Is the $9,581 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $9,581 is within the typical market range for this vehicle.

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

Based on 1,813 comparable listings in MI, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $19,021, with prices ranging from $3,833 to $44,900.

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

Comparable Chevrolet Silverado 1500 listings in MI spend an average of 47 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Millington, MI 48746. VIN: 1GCVKREC3GZ416170. Mileage: 202,958 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 $8,900 to $31,595, based on 59 comparable vehicles.

Vehicle Details

VIN1GCVKREC3GZ416170

TrimLT

Exterior ColorBlack

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot26

2016 Chevrolet Silverado 1500

Fair Price

$9,581202,958 mi

Millington, MI 48746

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Fair Price

Why: Listed at $9,581, comparable market range $8,900–$31,595, based on 59 comparable listings. Days on lot: 26 days (market average 47 days).

Market price position

Lowest comparable ($)

8,900

Highest comparable ($)

31,595

This vehicle's price ($)

9,581

$9,581 · within market range

$8,900comparable$31,595

Regional range: $8,900 – $31,595
vs. market: $681 above low · $22,014 below high
Comparable vehicles: 59

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

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.

Regional Range$8,900 – $31,595

Dealer Info

Hidden

Millington, MI

This dealer is not yet on OAV

Request a connection and we'll notify the dealer you're interested

View all vehicles from this franchise dealer in Millington, MI →

About This 2016 Chevrolet Silverado 1500

Listing updated: May 20, 2026

Listed by a franchise dealer in Millington, MI · On lot for 26 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $9,581 by a franchise dealer in Millington, MI 48746. It has 202,958 miles on the odometer. The exterior color is Black. 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 59 similar vehicles in the Millington market, the estimated market range is $8,900 to $31,595.

This vehicle has been on the lot for 26 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 Millington, MI 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 Millington, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC3GZ416170 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 refreshed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Silverado 1500 Market in MI

Comparable Vehicles

1,813

Average Price

$19,021

Price Range

$3,833–$44,900

Avg Days on Lot

Based on 1,813 comparable 2014-2018 Chevrolet Silverado 1500 listings in MI, the average asking price is $19,021. This listing at $9,581 is $9,440 below average (50% below market). Comparable prices in MI range from $3,833 to $44,900. Similar vehicles spend an average of 47 days on dealer lots in this market.