Used 2016 GMC Sierra 1500 for Sale near Prince Edward Island

How much does the 2016 GMC Sierra 1500 cost?

Prices have softened 15.07% compared to this time last year, making it a favourable time to shop this model year.

There are 276 listings available, which gives you a decent amount of choice when comparing condition, mileage, and trim.

Is the 2016 GMC Sierra 1500 a good car?

Generally — the 4.25/5 user rating suggests you can feel reasonably confident shopping this model year. Owners most often praise its comfort, features, and smooth ride, and many also like the luxurious Denali trim and thoughtful design elements. The Sierra 1500’s broad appeal comes through in its mix of work-truck capability and a more upscale cabin, so it can suit you whether you want a practical hauler or a more refined daily driver. With 22.8% of listings marked as good or great deals, you still have some room to shop selectively.

Is the 2016 GMC Sierra 1500 reliable?

Owners rate it 4.25/5, a solid signal of long-term satisfaction.

The owner feedback points to a truck that many people have found dependable enough to live with over time, especially when it comes to comfort and day-to-day usability. 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 how the truck drives on a test route. For used buyers, that means the long-term ownership risk is manageable, but only if you verify maintenance and avoid examples with unresolved drivetrain or climate-control 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 patiently and still find worthwhile options.

• Deal availability: 22.8% of listings are priced as good or great deals.
• Inventory: There are 276 listings available.
• Price trend: Prices have softened 15.07% compared with last year.

If you find a listing below $21,477 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 $21,477 CAD sits slightly below last year's $25,289 CAD.

That price movement suggests the market has already adjusted downward, which can help you as a buyer now but may limit upside if you plan to resell soon. If you buy at the right price and keep the truck in strong condition, you may be better positioned than someone who pays near the top of the range. Vehicles with solid owner satisfaction ratings, like this model year's 4.25/5, 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:

• 22.8% of listings are priced as good or great deals.
• Price trend: Prices have softened 15.07% compared with last year.
• Owners rate it 4.25/5 — a solid satisfaction signal.

The bottom line: If you want a used full-size pickup with a more premium cabin feel, strong capability, and a market that has become more favourable on price, the 2016 is a sensible place to focus. If you’re especially price-sensitive, you can also compare nearby years to see whether a similar truck offers a better deal, but the 2016 stands out as a balanced choice when you want comfort and utility in one package.

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