Vehicle Details
2016 Chevrolet Silverado 1500
LT
Shakopee, MN 55379
Is this 2016 Chevrolet Silverado 1500 LT a good deal?
OAV verdict: Fair Price
Why: Listed at $9,293, comparable market range $8,999–$21,495, based on 34 comparable listings. Days on lot: 99 days (market average 63 days).
Market price position
$9,293 · within market range
- Regional range
- $8,999 – $21,495
- vs. market
- $294 above low · $12,202 below high
- Comparable vehicles
- 34
Market Retail Price (MRP™)
$15,247This vehicle $9,293 · $5,954 (39%) 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™)
$19,079This vehicle $9,293 · $9,786 (51%) below TRV
TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-23) — an estimate, not an appraisal. How TRV works.
Similar vehicles recently sold in an estimated 9–53 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.
Shakopee Chevrolet
Shakopee, MN
OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.
Request availability and out-the-door price
OAV will route your inquiry to Shakopee Chevrolet 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 23, 2026Listed by a franchise dealer in Shakopee, MN · On lot for 99 days · VIN verifiable at NHTSA
This used 2016 Chevrolet Silverado 1500 LT is listed at $9,293 by shakopee chevrolet in Shakopee, MN 55379. It has 291,847 miles on the odometer. The exterior color is Red. It features a 4WD drivetrain with a 5.3L V8 engine and Automatic transmission.
OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 34 similar vehicles in the Shakopee market, the estimated market range is $8,999 to $21,495. The local market range in MN is $17,995 to $17,995.
This vehicle has been on the lot for 99 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 Shakopee, MN 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 a franchise dealer in Shakopee, MN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC0GZ343601 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 Silverado 1500 Market in MN
Comparable Vehicles
862
Average Price
$19,727
Price Range
$3,995–$44,430
Avg Days on Lot
63
Based on 862 comparable 2014-2018 Chevrolet Silverado 1500 listings in MN, the average asking price is $19,727. This listing at $9,293 is $10,434 below average (53% below market). Comparable prices in MN range from $3,995 to $44,430. Similar vehicles spend an average of 63 days on dealer lots in this market.
Similar Chevrolet Silverado 1500 Listings in MN
3 comparable vehicles within ±2 model years and ±30,000 miles (subject trim: LT — compare trims below)