2016 Chevrolet Silverado 1500 LT
Vehicle Details
LT
Buffalo, MN 55313
Is this 2016 Chevrolet Silverado 1500 LT a good deal?
OAV verdict: Fair Price
Why: Listed at $18,787, comparable market range $9,293–$21,345, based on 26 comparable listings. Listed 20 days · about typical for comparable local listings (typical ~15–90 days).
Market price position
$18,787 · within market range
- Comparable range
- $9,293 – $21,345
- vs. market
- $9,494 above low · $2,558 below high
- Comparable vehicles
- 26
Market Retail Price (MRP™)
$15,319This vehicle $18,787 · $3,468 (23%) above 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™)
$20,201This vehicle $18,787 · $1,414 (7%) below TRV
TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-08-28) — an estimate, not an appraisal. How TRV works.
Comparable vehicles nationally recently sold in an estimated 10–42 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.
Ryan Chevrolet
Buffalo, MN
OAV routes your inquiry; pricing, taxes, fees, and availability come from the dealer.
Request availability and out-the-door price
OAV will route your inquiry to Ryan Chevrolet 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: Aug 28, 2026Listed by a franchise dealer in Buffalo, MN · On lot for 20 days · VIN verifiable at NHTSA
This used 2016 Chevrolet Silverado 1500 LT is listed at $18,787 by ryan chevrolet in Buffalo, MN 55313. It has 106,382 miles on the odometer (dealer-reported, not independently verified by OAV). The exterior color is Gray. It features a 4WD drivetrain with a 4.3L V6 engine and Automatic transmission.
OAV's independent, evidence-backed Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 26 comparable listings matched to this vehicle, the estimated market range is $9,293 to $21,345. These comparisons match year, make, model, and market, using trim where trim data supports it. OAV does not adjust comparables for odometer — where mileage would distort a verdict, it withholds one instead.
This vehicle has been on the lot for 20 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 Buffalo, MN trucks market analysis. OAV compares vehicles by local and regional price-to-market ranges and comparable count; days-on-lot and demand signals are shown separately, not as verdict inputs.
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, using trim where trim data supports it. OAV does not adjust comparables for odometer; on very high-mileage vehicles it withholds a verdict rather than overstate a discount the odometer explains. 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 can surface additional verification signals, but commercial participation never changes a listing's Price-to-Market verdict, eligibility, ranking, or confidence.
How this listing is verified
This vehicle listing was aggregated from a franchise dealer in Buffalo, MN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GCVKREC9GZ227765 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 MN
MN Market Listings
429
Average Price
$18,746
Price Range
$10,976–$26,853
Avg Days on Lot
86
Based on all 429 2014-2018 Chevrolet Silverado 1500 listings in the MN market, the average asking price is $18,746. This listing at $18,787 is $41 above the broader MN average (0% above the MN average). This is a wider, all-trim comparison across MN; OAV's price verdict above uses the closer comparable set. Comparable prices in MN range from $10,976 to $26,853. Similar vehicles spend an average of 86 days on dealer lots in this market.
Similar Chevrolet Silverado 1500 Listings in MN
8 similar listings shown (closest matches within ±2 model years) and ±30,000 miles (subject trim: LT — compare trims below)
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