2016 Chevrolet Silverado 1500 Depreciation
A 10-year-old 2016 Chevrolet Silverado 1500 has lost about 48.0% of its roughly $43,775 original value. In the 2026 source cohort, it typically listed for around $28,465, with most listings between $25,998 and $32,993. Listed examples average 80,195 miles.
2016 Chevrolet Silverado 1500 Price by Mileage
What buyers actually pay at different odometer readings.
How Mileage Affects 2016 Chevrolet Silverado 1500 Price
Each dot is a real listing — price plotted against odometer reading.
| Mileage | Median price | Listings |
|---|---|---|
| 30k–50k mi | $29,333 | 5 |
| 50k–75k mi | $28,947 | 20 |
| 75k–100k mi | $28,599 | 23 |
| 100k–130k mi | $26,995 | 9 |
What's a Good Price for a 2016 Chevrolet Silverado 1500?
Great deal
Under $26,995
Typical
$26,995–$29,996
Overpriced
Above $29,996
Based on the middle 50% of listings — always adjust for mileage and condition.
Price Spread
Range across 60 listings.
Half of all listings fall between $26,995 and $29,996, with a median of $28,465.
Ownership & Condition
Across 60 2016 Chevrolet Silverado 1500 listings.
Accident-free
81.7%
One-owner
33.3%
Avg owners
2.1
Personal use
73.3%
2016 Chevrolet Silverado 1500 Efficiency & Specs
EPA fuel-economy and powertrain data.
Combined
19 MPG
City / Hwy
17 / 23
Fuel / year
$3,300
Fuel
Regular
Engine
5.3L 8-cyl
EPA class
Standard Pickup Trucks 2WD
Depreciation by Trim
See how each 2016 Chevrolet Silverado 1500 trim holds its value.
| Trim | Fuel | MSRP | Median Resale | Depreciation | Listings |
|---|---|---|---|---|---|
| Z71 LT | Gasoline | $43,775 | $29,888 | 44.2% | 9 |
| LT | Gasoline | $40,775 | $29,317 | 45.6% | 24 |
| Z71 LTZ | Gasoline | $48,200 | $26,886 | 48.4% | 8 |
| LTZ | Gasoline | $46,835 | $27,997 | 53.5% | 13 |
| High Country | Gasoline | $53,015 | $27,497 | 53.7% | 6 |
How the 2016 Chevrolet Silverado 1500 Compares to Other Years
At 48.0% depreciation, the 2016 Chevrolet Silverado 1500 sits among its neighbors on the depreciation curve. The one-year-newer 2017 has lost 50.7% (around $21,789). The older 2015 sits at 53.0% (around $23,995), so dropping back a year saves about $4,470. Buying one model year newer or older is one of the easiest ways to trade purchase price against age and remaining warranty.
Safety Ratings
NHTSA crash test ratings for the 2016 Chevrolet Silverado 1500.
Known Issues & Complaints
791 NHTSA complaints, 11 recalls reported.
SERVICE BRAKES
225 complaintsBrake assist activates for no apparent reason
POWER TRAIN
177 complaintsTransmission started shifting hard, shuddering in torque converter, and long time shifting into 1st gear. Took it to a Transmission guy and he said it needs a full rebuild and is very common with this Transmission in this truck.
STEERING
108 complaintsHad steering centering go out. Data cable pinched or broken somewhere in system and transmission got out. Also 4x4 system went out.
ELECTRICAL SYSTEM
73 complaintsDoors automatically unlock while driving or parked and not running.
