Is the $14,997 price on this 2016 Chevrolet Colorado a good deal?

OAV rates this as a Great Deal because the asking price of $14,997 is below the typical market range for this vehicle.

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

Comparable Chevrolet Colorado listings in VA spend an average of 168 days on dealer lots.

Where is this 2016 Chevrolet Colorado located?

This vehicle is listed in Virginia Beach, VA 23462. VIN: 1GCGSCEA7G1226987. Mileage: 112,986 miles.

What is the fair market price range for this 2016 Chevrolet Colorado?

OAV's Price-to-Market analysis estimates the fair market range is $16,899 to $18,787, based on 28 comparable listings matched to this vehicle.

2016 Chevrolet Colorado LT for Sale in Virginia Beach, VA

No Photo Available

Vehicle Details

VIN1GCGSCEA7G1226987

TrimLT

Exterior ColorRed

DrivetrainRWD

Engine2.5L I4

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot81

Great Deal

$14,997112,986 mi

Virginia Beach, VA 23462

Is this 2016 Chevrolet Colorado LT a good deal?

OAV verdict: Great Deal

Why: Listed at $14,997, comparable market range $16,899–$18,787, based on 28 comparable listings. Days on lot: 81 days (market average 168 days).

Market price position

$14,997 · $1,902 below market low

Comparable range: $16,899 – $18,787
vs. market low: — $1,902 (11% below)
Comparable vehicles: 28

Market Retail Price (MRP™)

$17,843

This vehicle $14,997 · $2,846 (16%) 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™)

$17,434

This vehicle $14,997 · $2,437 (14%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-31) — 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 10–48 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 are rebuilt from the market snapshot shown above.

Local Range$16,899 – $16,899

Regional Range$16,899 – $18,787

Atlantic Auto & Truck Sales

Virginia Beach, VA

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

View all vehicles from atlantic auto & truck sales →

Request availability and out-the-door price

OAV will route your inquiry to Atlantic Auto & Truck Sales for current availability of this 2016 Chevrolet Colorado LT 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 Colorado

Listing updated: Jul 30, 2026

Listed by an independent dealer in Virginia Beach, VA · On lot for 81 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Colorado LT is listed at $14,997 by atlantic auto & truck sales in Virginia Beach, VA 23462. It has 112,986 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Red. It features a RWD drivetrain with a 2.5L I4 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as a Great Deal — priced below market value. Based on 28 comparable listings matched to this vehicle for its price verdict, the estimated market range is $16,899 to $18,787. The local market range in VA is $16,899 to $16,899.

This vehicle has been on the lot for 81 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 Virginia Beach, VA trucks 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 Colorado 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 Virginia Beach, VA, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCGSCEA7G1226987 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 Chevrolet Colorado Market in VA

VA Market Listings

Average Price

$18,416

Price Range

$7,400–$41,596

Avg Days on Lot

168

Based on all 99 2014-2018 Chevrolet Colorado listings in the VA market, the average asking price is $18,416. This listing at $14,997 is $3,419 below average (19% below market). Comparable prices in VA range from $7,400 to $41,596. Similar vehicles spend an average of 168 days on dealer lots in this market.