AI.