Used 2016 Chevrolet Silverado 1500 for Sale near British Columbia

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 2.51% compared to this time last year, making it a favourable time to shop this model year.

There are 293 listings available, which gives you a modest amount of inventory to compare.

Is the 2016 Chevrolet Silverado 1500 a good car?

Generally — the 4.45/5 user rating suggests you’re looking at a well-liked truck. Owners commonly praise its great value, reliability, and comfortable features, and many also point to its good gas mileage and stable road manners. For you, that makes it a sensible fit if you want a full-size pickup with broad configuration choices and a straightforward work-ready character, while still getting a more modern cabin and updated tech for the model year. With 24.9% of listings marked as good or great deals, there’s still some room to shop carefully.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.45/5, a solid signal of long-term satisfaction.

The owner feedback points to reliability, dependability, and a truck that many drivers feel they can count on over time. That said, the broader reputation for this generation includes transmission trouble, so used buyers should pay close attention to service history and how the truck drives under load.

Is now a good time to buy a used 2016 Chevrolet Silverado 1500?

This looks like a moderate, selective buyer’s market, so you can shop patiently and still find worthwhile options.

• Deal availability: 24.9% of listings are priced as good or great deals.
• Inventory: There are 293 listings available.
• Price trend: Prices have softened 2.51% compared with last year.

If you find a listing below $19,387 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Silverado 1500's resale value?

The current average of $20,382 CAD sits slightly below last year's $20,907 CAD.

That softer pricing trend suggests future sellers may need to stay competitive if they want to move the truck quickly. If you buy well now, you may have a better chance of limiting depreciation pressure later, especially if you keep the truck in strong condition and maintain it properly. The current market also shows enough demand to support resale, but not so much that you can expect prices to rise sharply in the near term.

Vehicles with solid owner satisfaction ratings, like this model year's 4.45/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 Chevrolet Silverado 1500 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:

• 24.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 2.51% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

The bottom line: If you want the updated styling, expanded infotainment, and broad configuration range of the 2016 model year, it’s a strong place to start. If you’re especially price-sensitive, you may also want to compare nearby years and focus on the best-maintained truck rather than the newest badge, since condition and service history matter a lot with this generation.

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