Used 2016 GMC Sierra 1500 for Sale nearRichmond Hill, ON

How much does the 2016 GMC Sierra 1500 cost?

Prices have softened 10.69% compared to this time last year, making it a favourable time to shop this model year.

There are 288 listings available, which gives you a reasonable amount of inventory to compare before you buy.

Is the 2016 GMC Sierra 1500 a good car?

Generally — the 2016 GMC Sierra 1500 earns a 4.25/5 user rating, which points to solid owner satisfaction. Owners commonly praise its comfort, features, and smooth ride, and many also like the Denali trim’s more luxurious feel and the truck’s thoughtful design elements. It also fits well if you want a work-ready pickup that still feels polished inside, with modern connectivity and a premium-leaning cabin. With 29.9% of listings marked as good or great deals, you have a decent chance of finding a competitive offer.

Is the 2016 GMC Sierra 1500 reliable?

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

Owner feedback points to a truck that many people find dependable in day-to-day use, with comfort and performance that often meet or exceed expectations. At the same time, some drivers report 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 long-term ownership risk is manageable, but only if you shop carefully and verify maintenance records.

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

This is a moderate, selective buyer’s market, so you can be choosy without expecting every listing to be a bargain.

• Deal availability: 29.9% of listings are priced as good or great deals.
• Inventory: There are 288 listings available.
• Price trend: Prices have softened 10.69% compared with last year.

If you find a listing below $21,474 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 $21,629 CAD sits slightly below last year's $24,218 CAD.

That price movement suggests the market has cooled, which can help you buy more confidently now but may also mean future resale gains are more limited. If you plan to sell later, the softer pricing trend means you should be realistic about how much value the truck may hold over time. Strong demand for well-equipped pickups still helps, but the current market is clearly more favourable to buyers than sellers.

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:

• 29.9% of listings are priced as good or great deals.
• Price trend: Prices have softened 10.69% compared with last year.
• Owners rate it 4.25/5 — a solid satisfaction signal.

The bottom line: If you want a well-equipped full-size pickup with a premium feel, the 2016 is a sensible place to focus, especially because pricing has eased and there is enough inventory to compare options. If you are especially price-sensitive, you may also want to look at nearby years and use the softer market to negotiate aggressively on the best-maintained truck you can find.

These recommendations are based on CarGurus' proprietary market data from October 13, 2026, CarGurus experts' opinions, and generative AI.