Is the $10,780 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $10,780 is within the typical market range for this vehicle.

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

Based on 893 comparable listings in MN, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $19,696, with prices ranging from $3,995 to $44,430.

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

Comparable Chevrolet Silverado 1500 listings in MN spend an average of 62 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Cokato, MN 55321. VIN: 3GCUKREC2GG284191. Mileage: 267,316 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 $9,293 to $21,495, based on 28 comparable vehicles.

No Photo Available

Vehicle Details

VIN3GCUKREC2GG284191

TrimLT

Exterior ColorSilver

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot438

2016 Chevrolet Silverado 1500

Fair Price

$10,780267,316 mi

Cokato, MN 55321

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Fair Price

Why: Listed at $10,780, comparable market range $9,293–$21,495, based on 28 comparable listings. Days on lot: 438 days (market average 62 days).

Market price position

$10,780 · within market range

$9,293comparable$21,495

Regional range: $9,293 – $21,495
vs. market: $1,487 above low · $10,715 below high
Comparable vehicles: 28

Market Retail Price (MRP™)

$15,394

This vehicle $10,780 · $4,614 (30%) 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™)

$19,121

This vehicle $10,780 · $8,341 (44%) below TRV

TRV™ is the average paid price for cars like this in the last 60 days (sold data through 2026-07-20) — 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 9–52 days.

What does Demand-Verified mean?

Verify before inquiring

This listing has been on market about 8.4x longer than typical for similar vehicles (cohort sells in 9–52 days; this one is at 438). Long days-on-lot on a fast-turn cohort can signal title concerns, mechanical issues, or pricing the dealer won't actually honor. Recommend a vehicle history report before spending more time.

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$9,293 – $21,495

Cokato Motor Sales Inc

Cokato, MN

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

View all vehicles from cokato motor sales inc →

Request availability and out-the-door price

OAV will route your inquiry to Cokato Motor Sales Inc 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: Jul 20, 2026

Listed by a franchise dealer in Cokato, MN · On lot for 438 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $10,780 by cokato motor sales inc in Cokato, MN 55321. It has 267,316 miles on the odometer. The exterior color is Silver. It features a 4WD drivetrain with a 5.3L V8 engine and Automatic transmission.

OAV's AI-powered Price-to-Market analysis rates this vehicle as Fair Price — priced at market value. Based on 28 similar vehicles in the Cokato market, the estimated market range is $9,293 to $21,495.

This vehicle has been on the lot for 438 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 Cokato, MN trucks 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 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.

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 a franchise dealer in Cokato, MN, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 3GCUKREC2GG284191 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 updated daily; Price-to-Market analysis uses comparable vehicles within the same geographic market.

2016 Chevrolet Silverado 1500 Market in MN

Comparable Vehicles

893

Average Price

$19,696

Price Range

$3,995–$44,430

Avg Days on Lot

Based on 893 comparable 2014-2018 Chevrolet Silverado 1500 listings in MN, the average asking price is $19,696. This listing at $10,780 is $8,916 below average (45% below market). Comparable prices in MN range from $3,995 to $44,430. Similar vehicles spend an average of 62 days on dealer lots in this market.