Is the $12,765 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $12,765 is within the typical market range for this vehicle.

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

Based on 316 comparable listings in NJ, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $18,420, with prices ranging from $3,997 to $39,900.

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

Comparable Chevrolet Silverado 1500 listings in NJ spend an average of 73 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Newark, NJ 07104. VIN: 1GCVKREC4GZ176188. Mileage: 157,050 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 $10,900 to $26,997, based on 19 comparable vehicles.

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Vehicle Details

VIN1GCVKREC4GZ176188

TrimLT

Exterior ColorRed

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot35

2016 Chevrolet Silverado 1500

Fair Price

$12,765157,050 mi

Newark, NJ 07104

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Fair Price

Why: Listed at $12,765, comparable market range $10,900–$26,997, based on 19 comparable listings. Days on lot: 35 days (market average 73 days).

Market price position

$12,765 · within market range

$10,900comparable$26,997

Regional range: $10,900 – $26,997
vs. market: $1,865 above low · $14,232 below high
Comparable vehicles: 19

Market Retail Price (MRP™)

$18,949

This vehicle $12,765 · $6,184 (33%) 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™)

$16,241

This vehicle $12,765 · $3,476 (21%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-19) — 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?

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$26,997 – $26,997

Regional Range$10,900 – $26,997

Easy Credit Of Jersey

Newark, NJ

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 Easy Credit Of Jersey 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 19, 2026

Listed by an independent dealer in Newark, NJ · On lot for 35 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $12,765 by easy credit of jersey in Newark, NJ 07104. It has 157,050 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 19 similar vehicles in the Newark market, the estimated market range is $10,900 to $26,997. The local market range in NJ is $26,997 to $26,997.

This vehicle has been on the lot for 35 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 Newark, NJ 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 Newark, NJ, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC4GZ176188 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 NJ

Comparable Vehicles

316

Average Price

$18,420

Price Range

$3,997–$39,900

Avg Days on Lot

Based on 316 comparable 2014-2018 Chevrolet Silverado 1500 listings in NJ, the average asking price is $18,420. This listing at $12,765 is $5,655 below average (31% below market). Comparable prices in NJ range from $3,997 to $39,900. Similar vehicles spend an average of 73 days on dealer lots in this market.