Used 2016 Chevrolet Traverse for Sale nearToronto, ON

How much does the 2016 Chevrolet Traverse cost?

Prices have softened 21.72% compared to this time last year, making it a favourable time to shop this model year.

There are 64 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 Chevrolet Traverse a good car?

Yes — the 2016 Chevrolet Traverse earns a 4.5/5 user rating, which lines up with its appeal as a large three-row crossover built for family practicality. The overview points to a roomy cabin, one of the class’s roomiest third rows, a comfortable ride, intuitive technology, and easy day-to-day usability, so it makes sense if you want minivan-like usefulness in SUV form. It is especially relevant if you need generous passenger space and straightforward controls rather than a plush cabin or sporty feel.

With 35.9% of listings marked as good or great deals, you have a decent chance of finding a competitively priced example.

Is the 2016 Chevrolet Traverse reliable?

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

The overview also notes that the model’s reliability record is a weak point, so you should be selective about condition and maintenance history. For used buyers, that means the right example can still be a smart family hauler, but a neglected one could carry more ownership risk over time.

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

This looks like a moderate market for selective buyers, especially if you are willing to compare listings carefully.

• Deal availability: 35.9% of listings are priced as good or great deals.
• Inventory: There are 64 listings available.
• Price trend: Prices have softened 21.72% compared with last year.

If you find a listing below $10,340 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Traverse's resale value?

The current average of $10,493 CAD sits slightly below last year's $13,406 CAD.

That drop suggests the market has already adjusted downward, which can be helpful if you are buying now but less favourable if you plan to sell soon. If prices stay near this level, future resale gains may be limited unless you buy a particularly clean, well-maintained example. Strong condition and documented maintenance will matter more for preserving value than the badge alone.

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 Traverse 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:

• 35.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 21.72% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line: You should buy the 2016 if your priority is maximum space, family-friendly usability, and a lower entry price than many comparable three-row crossovers. If you are especially price-sensitive, it is worth cross-shopping nearby model years and focusing on the cleanest, best-maintained example rather than chasing the cheapest listing.

How does the 2016 Chevrolet Traverse compare to the 2016 GMC Acadia?

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