Is the $10,923 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as a Great Deal because the asking price of $10,923 is below the typical market range for this vehicle.

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

Based on 1,905 comparable listings in OH, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $20,341, with prices ranging from $3,500 to $39,388.

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

Comparable Chevrolet Silverado 1500 listings in OH spend an average of 53 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Columbus, OH 43235. VIN: 1GCVKREC8GZ124742. Mileage: 194,025 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 $12,995 to $30,990, based on 46 comparable vehicles.

Vehicle Details

VIN1GCVKREC8GZ124742

TrimLT

Exterior ColorGray

Drivetrain4WD

Engine4.3L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot63

Days on Market224

2016 Chevrolet Silverado 1500

Great Deal

$10,923194,025 miles

Columbus, OH 43235

Market price position

Lowest comparable ($)

12,995

Highest comparable ($)

30,990

This vehicle's price ($)

10,923

$10,923 · $2,072 below market low

$12,995comparable$30,990

Regional range: $12,995 – $30,990
vs. market low: — $2,072 (16% below)
Comparable vehicles: 46

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.

Local Range$19,814 – $26,998

Regional Range$12,995 – $30,990

Dealer Info

Hidden

Columbus, OH

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About This 2016 Chevrolet Silverado 1500

Listing updated: May 1, 2026

Listed by a franchise dealer in Columbus, OH · On lot for 63 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $10,923 by a franchise dealer in Columbus, OH 43235. It has 194,025 miles on the odometer. The exterior color is Gray. 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 46 similar vehicles in the Columbus market, the estimated market range is $12,995 to $30,990. The local market range in OH is $19,814 to $26,998.

This vehicle has been on the lot for 63 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 franchise dealer in Columbus, OH, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC8GZ124742 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 OH

Comparable Vehicles

1,905

Average Price

$20,341

Price Range

$3,500–$39,388

Avg Days on Lot

Based on 1,905 comparable 2014-2018 Chevrolet Silverado 1500 listings in OH, the average asking price is $20,341. This listing at $10,923 is $9,418 below average (46% below market). Comparable prices in OH range from $3,500 to $39,388. Similar vehicles spend an average of 53 days on dealer lots in this market.