Is the $8,999 price on this 2016 Chevrolet Equinox a good deal?

OAV rates this as Fair Price because the asking price of $8,999 is within the typical market range for this vehicle.

What is the average price for a 2016 Chevrolet Equinox in MI?

Based on 1,423 comparable listings in MI, the average asking price for a 2014-2018 Chevrolet Equinox is $9,774, with prices ranging from $2,295 to $24,485.

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

Comparable Chevrolet Equinox listings in MI spend an average of 69 days on dealer lots.

Where is this 2016 Chevrolet Equinox located?

This vehicle is listed in Ferndale, MI 48220. VIN: 2GNALBEK5G6164256. Mileage: 76,825 miles.

What is the fair market price range for this 2016 Chevrolet Equinox?

OAV's Price-to-Market analysis estimates the fair market range is $5,753 to $15,795, based on 32 comparable vehicles.

No Photo Available

Vehicle Details

VIN2GNALBEK5G6164256

TrimLS

Exterior ColorGray

DrivetrainFWD

Engine2.4L I4

TransmissionAutomatic

Fuel TypeE85 / Unleaded

Inventory Typeused

Days on Lot18

2016 Chevrolet Equinox

Fair Price

$8,99976,825 mi

Ferndale, MI 48220

Is this 2016 Chevrolet Equinox LS a good deal?

OAV verdict: Fair Price

Why: Listed at $8,999, comparable market range $5,753–$15,795, based on 32 comparable listings. Days on lot: 18 days (market average 69 days).

Market price position

$8,999 · within market range

$5,753comparable$15,795

Regional range: $5,753 – $15,795
vs. market: $3,246 above low · $6,796 below high
Comparable vehicles: 32

Market Retail Price (MRP™)

$10,774

This vehicle $8,999 · $1,775 (16%) 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™)

$11,450

This vehicle $8,999 · $2,451 (21%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-15) — 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 8–50 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$8,157 – $8,157

Regional Range$5,753 – $15,795

New Way Motors

Ferndale, MI

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

View all vehicles from new way motors →

Request availability and out-the-door price

OAV will route your inquiry to New Way Motors for current availability of this 2016 Chevrolet Equinox LS 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 Equinox

Listing updated: Jul 15, 2026

Listed by an independent dealer in Ferndale, MI · On lot for 18 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Equinox LS is listed at $8,999 by new way motors in Ferndale, MI 48220. It has 76,825 miles on the odometer. The exterior color is Gray. It features a FWD drivetrain with a 2.4L I4 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 32 similar vehicles in the Ferndale market, the estimated market range is $5,753 to $15,795. The local market range in MI is $8,157 to $8,157.

This vehicle has been on the lot for 18 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 Ferndale, 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 2016 Chevrolet Equinox 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 an independent dealer in Ferndale, MI, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 2GNALBEK5G6164256 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 Equinox Market in MI

Comparable Vehicles

1,423

Average Price

$9,774

Price Range

$2,295–$24,485

Avg Days on Lot

Based on 1,423 comparable 2014-2018 Chevrolet Equinox listings in MI, the average asking price is $9,774. This listing at $8,999 is $775 below average (8% below market). Comparable prices in MI range from $2,295 to $24,485. Similar vehicles spend an average of 69 days on dealer lots in this market.