Is the $8,750 price on this 2016 Ford Explorer a good deal?

OAV rates this as Fair Price because the asking price of $8,750 is within the typical market range for this vehicle.

What is the average price for a 2016 Ford Explorer in MI?

Based on 433 comparable listings in MI, the average asking price for a 2014-2018 Ford Explorer is $12,646, with prices ranging from $2,695 to $44,770.

How long does a 2016 Ford Explorer typically stay on dealer lots?

Comparable Ford Explorer listings in MI spend an average of 95 days on dealer lots.

Where is this 2016 Ford Explorer located?

This vehicle is listed in Wayne, MI 48184. VIN: 1FM5K8D85GGD24637. Mileage: 124,593 miles.

What is the fair market price range for this 2016 Ford Explorer?

OAV's Price-to-Market analysis estimates the fair market range is $6,741 to $18,195, based on 41 comparable vehicles.

No Photo Available

Vehicle Details

VIN1FM5K8D85GGD24637

TrimXLT

Exterior ColorGray

Drivetrain4WD

Engine3.5L V6

TransmissionAutomatic

Fuel TypeE85 / Unleaded

Inventory Typeused

Days on Lot155

2016 Ford Explorer

XLT

Fair Price

$8,750124,593 mi

Wayne, MI 48184

Is this 2016 Ford Explorer XLT a good deal?

OAV verdict: Fair Price

Why: Listed at $8,750, comparable market range $6,741–$18,195, based on 41 comparable listings. Days on lot: 155 days (market average 95 days).

Market price position

$8,750 · within market range

$6,741comparable$18,195

Regional range: $6,741 – $18,195
vs. market: $2,009 above low · $9,445 below high
Comparable vehicles: 41

Market Retail Price (MRP™)

$12,468

This vehicle $8,750 · $3,718 (30%) below MRP

MRP™ is the midpoint of the comparable market range — the representative price the market is asking for similar vehicles. How MRP works.

True Retail Value (TRV™)

$11,985

This vehicle $8,750 · $3,235 (27%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-26) — an estimate, not an appraisal. How TRV works.

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 10–46 days.

What does Demand-Verified mean?

Verify before inquiring

This listing has been on market about 3.4x longer than typical for similar vehicles (cohort sells in 10–46 days; this one is at 155). Long days-on-lot on a fast-turn cohort can signal title concerns, mechanical issues, or pricing the dealer won't actually honor. Recommend a vehicle history report before spending more time.

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges are rebuilt from the market snapshot shown above.

Local Range$9,814 – $9,814

Regional Range$6,741 – $18,195

Senator Auto Sales

Wayne, MI

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from senator auto sales →

Request availability and out-the-door price

OAV will route your inquiry to Senator Auto Sales for current availability of this 2016 Ford Explorer XLT and an out-the-door price quote (taxes, fees, addons included).

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

About This 2016 Ford Explorer

Listing updated: Jul 25, 2026

Listed by an independent dealer in Wayne, MI · On lot for 155 days · VIN verifiable at NHTSA

This used 2016 Ford Explorer XLT is listed at $8,750 by senator auto sales in Wayne, MI 48184. It has 124,593 miles on the odometer. The exterior color is Gray. It features a 4WD drivetrain with a 3.5L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 41 similar vehicles in the Wayne market, the estimated market range is $6,741 to $18,195. The local market range in MI is $9,814 to $9,814.

This vehicle has been on the lot for 155 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

Market context

This listing is part of OAV's broader Wayne, MI suvs market analysis. OAV compares vehicles using local and regional price-to-market ranges, days-on-lot, comparable count, and demand signals where available.

How this deal is rated

OAV compares this 2016 Ford Explorer against similar vehicles currently available in the local and regional market — same make, model, and year range, filtered for comparable mileage. Based on where this listing falls in that comparable set, it is rated:

Great Deal — priced below the typical range for comparable vehicles.
Fair Price — priced within the expected range for comparable vehicles.
Overpriced — priced above the typical range for comparable vehicles.

Listings show OAV's PTM-derived deal quality and live market context. OAV-claimed dealers manage their listing profile and route buyer inquiries directly. Paid OAV partners surface additional verification signals.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Wayne, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1FM5K8D85GGD24637 can be independently verified via the U.S. Department of Transportation's NHTSA VIN decoder, and safety recalls at NHTSA's recall database.

Vehicle attributes (year, make, model, trim, mileage, location) are standardized using OAV's patented methodology (U.S. Patent No. 12,236,477), which normalizes naming conventions and deduplicates cross-listed inventory across the dealership network. Listing data is processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Ford Explorer Market in MI

Comparable Vehicles

433

Average Price

$12,646

Price Range

$2,695–$44,770

Avg Days on Lot

Based on 433 comparable 2014-2018 Ford Explorer listings in MI, the average asking price is $12,646. This listing at $8,750 is $3,896 below average (31% below market). Comparable prices in MI range from $2,695 to $44,770. Similar vehicles spend an average of 95 days on dealer lots in this market.