2016 Chevrolet Suburban LT
68.9% depreciation ($38,963)
2016 Chevrolet Suburban LT has a median resale price of $15,767 against an original MSRP of $54,730, which works out to 68.9% depreciation across 90 analyzed listings. It ranks 3 of 3 trims by value retention for this model year. This trim is listed with flex-fuel (FFV) and rear wheel drive.
Depreciation Details
- MSRP (When New)
- $54,730
- Median Resale Price
- $15,767
- Depreciation
- 68.9%
- Listings Analyzed
- 90
How LT Compares to Other 2016 Trims
Lower depreciation means stronger resale retention. The LT ranks 3 of 3 trims with enough listing data for this model year.
| Trim | MSRP | Median Resale | Depreciation | Listings |
|---|---|---|---|---|
| LS | $49,700 | $15,999 | 65.6% | 15 |
| LTZ | $64,440 | $19,995 | 68.5% | 94 |
| LTthis trim | $54,730 | $15,767 | 68.9% | 90 |
Specifications
| Engine Type | flex-fuel (FFV) |
| Horsepower | 355 hp |
| Torque | 383 lb-ft |
| Transmission | 6-speed shiftable automatic |
| Drivetrain | rear wheel drive |
| City MPG | 16 mpg |
| Highway MPG | 23 mpg |
| Combined MPG | 18 mpg |
| Engine Size | 5.3 |
| Cylinders | V8 |
| Body Type | SUV |
| Doors | 5 |
| Seats | 8 |
| Curb Weight | 5,586 lbs |
| Cargo Capacity | 39.3 |
| Fuel Tank | 31.0 |
Frequently Asked Questions
How much has the 2016 Chevrolet Suburban LT depreciated?
The 2016 Chevrolet Suburban LT shows 68.9% depreciation from its original MSRP. In dollar terms, the median listing price is $15,767 compared with an original MSRP of $54,730. This is based on 90 current used-market listings, so it should be read as market research rather than a guaranteed trade-in value.
Is the LT trim a good value for this model year?
The value case depends on how its depreciation compares with neighboring trims and whether the equipment matters to you. Among the 3 trims with enough listing data, it ranks 3 by lowest depreciation. A lower depreciation percentage usually means stronger resale value, while a larger dollar discount can be attractive if you care more about purchase price than future resale. Compare mileage, condition, accident history, and options before treating the trim ranking as a final buying decision.
What specs are matched for the 2016 Chevrolet Suburban LT?
The matched spec record lists flex-fuel (FFV), rear wheel drive, 6-speed shiftable automatic, 18 combined MPG. The spec match is used only when it can be tied to this model year and trim without an ambiguous join. If source records disagree, the page favors the depreciation data and avoids presenting unsupported mechanical details as fact.