Is the $20,342 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $20,342 is within the typical market range for this vehicle.

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

Based on 767 comparable listings in MN, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $19,958, with prices ranging from $3,995 to $39,995.

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

Comparable Chevrolet Silverado 1500 listings in MN spend an average of 68 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Baxter, MN 56425. VIN: 1GCVKREH7GZ118605. Mileage: 96,665 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 $20,342 to $20,342, based on available comparable vehicles.

Vehicle Details

VIN1GCVKREH7GZ118605

TrimLT

Exterior ColorSilver

Drivetrain4WD

Engine4.3L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

MSRP$20,342

Days on Lot26

Days on Market40

2016 Chevrolet Silverado 1500

Fair Price

$20,34296,665 miles

Baxter, MN 56425

Market price position

Lowest comparable ($)

20,342

Highest comparable ($)

20,342

This vehicle's price ($)

20,342

$20,342 · only listing at this price

$20,342 — single data point

Regional range: $20,342 (0 listings)
vs. market: Exact match — no spread
Comparable vehicles: 0

Market Breakdown

Local = comparable listings in the same metro. Regional = comparable listings across the broader state or multi-state region. Both ranges refresh daily.

Regional Range$16,990 – $16,990

Dealer Info

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Baxter, MN

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About This 2016 Chevrolet Silverado 1500

Listing updated: Apr 24, 2026

Listed by a franchise dealer in Baxter, MN · On lot for 26 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $20,342 by a franchise dealer in Baxter, MN 56425. It has 96,665 miles on the odometer. The exterior color is Silver. 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 Fair Price — priced at market value. Based on available similar vehicles in the Baxter market, the estimated market range is $20,342 to $20,342.

This vehicle has been on the lot for 26 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 Baxter, MN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network. The VIN 1GCVKREH7GZ118605 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 MN

Comparable Vehicles

767

Average Price

$19,958

Price Range

$3,995–$39,995

Avg Days on Lot

Based on 767 comparable 2014-2018 Chevrolet Silverado 1500 listings in MN, the average asking price is $19,958. This listing at $20,342 is $384 above average (2% above market). Comparable prices in MN range from $3,995 to $39,995. Similar vehicles spend an average of 68 days on dealer lots in this market.