Used 2016 Chevrolet Colorado for Sale nearCalgary, AB

How much does the 2016 Chevrolet Colorado cost?

Prices have softened 18.57% compared to this time last year, making it a favourable time to shop this model year.

There are 50 listings available, which gives you a modest amount of inventory to compare before you buy.

Is the 2016 Chevrolet Colorado a good car?

Generally — the 4.2/5 user rating suggests you can feel reasonably confident in this truck if you want a midsize pickup that balances capability with everyday usability. Owners consistently point to its value, performance, and comfort, and many like its manageable size compared with larger trucks. It also fits well if you want a practical choice with useful cargo-bed features and a straightforward layout. With 30.0% of listings marked as good or great deals, you have a decent chance of finding a competitive offer.

Is the 2016 Chevrolet Colorado reliable?

Owners rate it 4.2/5, a solid signal of long-term satisfaction.

The owner feedback points to a truck that many people find dependable and trouble-free enough to live with day to day, especially when they value its utility and comfort. That said, the model’s reputation is tempered by known transmission concerns in this generation, so reliability is best judged carefully on a vehicle-by-vehicle basis. For used buyers, the long-term ownership risk is more about verifying maintenance history and condition than assuming every example will age the same way.

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

This looks like a moderate, selective buyer’s market, so you can be patient and still find a worthwhile example.

• Deal availability: 30.0% of listings are priced as good or great deals.
• Inventory: There are 50 listings available.
• Price trend: Prices have softened 18.57% compared with last year.

If you find a listing below $19,431 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Colorado's resale value?

The current average of $19,442 CAD sits slightly below last year's $23,875 CAD.

That drop suggests the market has already adjusted downward, which can make the truck more attractive to buyers today but less favourable for sellers trying to maximise return. If you own one and plan to sell later, the current pricing trend implies you may want to hold out for the right buyer rather than expect a quick premium. The good news is that steady demand for practical midsize pickups can help support values if your truck is well maintained and properly equipped.

Vehicles with solid owner satisfaction ratings, like this model year's 4.2/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Chevrolet Colorado 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.
• Price trend: Prices have softened 18.57% compared with last year.
• Owners rate it 4.2/5 — a solid satisfaction signal.

The bottom line: The 2016 Colorado makes sense if you want a midsize pickup with strong owner approval, a softer price environment, and enough inventory to shop carefully. If you are price-sensitive, this year is worth a close look because the market has moved down meaningfully. If you want the best value, focus on well-priced examples with strong service records and be selective about condition.

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