Is the $11,700 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as a Great Deal because the asking price of $11,700 is below the typical market range for this vehicle.

What is the average price for a 2016 Chevrolet Silverado 1500 in FL?

Based on 1,471 comparable listings in FL, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $20,244, with prices ranging from $5,900 to $42,500.

How long does a 2016 Chevrolet Silverado 1500 typically stay on dealer lots?

Comparable Chevrolet Silverado 1500 listings in FL spend an average of 63 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Naples, FL 34104. VIN: 1GCRCREC1GZ111250. Mileage: 198,505 miles.

What is the fair market price range for this 2016 Chevrolet Silverado 1500?

OAV's Price-to-Market analysis estimates the fair market range is $13,236 to $22,990, based on 7 comparable vehicles.

No Photo Available

Vehicle Details

VIN1GCRCREC1GZ111250

TrimLT

Exterior ColorSilver

DrivetrainRWD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot163

2016 Chevrolet Silverado 1500

Unscored

$11,700198,505 mi

Naples, FL 34104

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Unscored

Why: Listed at $11,700, comparable market range $13,236–$22,990, based on 7 comparable listings. Days on lot: 163 days (market average 63 days).

Market price position

$11,700 · $1,536 below market low

$13,236comparable$22,990

Regional range: $13,236 – $22,990
vs. market low: — $1,536 (12% below)
Comparable vehicles: 7

Market Retail Price (MRP™)

$18,113

This vehicle $11,700 · $6,413 (35%) 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™)

$13,245

This vehicle $11,700 · $1,545 (12%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-17) — 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 9–51 days.

What does Demand-Verified mean?

Verify before inquiring

This listing has been on market about 3.2x longer than typical for similar vehicles (cohort sells in 9–51 days; this one is at 163). 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 update continuously.

Local Range$19,900 – $19,900

Regional Range$13,236 – $22,990

First Class Auto

Naples, FL

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

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Request availability and out-the-door price

OAV will route your inquiry to First Class Auto for current availability of this 2016 Chevrolet Silverado 1500 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 Silverado 1500

Listing updated: Jul 17, 2026

Listed by an independent dealer in Naples, FL · On lot for 163 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $11,700 by first class auto in Naples, FL 34104. It has 198,505 miles on the odometer. The exterior color is Silver. It features a RWD drivetrain with a 5.3L 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 7 similar vehicles in the Naples market, the estimated market range is $13,236 to $22,990. The local market range in FL is $19,900 to $19,900.

This vehicle has been on the lot for 163 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 Naples, FL 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 Silverado 1500 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 Naples, FL, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCRCREC1GZ111250 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 continuously; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Silverado 1500 Market in FL

Comparable Vehicles

1,471

Average Price

$20,244

Price Range

$5,900–$42,500

Avg Days on Lot

Based on 1,471 comparable 2014-2018 Chevrolet Silverado 1500 listings in FL, the average asking price is $20,244. This listing at $11,700 is $8,544 below average (42% below market). Comparable prices in FL range from $5,900 to $42,500. Similar vehicles spend an average of 63 days on dealer lots in this market.