Is the $8,600 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as a Great Deal because the asking price of $8,600 is below the typical market range for this vehicle.

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

Based on 1,583 comparable listings in FL, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $20,284, with prices ranging from $5,999 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 57 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Pensacola, FL 32503. VIN: 1GCVKREC4GZ198840. Mileage: 273,541 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 $13,999 to $18,994, based on 6 comparable vehicles.

Vehicle Details

VIN1GCVKREC4GZ198840

TrimLT

Exterior ColorWhite

Drivetrain4WD

Engine4.3L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot278

2016 Chevrolet Silverado 1500

Unscored

$8,600273,541 miles

Pensacola, FL 32503

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Unscored

Why: Listed at $8,600, comparable market range $13,999–$18,994, based on 6 comparable listings. Days on lot: 278 days (market average 57 days).

Market price position

Lowest comparable ($)

13,999

Highest comparable ($)

18,994

This vehicle's price ($)

8,600

$8,600 · $5,399 below market low

$13,999comparable$18,994

Regional range: $13,999 – $18,994
vs. market low: — $5,399 (39% below)
Comparable vehicles: 6

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?

Verify before inquiring

This listing is priced about 39% below the lowest comparable vehicle in the regional market. Discounts at this scale frequently indicate accident damage, branded title (salvage or rebuilt), or undisclosed mechanical issues. Strongly recommend pulling a vehicle history report and inspecting listing photos carefully before inquiring.
This listing has been on market about 5.2x longer than typical for similar vehicles (cohort sells in 9–53 days; this one is at 278). 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 refresh daily.

Local Range$13,999 – $17,894

Regional Range$13,999 – $18,994

Dealer Info

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Pensacola, FL

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About This 2016 Chevrolet Silverado 1500

Listing updated: May 17, 2026

Listed by an independent dealer in Pensacola, FL · On lot for 278 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $8,600 by an independent dealer in Pensacola, FL 32503. It has 273,541 miles on the odometer. The exterior color is White. It features a 4WD drivetrain with a 4.3L V6 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Unscored due to insufficient comparable data. Based on 6 similar vehicles in the Pensacola market, the estimated market range is $13,999 to $18,994. The local market range in FL is $13,999 to $17,894.

This vehicle has been on the lot for 278 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 Pensacola, 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.

This rating refreshes daily as inventory enters and leaves the market. The dealer on this listing has not yet activated on OAV, so the business name and contact details are anonymized here. Activated (paying) dealers appear with their verified business name and a Verified badge.

How this listing is verified

This vehicle listing was aggregated from an independent dealer in Pensacola, FL, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC4GZ198840 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 FL

Comparable Vehicles

1,583

Average Price

$20,284

Price Range

$5,999–$42,500

Avg Days on Lot

Based on 1,583 comparable 2014-2018 Chevrolet Silverado 1500 listings in FL, the average asking price is $20,284. This listing at $8,600 is $11,684 below average (58% below market). Comparable prices in FL range from $5,999 to $42,500. Similar vehicles spend an average of 57 days on dealer lots in this market.