Is the $7,976 price on this 2020 Chevrolet Traverse a good deal?

OAV rates this as a Great Deal because the asking price of $7,976 is below the typical market range for this vehicle.

What is the average price for a 2020 Chevrolet Traverse in MI?

Based on 1,311 comparable listings in MI, the average asking price for a 2018-2022 Chevrolet Traverse is $21,754, with prices ranging from $7,976 to $52,285.

How long does a 2020 Chevrolet Traverse typically stay on dealer lots?

Comparable Chevrolet Traverse listings in MI spend an average of 63 days on dealer lots.

Where is this 2020 Chevrolet Traverse located?

This vehicle is listed in Fenton, MI 48430. VIN: 1GNERHKW2LJ167221. Mileage: 193,889 miles.

What is the fair market price range for this 2020 Chevrolet Traverse?

OAV's Price-to-Market analysis estimates the fair market range is $16,994 to $30,225, based on 27 comparable vehicles.

Vehicle Details

VIN1GNERHKW2LJ167221

Trim3LT

Exterior ColorBlack

DrivetrainFWD

Engine3.6L V6

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot22

2020 Chevrolet Traverse

3LT

Great Deal

$7,976193,889 mi

Fenton, MI 48430

Is this 2020 Chevrolet Traverse 3LT a good deal?

OAV verdict: Great Deal

Why: Listed at $7,976, comparable market range $16,994–$30,225, based on 27 comparable listings. Days on lot: 22 days (market average 63 days).

Market price position

Lowest comparable ($)

16,994

Highest comparable ($)

30,225

This vehicle's price ($)

7,976

$7,976 · $9,018 below market low

$16,994comparable$30,225

Regional range: $16,994 – $30,225
vs. market low: — $9,018 (53% below)
Comparable vehicles: 27

Demand-Verified· Backed by recent sales data

Similar vehicles recently sold in an estimated 13–61 days.

Verify before inquiring

This listing is priced about 53% below the lowest comparable vehicle in the regional market. Discounts at this scale frequently indicate accident damage, branded title (salvage or rebuilt), or undisclosed mechanical issues. Strongly recommend pulling a vehicle history report and inspecting listing photos carefully before inquiring.

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$17,499 – $17,499

Regional Range$16,994 – $30,225

Dealer Info

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Fenton, MI

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About This 2020 Chevrolet Traverse

Listing updated: May 17, 2026

Listed by a franchise dealer in Fenton, MI · On lot for 22 days · VIN verifiable at NHTSA

This used 2020 Chevrolet Traverse 3LT is listed at $7,976 by a franchise dealer in Fenton, MI 48430. It has 193,889 miles on the odometer. The exterior color is Black. It features a FWD drivetrain with a 3.6L 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 27 similar vehicles in the Fenton market, the estimated market range is $16,994 to $30,225. The local market range in MI is $17,499 to $17,499.

This vehicle has been on the lot for 22 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 Fenton, MI suvs 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 2020 Chevrolet Traverse 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 Fenton, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 1GNERHKW2LJ167221 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.

2020 Chevrolet Traverse Market in MI

Comparable Vehicles

1,311

Average Price

$21,754

Price Range

$7,976–$52,285

Avg Days on Lot

Based on 1,311 comparable 2018-2022 Chevrolet Traverse listings in MI, the average asking price is $21,754. This listing at $7,976 is $13,778 below average (63% below market). Comparable prices in MI range from $7,976 to $52,285. Similar vehicles spend an average of 63 days on dealer lots in this market.