Is the $47,480 price on this 2016 Chevrolet Corvette a good deal?

OAV rates this as Overpriced because the asking price of $47,480 is above the typical market range for this vehicle.

What is the average price for a 2016 Chevrolet Corvette in IN?

Based on 111 comparable listings in IN, the average asking price for a 2014-2018 Chevrolet Corvette is $55,355, with prices ranging from $25,039 to $94,995.

How long does a 2016 Chevrolet Corvette typically stay on dealer lots?

Comparable Chevrolet Corvette listings in IN spend an average of 57 days on dealer lots.

Where is this 2016 Chevrolet Corvette located?

This vehicle is listed in Westfield, IN 46074. VIN: 1G1YH2D77G5112234. Mileage: 28,552 miles.

No Photo Available

Vehicle Details

VIN1G1YH2D77G5112234

Trim1LT

Exterior ColorYellow

DrivetrainRWD

Engine6.2L V8

TransmissionAutomatic

Fuel TypePremium Unleaded

Inventory Typeused

Days on Lot27

2016 Chevrolet Corvette

1LT

Unscored

$47,48028,552 mi

Westfield, IN 46074

Is this 2016 Chevrolet Corvette 1LT a good deal?

OAV verdict: Unscored

Why: Listed at $47,480, comparable market range $38,990–$45,990, based on 3 comparable listings. Days on lot: 27 days (market average 57 days).

Market price position

$47,480 · $1,490 above market high

$38,990comparable$45,990

Regional range: $38,990 – $45,990
vs. market high: + $1,490 (3% above)
Comparable vehicles: 3

Market Retail Price (MRP™)

$42,490

This vehicle $47,480 · $4,990 (12%) above 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™)

$43,254

This vehicle $47,480 · $4,226 (10%) above TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-20) — 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 11–44 days.

What does Demand-Verified mean?

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges refresh daily.

Regional Range$38,990 – $45,990

Unlimited Motors Westfield

Westfield, IN

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

View all vehicles from unlimited motors westfield →

Request availability and out-the-door price

OAV will route your inquiry to Unlimited Motors Westfield for current availability of this 2016 Chevrolet Corvette 1LT 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 Chevrolet Corvette

Listing updated: Jul 20, 2026

Listed by an independent dealer in Westfield, IN · On lot for 27 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Corvette 1LT is listed at $47,480 by unlimited motors westfield in Westfield, IN 46074. It has 28,552 miles on the odometer. The exterior color is Yellow. It features a RWD drivetrain with a 6.2L V8 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Unscored due to insufficient comparable data. Based on 3 similar vehicles in the Westfield market, the estimated market range is $38,990 to $45,990.

This vehicle has been on the lot for 27 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 Westfield, IN coupes 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 Chevrolet Corvette 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 Westfield, IN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1G1YH2D77G5112234 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 updated daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Corvette Market in IN

Comparable Vehicles

111

Average Price

$55,355

Price Range

$25,039–$94,995

Avg Days on Lot

Based on 111 comparable 2014-2018 Chevrolet Corvette listings in IN, the average asking price is $55,355. This listing at $47,480 is $7,875 below average (14% below market). Comparable prices in IN range from $25,039 to $94,995. Similar vehicles spend an average of 57 days on dealer lots in this market.