Used 2016 GMC Sierra 1500 for Sale nearLondon, ON

How much does the 2016 GMC Sierra 1500 cost?

Prices have softened 13.34% compared to this time last year, making it a favourable time to shop this model year.

There are 307 listings available, which gives you a solid amount of inventory to compare before you buy.

Is the 2016 GMC Sierra 1500 a good car?

Generally — the 4.3/5 user rating suggests you’re looking at a well-liked used truck. Owners commonly praise its comfort, features, and smooth ride, and many also like the Denali trim’s more luxurious feel and thoughtful design touches. That makes it a strong fit if you want a full-size pickup that can handle work, towing, and everyday driving while feeling more upscale than many rivals. With 26.7% of listings marked as good or great deals, you have some room to shop selectively.

Is the 2016 GMC Sierra 1500 reliable?

Owners rate it 4.3/5, a solid signal of long-term satisfaction.

The owner feedback points to a truck that many people find dependable and comfortable over time, especially when it comes to everyday use and long-term ownership. At the same time, some drivers report issues with the air conditioning and transmission, so reliability can depend heavily on how well a specific used example has been maintained. For used buyers, that means the long-term ownership risk is manageable, but you should be especially careful about service history and any signs of drivetrain trouble.

Is now a good time to buy a used 2016 GMC Sierra 1500?

This is a moderate market for selective buyers, so you can shop with some leverage if you’re patient and compare listings carefully.

• Deal availability: 26.7% of listings are priced as good or great deals.
• Inventory: There are 307 listings available.
• Price trend: Prices have softened 13.34% compared with last year.

If you find a listing below $20,790 CAD, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 GMC Sierra 1500's resale value?

The current average of $20,790 CAD sits slightly below last year's $23,990 CAD.

That price movement suggests the market has become more favourable for buyers, but it also means future sellers may face a softer resale environment than owners saw a year ago. If you buy now, your eventual trade-in or private-sale value will likely depend on how well the truck holds up and how desirable its trim, condition, and equipment remain. Vehicles with solid owner satisfaction ratings, like this model year's 4.3/5, tend to retain buyer demand, which supports resale value over time.

Should I buy a 2016 GMC Sierra 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:

• 26.7% of listings are priced as good or great deals.
• Price trend: Prices have softened 13.34% compared with last year.
• Owners rate it 4.3/5 — a solid satisfaction signal.

The bottom line: The 2016 is a sensible choice if you want a full-size pickup with a more upscale cabin feel, strong everyday versatility, and a market that currently gives you some negotiating room. If you’re especially price-sensitive, you may also want to compare nearby years to see whether a lower asking price outweighs the 2016’s stronger value position and owner satisfaction.

How does the 2016 GMC Sierra 1500 compare to the 2016 Chevrolet Silverado 1500?

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