Is the $15,980 price on this 2016 Chevrolet Silverado 1500 a good deal?

OAV rates this as Fair Price because the asking price of $15,980 is within the typical market range for this vehicle.

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

Based on 1,075 comparable listings in IL, the average asking price for a 2014-2018 Chevrolet Silverado 1500 is $19,974, with prices ranging from $5,987 to $40,990.

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

Comparable Chevrolet Silverado 1500 listings in IL spend an average of 73 days on dealer lots.

Where is this 2016 Chevrolet Silverado 1500 located?

This vehicle is listed in Fox Lake, IL 60020. VIN: 3GCUKREC4GG225255. Mileage: 162,676 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 $13,995 to $18,271, based on 4 comparable vehicles.

Vehicle Details

VIN3GCUKREC4GG225255

TrimLT

Exterior ColorBlack

Drivetrain4WD

Engine5.3L V8

TransmissionAutomatic

Fuel TypeUnleaded

Inventory Typeused

Days on Lot15

2016 Chevrolet Silverado 1500

Unscored

$15,980162,676 mi

Fox Lake, IL 60020

Is this 2016 Chevrolet Silverado 1500 LT a good deal?

OAV verdict: Unscored

Why: Listed at $15,980, comparable market range $13,995–$18,271, based on 4 comparable listings. Days on lot: 15 days (market average 73 days).

Market price position

Lowest comparable ($)

13,995

Highest comparable ($)

18,271

This vehicle's price ($)

15,980

$15,980 · within market range

$13,995comparable$18,271

Regional range: $13,995 – $18,271
vs. market: $1,985 above low · $2,291 below high
Comparable vehicles: 4

Demand-Verified· Backed by recent sales data

Faster-than-average sell-through

Similar vehicles recently sold in an estimated 10–49 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$13,995 – $18,271

Regional Range$10,210 – $26,998

Dealer Info

Hidden

Fox Lake, IL

This dealer is not yet on OAV

Request a connection and we'll notify the dealer you're interested

View all vehicles from this franchise dealer in Fox Lake, IL →

About This 2016 Chevrolet Silverado 1500

Listing updated: May 20, 2026

Listed by a franchise dealer in Fox Lake, IL · On lot for 15 days · VIN verifiable at NHTSA

This used 2016 Chevrolet Silverado 1500 LT is listed at $15,980 by a franchise dealer in Fox Lake, IL 60020. It has 162,676 miles on the odometer. The exterior color is Black. 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 Unscored due to insufficient comparable data. Based on 4 similar vehicles in the Fox Lake market, the estimated market range is $13,995 to $18,271. The local market range in IL is $13,995 to $18,271.

This vehicle has been on the lot for 15 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 Fox Lake, IL 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.

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 Fox Lake, IL, one of 57,000+ U.S. dealerships in OAV's nationwide inventory network.The VIN 3GCUKREC4GG225255 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 IL

Comparable Vehicles

1,075

Average Price

$19,974

Price Range

$5,987–$40,990

Avg Days on Lot

Based on 1,075 comparable 2014-2018 Chevrolet Silverado 1500 listings in IL, the average asking price is $19,974. This listing at $15,980 is $3,994 below average (20% below market). Comparable prices in IL range from $5,987 to $40,990. Similar vehicles spend an average of 73 days on dealer lots in this market.