Is the $14,995 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as a Great Deal because the asking price of $14,995 is below the typical market range for this vehicle.

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

Based on 1,436 comparable listings in MI, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $18,770, with prices ranging from $4,995 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 55 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Detroit, MI 48203. VIN: 1GCVKREC6GZ394097. Mileage: 116,463 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 $17,995 to $17,995, based on 6 comparable vehicles.

Vehicle Details

VIN1GCVKREC6GZ394097

TrimLT

Exterior ColorBlue

Drivetrain4WD

Engine4.3L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

MSRP$14,995

Days on Lot77

Days on Market142

2016 Chevrolet Silverado 1500

Great Deal

$14,995116,463 miles

Detroit, MI 48203

Market price position

Lowest comparable ($)

17,995

Highest comparable ($)

17,995

This vehicle's price ($)

14,995

$14,995 · $3,000 below the market benchmark

$17,995 — single data point

Regional range: $17,995 (6 listings)
vs. market low: — $3,000 (17% below)
Comparable vehicles: 6

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$17,995 – $17,995

Regional Range$10,700 – $21,951

Dealer Info

Hidden

Detroit, 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 independent dealer in Detroit, MI →

About This 2016 Chevrolet Silverado 1500

Listing updated: Apr 23, 2026

Listed by a independent dealer in Detroit, MI · On lot for 77 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $14,995 by a independent dealer in Detroit, MI 48203. It has 116,463 miles on the odometer. The exterior color is Blue. 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 a Great Deal — priced below market value. Based on 6 similar vehicles in the Detroit market, the estimated market range is $17,995 to $17,995. The local market range in MI is $17,995 to $17,995.

This vehicle has been on the lot for 77 days.

Analysis powered by OAV's patented inventory standardization technology (U.S. Patent No. 12,236,477).

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 a independent dealer in Detroit, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network. The VIN 1GCVKREC6GZ394097 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

1,436

Average Price

$18,770

Price Range

$4,995–$44,900

Avg Days on Lot

Based on 1,436 comparable 2014-2018 Chevrolet Silverado 1500 listings in MI, the average asking price is $18,770. This listing at $14,995 is $3,775 below average (20% below market). Comparable prices in MI range from $4,995 to $44,900. Similar vehicles spend an average of 55 days on dealer lots in this market.