Is the $11,499 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as a Great Deal because the asking price of $11,499 is below the typical market range for this vehicle.

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

Based on 472 comparable listings in VA, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $19,620, with prices ranging from $5,400 to $48,491.

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

Comparable Chevrolet Silverado 1500 listings in VA spend an average of 121 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Franklin, VA 23851. VIN: 1GCVKREC7GZ215128. Mileage: 222,157 miles.

No Photo Available

Vehicle Details

VIN1GCVKREC7GZ215128

TrimLT

Exterior ColorBlack

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot28

2016 Chevrolet Silverado 1500

Unscored

$11,499222,157 mi

Franklin, VA 23851

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Unscored

Why: Listed at $11,499, comparable market range $16,007–$25,894, based on 6 comparable listings. Days on lot: 28 days (market average 121 days).

Market price position

$11,499 · $4,508 below market low

$16,007comparable$25,894

Regional range: $16,007 – $25,894
vs. market low: — $4,508 (28% below)
Comparable vehicles: 6

Market Retail Price (MRP™)

$20,951

This vehicle $11,499 · $9,452 (45%) 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™)

$11,559

This vehicle $11,499 · $60 (1%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-25) — 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 9–54 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 are rebuilt from the market snapshot shown above.

Regional Range$16,007 – $25,894

Clearway Chrysler Dodge Jeep Ram

Franklin, VA

OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.

View all vehicles from clearway chrysler dodge jeep ram →

Request availability and out-the-door price

OAV will route your inquiry to Clearway Chrysler Dodge Jeep Ram 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 25, 2026

Listed by a franchise dealer in Franklin, VA · On lot for 28 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $11,499 by clearway chrysler dodge jeep ram in Franklin, VA 23851. It has 222,157 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 Unscored due to insufficient comparable data. Based on 6 similar vehicles in the Franklin market, the estimated market range is $16,007 to $25,894.

This vehicle has been on the lot for 28 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 Franklin, VA 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 Franklin, VA, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC7GZ215128 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 processed daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Silverado 1500 Market in VA

Comparable Vehicles

472

Average Price

$19,620

Price Range

$5,400–$48,491

Avg Days on Lot

121

Based on 472 comparable 2014-2018 Chevrolet Silverado 1500 listings in VA, the average asking price is $19,620. This listing at $11,499 is $8,121 below average (41% below market). Comparable prices in VA range from $5,400 to $48,491. Similar vehicles spend an average of 121 days on dealer lots in this market.