2016 Ford Explorer Depreciation
A 10-year-old 2016 Ford Explorer has lost about 70.2% of its roughly $41,300 original value. In the 2026 source cohort, it typically listed for around $12,390, with most listings between $10,295 and $17,097. Listed examples average 113,373 miles.
2016 Ford Explorer Price by Mileage
What buyers actually pay at different odometer readings.
How Mileage Affects 2016 Ford Explorer Price
Each dot is a real listing — price plotted against odometer reading.
| Mileage | Median price | Listings |
|---|---|---|
| 30k–50k mi | $23,490 | 6 |
| 50k–75k mi | $19,990 | 13 |
| 75k–100k mi | $16,361 | 58 |
| 100k–130k mi | $13,798 | 93 |
| Over 130k mi | $10,318 | 69 |
What's a Good Price for a 2016 Ford Explorer?
Great deal
Under $11,137
Typical
$11,137–$15,990
Overpriced
Above $15,990
Based on the middle 50% of listings — always adjust for mileage and condition.
Price Spread
Range across 241 listings.
Half of all listings fall between $11,137 and $15,990, with a median of $13,500.
Ownership & Condition
Across 241 2016 Ford Explorer listings.
Accident-free
86.4%
One-owner
36.4%
Avg owners
2.1
Personal use
68.2%
2016 Ford Explorer Efficiency & Specs
EPA fuel-economy and powertrain data.
Combined
19 MPG
City / Hwy
16 / 23
Fuel / year
$3,300
Fuel
Regular
Engine
3.5L 6-cyl
EPA class
Standard Sport Utility Vehicle 2WD
Depreciation by Trim
See how each 2016 Ford Explorer trim holds its value.
How the 2016 Ford Explorer Compares to Other Years
At 70.2% depreciation, the 2016 Ford Explorer sits among its neighbors on the depreciation curve. The one-year-newer 2017 has lost 65.8% (around $14,396), so stepping up a model year costs roughly $2,006 more. The older 2015 sits at 73.1% (around $10,948), so dropping back a year saves about $1,442. 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 Ford Explorer.
Known Issues & Complaints
2,420 NHTSA complaints, 14 recalls reported.
STRUCTURE
537 complaintsThe contact owns a 2016 Ford Explorer. The contact received notification of NHTSA Campaign Number: 25V347000 (Structure); however, the part to do the recall repair was unavailable. The contact stated that the manufacturer had exceeded a rea
STEERING
526 complaints2016 Ford Explorer, VIN [XXX]. Filing against Planet Ford Dallas regarding incomplete Regional Program 21R01 (Rear Toe Link Replacement), tied to Federal Safety Recall 21V537. May 11, 2026: Vehicle presented for 21R01 service. May 15: Retur
UNKNOWN OR OTHER
351 complaintsI am filing a complaint regarding a safety recall on my 2016 Ford Explorer that remains unrepaired despite repeated attempts to have it fixed. I purchased this vehicle from a dealership in 2024. At the time of purchase, the dealership did n
ENGINE
227 complaintsCoolant leak in the cylinder head grooves that builds up on the seal and leaking into cylinders. Causing coolant loss, white smoke and engine overheating. This issue has left me stranded on the interstate and in danger with potential engine
POWER TRAIN
196 complaintsWhen I am driving at a speed limit of 35-45 mph, there is a shutter in my transmission accompanied by a rattling noise. It only happens at that range of speed, below 35 and above 45 it seems to work just fine. If I have to drive a considera
ENGINE AND ENGINE COOLING
109 complaintsSee attached document for complaint.
Top Issues
- STRUCTURE
- STEERING
- UNKNOWN OR OTHER
- ENGINE
- POWER TRAIN
Buyer Red Flags
- !Recall 19V435000 (SUSPENSION): Ford Motor Company (Ford) is recalling certain 2011-2017 Explorer vehicles. The rear suspension toe links may fracture due to stress on the rear suspension.
- !Recall 17E048000 (WHEELS): Ford Motor Company (Ford) is recalling certain Wheel Hub Bearing assemblies, part number HB5Z-1104-C, incorrectly listed as being for installation on the rear axles of 2011-2017 Fo
- !Recall 16V475000 (SEATS): Ford Motor Company (Ford) is recalling certain model year 2016 Ford Explorer and F-150 vehicles equipped with a manual recline driver's seat. The seat back frame may have insuffici
- !Recall 17V767000 (SEATS): Ford Motor Company (Ford) is recalling certain 2016 F-150 and Explorer vehicles. Loose power seat adjuster pivot bolts may cause the front seat cushions to detach and not properly
2016 Ford Explorer Listings
Real 2016 Explorer listings on the market now.
$23,990
2016 Sport · White
45,411 mi · Indianapolis, IN
View listing →
$19,990
2016 XLT · Silver
45,653 mi · Columbus, OH
View listing →
$23,990
2016 Platinum · White
48,832 mi · Chicago, IL
View listing →
$24,990
2016 Platinum · Red
49,257 mi · Oklahoma City, OK
View listing →
$21,990
2016 Sport · Black
60,961 mi · Tampa, FL
View listing →
$21,590
2016 Sport · Black
62,466 mi · Tampa, FL
View listing →
Live dealer listings, refreshed periodically. Prices and availability change.
Frequently Asked Questions
How much is a 2016 Ford Explorer worth?
A 2016 Ford Explorer is typically worth around $12,390, with most listings falling between $10,295 and $17,097. The single biggest swing factor is mileage — listed examples average about 113,373 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 Ford Explorer depreciated?
The 2016 Ford Explorer has lost about 70.2% of its original $41,300 base MSRP — roughly $28,993 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 Explorer have?
Listed 2016 Explorers average about 113,373 miles, with most between 84,613 and 143,814. 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 Ford Explorer?
For a 2016 Ford Explorer, anything under $11,137 is a strong deal, $11,137 to $15,990 is the typical range where most cars trade, and above $15,990 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 Ford Explorer are computed from 181 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 August 2026.