Used 2016 Chevrolet Traverse for Sale nearToronto, ON

How much does the 2016 Chevrolet Traverse cost?

Prices have softened 20.19% compared to this time last year, making it a favourable time to shop this model year.

There are 63 listings available, which gives you a modest amount of inventory to compare.

Is the 2016 Chevrolet Traverse a good car?

Yes — the 2016 Chevrolet Traverse earns a 4.5/5 user rating, and its appeal is strongest if you want a very large crossover with a huge interior, a roomy third row, and minivan-like cargo capacity without moving to a body-on-frame SUV. It is also easy to drive and use, with intuitive technology and a comfortable suspension that smooths out most road imperfections, which makes it a practical fit for family duty and everyday errands. For buyers who value space per dollar, that combination is a major part of its appeal.

With 27.0% of listings marked as good or great deals, there is still some room to shop selectively.

Is the 2016 Chevrolet Traverse reliable?

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

The 2016 Traverse’s reliability story is mixed because its first-generation design is associated with electrical and power steering issues, along with engine and transmission trouble. That means you should treat a used example as a vehicle that can be rewarding if it has been maintained carefully, but one that deserves a thorough inspection before you commit.

For used buyers, the main long-term ownership risk is ending up with a neglected example that brings higher repair costs than the purchase price suggests.

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

This looks like a moderate, selective buyer’s market, so you can afford to compare listings carefully before moving quickly.

• Deal availability: 27.0% of listings are priced as good or great deals.
• Inventory: There are 63 listings available.
• Price trend: Prices have softened 20.19% compared with last year.

If you find a listing below $10,426 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 $10,429 CAD sits slightly below last year's $13,067 CAD.

That price movement suggests the Traverse has become more affordable for buyers, but it also means future sellers may face a softer market if depreciation continues at a similar pace. If you buy well and keep the vehicle in strong condition, you may be better positioned to limit losses when it is time to sell. The model’s value proposition still leans heavily on space and practicality, which can help keep demand steady among family shoppers.

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:

• 27.0% of listings are priced as good or great deals.
• Price trend: Prices have softened 20.19% compared with last year.
• Owners rate it 4.5/5 — a strong satisfaction signal.

The bottom line:

The 2016 Traverse makes the most sense if you want maximum space, easy day-to-day usability, and a lower entry price than many family SUVs. If you are price-sensitive, this year is worth a close look because the market is softer and there are still enough listings to compare. If you want the best balance of value and practicality, start here; if you want to stretch for a cleaner deal or a different ownership profile, compare nearby years before deciding.

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