Used 2016 Chevrolet Silverado 1500 for Sale near Ontario

How much does the 2016 Chevrolet Silverado 1500 cost?

Prices have softened 5.62% compared to this time last year, making it a favourable time to shop this model year.

There are 288 listings available, which gives you a reasonable 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 truck that owners have been broadly happy with. Review feedback repeatedly points to great value, reliability, and comfortable features, while also noting good gas mileage and stability on the road. That fits a full-size pickup that’s meant to work hard but still feel usable day to day, especially if you want a truck with a more modern cabin and broad configuration choices. With 28.5% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2016 Chevrolet Silverado 1500 reliable?

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

The review summary also highlights reliability, trouble-free ownership impressions, and confidence in the truck’s long-term usefulness, even as some owners mention the Chevy Shake issue. That mix suggests many buyers have found it dependable in regular use, but you should still pay close attention to maintenance history and how the truck drives on a test route. For used buyers, the main long-term ownership risk is that a strong reputation for durability can be offset by costly mechanical concerns if the specific truck has been poorly maintained.

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 afford to compare listings carefully rather than rushing into the first truck you see.

• Deal availability: 28.5% of listings are priced as good or great deals.
• Inventory: There are 288 listings available.
• Price trend: Prices have softened 5.62% compared with last year.

If you find a listing below $19,396 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 $19,854 CAD sits slightly below last year's $21,037 CAD.

That softer pricing suggests the market has become a bit more favourable for buyers, but it also means future sellers may need to price competitively to stand out. If you own one now, holding onto a clean, well-maintained example could help protect value better than average-condition trucks. The current inventory and deal mix also suggest buyers are still comparing carefully, so presentation and service records matter.

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:

• 28.5% of listings are priced as good or great deals.
• Price trend: Prices have softened 5.62% compared with last year.
• Owners rate it 4.45/5 — a solid satisfaction signal.

The bottom line: If you want a 2016 Silverado 1500 with a more modern cabin, updated tech, and a market that has eased a bit, this year is worth serious consideration. If you’re especially price-sensitive, you may want to compare nearby model years and focus on whichever truck gives you the best condition, service history, and asking price rather than chasing the badge year alone.

These recommendations are based on CarGurus' proprietary market data from September 15, 2026, CarGurus experts' opinions, and generative AI.