Used 2016 GMC Sierra 1500 for Sale nearOakville, ON

How much does the 2016 GMC Sierra 1500 cost?

Prices have softened 12.92% compared to this time last year, making it a favourable time to shop this model year.

There are 310 listings available, which gives you a decent amount of choice in the used market.

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 full-size pickup. Owners most often praise its comfort, features, and smooth ride, and many also like the luxurious Denali trim and thoughtful design elements. The overview points to a truck that suits work, towing, and everyday use, so it fits you well if you want capability with a more premium cabin feel. With 26.8% 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 also points to a truck that can feel dependable and trouble-free in day-to-day use, especially when you value comfort and a strong feature set. At the same time, some owners mention reliability concerns with the air conditioning and transmission, so you should pay close attention to service history and test-drive behaviour. For used buyers, that means long-term ownership risk is manageable, but only if you verify maintenance and watch for drivetrain issues.

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

This looks like a moderate, selective buyer’s market, so you can shop with some leverage if you’re patient and compare listings carefully.

• Deal availability: 26.8% of listings are priced as good or great deals.
• Inventory: There are 310 listings available.
• Price trend: Prices have softened 12.92% compared with last year.

If you find a listing below $21,116 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 $21,116 CAD sits slightly below last year's $24,250 CAD.

That price movement suggests the market has cooled, which can make resale a little less favourable if you’re planning to sell soon. If you buy at the right price now, though, you may reduce the risk of taking a bigger hit later. The fact that there are 310 listings also means buyers have options, which can keep upward pressure on resale values in better-equipped or cleaner examples.

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:

• 26.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 12.92% compared with last year.
• Owners rate it 4.3/5 — a solid satisfaction signal.

The bottom line: You should lean toward the 2016 if you want a used Sierra 1500 with a strong mix of comfort, features, and value, especially if you can find one priced near the lower end of the range. If you’re more price-sensitive, a nearby model year may be worth comparing, but the 2016 stands out as a balanced choice for shoppers who want a premium-feeling full-size truck without stretching too far.

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 4, 2026, CarGurus experts' opinions, and generative AI.