UNKNOWN OR OTHER
48 complaintsI have had so much issues as has thousands upon thousands of other people related to the arm on my truck nothing but issues regarding it
ENGINE
36 complaintsThe AFM code p3400 was activated on the truck and the lifters went bad and caused damage to the cam shift. Lifter failure which caused fuel to shoot down exhaust and burned out the catalytic converters. Dealership wants 10k to fix not inclu
Top Issues
- SERVICE BRAKES
- POWER TRAIN
- STEERING
- ELECTRICAL SYSTEM
- UNKNOWN OR OTHER
Buyer Red Flags
- !Recall 18V578000 (SERVICE BRAKES, HYDRAULIC): General Motors LLC (GM) is recalling certain 2015-2016 Chevrolet Silverado 2500, 3500, 1500 Crew Cab Special Service, Tahoe Police Pursuit/Special Service, GMC Sierra 2500, and 350
- !Recall 18V291000 (SEAT BELTS): General Motors LLC (GM) is recalling certain 2015-2016 Chevrolet Silverado 1500 and Tahoe Police Pursuit and Special-Service vehicles. The flexible steel cable connecting the drive
- !Recall 19V645000 (SERVICE BRAKES, HYDRAULIC): General Motors LLC (GM) is recalling certain 2015-2017 Cadillac Escalade, 2014-2018 Chevrolet Silverado, GMC Sierra, 2015-2018 Chevrolet Suburban, Tahoe, GMC Yukon vehicles. The am
- !Recall 19V761000 (SERVICE BRAKES, HYDRAULIC): General Motors LLC (GM) is recalling certain 2015-2020 Chevrolet Suburban, Tahoe, and GMC Yukon, and 2014-2018 Chevrolet Silverado 1500 and GMC Sierra 1500 vehicles equipped with a
2016 Chevrolet Silverado 1500 Listings
Real 2016 Silverado 1500 listings on the market now.
$42,557
2016 Z71 LT · Black
11,728 mi · Tracy, MO
View listing →
$27,644
2016 LT · Siren Red Tintcoat
33,345 mi · Denver, CO
View listing →
$28,779
2016 LT · Deep Ocean Blue Metallic
37,285 mi · Kingsville, MD
View listing →
$37,995
2016 LT · Black
38,252 mi · Fontana, CA
View listing →
$29,995
2016 LT · Summit White
42,979 mi · Rome, GA
View listing →
$29,333
2016 LT · Silver Ice Metallic
46,032 mi · Menomonie, WI
View listing →
Live dealer listings, refreshed periodically. Prices and availability change.
Frequently Asked Questions
How much is a 2016 Chevrolet Silverado 1500 worth?
A 2016 Chevrolet Silverado 1500 is typically worth around $28,465, with most listings falling between $25,998 and $32,993. The single biggest swing factor is mileage — listed examples average about 80,195 miles, and each additional 10,000 miles shaves a few percent off the price. Condition, accident history, trim, and how many owners a car has had move the number from there. Treat the median as a fair starting point and adjust up for a clean, low-mileage, one-owner car or down for higher mileage and any reported damage.
How much has the 2016 Chevrolet Silverado 1500 depreciated?
The 2016 Chevrolet Silverado 1500 has lost about 48.0% of its original $43,775 base MSRP — roughly $21,012 in value, after adjusting listing prices to typical mileage for the age. Most of a car's lifetime depreciation happens in its earliest years, so a vehicle of this age has usually weathered the steepest part of the curve already. That's what makes a well-kept example at this age an efficient buy: you let the original owner absorb the fastest depreciation, then enjoy a much slower decline from here.
How many miles does a used 2016 Silverado 1500 have?
Listed 2016 Silverado 1500s average about 80,195 miles, with most between 55,666 and 106,630. As a rule of thumb, "average" mileage for any car is roughly 12,000 miles per year of age, so compare a specific listing against that benchmark. A below-average odometer commands a premium and an above-average one a discount, but a higher-mileage car with complete service records and one owner can be a better buy than a low-mileage car with gaps in its history. Consistent maintenance does more for a car's remaining lifespan than a low number on the odometer alone.
What is a good price for a 2016 Chevrolet Silverado 1500?
For a 2016 Chevrolet Silverado 1500, anything under $26,995 is a strong deal, $26,995 to $29,996 is the typical range where most cars trade, and above $29,996 is on the expensive side — those higher prices usually buy lower mileage, a certified warranty, or a premium trim. Always weigh the asking price against the car's specific mileage and condition rather than the sticker alone: a slightly higher price for a clean, one-owner, accident-free example is often money well spent. And treat a listing priced well below the range as a prompt to dig deeper — unusually cheap cars almost always have a reason, whether it's high mileage, accident history, or a branded title.
Methodology
Figures for the 2016 Chevrolet Silverado 1500 are computed from 60 real used-car listings. Each asking price is normalized to a standard 12,000 miles per year for the car's age, adjusted by a 5% asking-to-sale estimate, and compared against the original base MSRP for that VIN's trim. Full methodology. Updated June 2026.