Used value estimate
2016 Chevrolet Silverado 1500 value
By Hari Vinayak · Updated 2026-06-12
Quick answer
A 2016 Chevrolet Silverado 1500 in good condition with average mileage (about 125,000 miles) is worth roughly $18,050 in a private-party sale — a fair range of $16,600 to $19,500, or about $20,750 at a dealer. Note: 2016 is a flagged year for this model (2014–2019) — The dense cluster: AFM lifter failures on the 5.3, plus 8-speed torque converter shudder. Documented repairs change the math. Expect to pay at the lower end and budget for that risk.
Estimated value by mileage
Good condition, clean title. Mileage is the biggest single factor at this age.
| Mileage | Miles | Fair value | Private party |
|---|---|---|---|
| Lower mileage | 85,000 | $21,550 | $19,850–$23,250 |
| Average mileage | 125,000 | $18,050 | $16,600–$19,500 |
| Higher mileage | 170,000 | $14,150 | $13,000–$15,300 |
Is 2016 a good year to buy?
2016 is a flagged year (2014–2019): The dense cluster: AFM lifter failures on the 5.3, plus 8-speed torque converter shudder. Documented repairs change the math.
See all Chevrolet Silverado 1500 years to avoidWhat to check before you pay
- 5.3L AFM/DFM lifter failure: ticking, misfires, check-engine light — the signature Silverado problem
- 2007–2013 5.3L: oil consumption from AFM oil spray — check level and top-off habits
- 2015–2021 8-speed: torque converter shudder — ask if the fluid-flush TSB was performed
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