Used 2016 Chevrolet Silverado 1500 for Sale nearLondon, ON

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 9.06% compared to this time last year, making it a favourable time to shop this model year.

There are 257 listings available, which gives you a solid amount of inventory to compare before you buy.

Is the 2016 Chevrolet Silverado 1500 a good car?

Yes — the 2016 Chevrolet Silverado 1500 earns a 4.5/5 user rating, which points to strong owner satisfaction. Owners commonly praise its value, reliability, comfortable features, good gas mileage, and stable road manners, while the truck’s design and feature set also come through as recurring positives. For you, that makes it a sensible choice if you want a full-size pickup with broad appeal for work, family use, or both. With 22.2% of listings marked as good or great deals, there is still meaningful market opportunity if you shop carefully.

Is the 2016 Chevrolet Silverado 1500 reliable?

Owners rate it 4.5/5, a strong signal of long-term satisfaction.

The owner feedback points to reliability, dependability, and a truck that many drivers feel comfortable counting on over time. That said, some owners mention the Chevy Shake issue, so a used example still deserves a careful test drive and service-history review.

For used buyers, the long-term ownership risk is manageable if you prioritise condition and maintenance records, but transmission-related concerns mean you should be selective.

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 with some leverage if you know what you want.

• Deal availability: 22.2% of listings are priced as good or great deals.
• Inventory: There are 257 listings available.
• Price trend: Prices have softened 9.06% compared with last year.

If you find a listing below $19,205 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 $19,489 CAD sits slightly below last year's $21,430 CAD.

That softer pricing suggests the truck has already absorbed some of its recent market depreciation, which can help future resale stability if you buy at the right price. If you choose a well-kept example, you may have less downside than someone who pays near the top of the range. Strong demand for full-size pickups can also help support resale, especially when the truck has the right configuration and a clean history.

Vehicles with strong owner satisfaction ratings, like this model year's 4.5/5, 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:

• 22.2% of listings are priced as good or great deals.
• Price trend: Prices have softened 9.06% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line: The 2016 Silverado 1500 is the better pick if you want a well-liked used full-size truck with a lower average price and decent deal availability. If you are especially price-sensitive, you should still compare nearby years and focus on the cleanest, best-maintained example rather than chasing the newest badge alone.

How does the 2016 Chevrolet Silverado 1500 compare to the 2016 Ford F-150?

These recommendations are based on CarGurus' proprietary market data from November 10, 2026, CarGurus experts' opinions, and generative AI.