Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 CHEVROLET SILVERADO 1500's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2016 CHEVROLET SILVERADO 1500 in 2016 was $48,170.
The average price for used 2016 CHEVROLET SILVERADO 1500 nowadays in 2024 is $24,796 which is 51% from the original price.
Estimated mileage driven per year is 10,178 miles.
The graph below is a depreciation curve for 2016 CHEVROLET SILVERADO 1500. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2016 CHEVROLET SILVERADO 1500 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $48,170 | — | — | 100% | 0% |
| 2016 | 10,178 mi | $54,495 | −$6,325 | −13.13% | 113.13% | -13.13% |
| 2017 | 20,356 mi | $47,998 | +$6,497 | +11.92% | 99.64% | 0.36% |
| 2018 | 30,534 mi | $43,990 | +$4,008 | +8.35% | 91.32% | 8.68% |
| 2019 | 40,712 mi | $38,605 | +$5,385 | +12.24% | 80.14% | 19.86% |
| 2020 | 50,890 mi | $35,884 | +$2,721 | +7.05% | 74.49% | 25.51% |
| 2021 | 61,068 mi | $32,990 | +$2,894 | +8.06% | 68.49% | 31.51% |
| 2022 | 71,246 mi | $28,902 | +$4,088 | +12.39% | 60% | 40% |
| 2023 | 81,424 mi | $26,988 | +$1,914 | +6.62% | 56.03% | 43.97% |
| 2024 | 91,602 mi | $24,796 | +$2,192 | +8.12% | 51.48% | 48.52% |
| 2025 | 101,780 mi | $21,997 | +$2,799 | +11.29% | 45.67% | 54.33% |
| 2026 | 111,958 mi | $19,951 | +$2,046 | +9.3% | 41.42% | 58.58% |
| 2027 | 122,136 mi | $16,263 | +$3,688 | +18.49% | 33.76% | 66.24% |
| 2028 | 132,314 mi | $14,999 | +$1,264 | +7.77% | 31.14% | 68.86% |
| 2029 | 142,492 mi | $13,990 | +$1,009 | +6.73% | 29.04% | 70.96% |
| 2030 | 152,670 mi | $12,985 | +$1,005 | +7.18% | 26.96% | 73.04% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET SILVERADO 1500’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2016 CHEVROLET SILVERADO 1500. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 CHEVROLET SILVERADO 1500 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 20,000 mi | $30,285 | 16 sales |
| 25,000 mi | $32,000 | 25 sales |
| 30,000 mi | $29,782 | 49 sales |
| 35,000 mi | $28,809 | 55 sales |
| 40,000 mi | $28,235 | 77 sales |
| 45,000 mi | $29,928 | 79 sales |
| 50,000 mi | $27,785 | 100 sales |
| 55,000 mi | $28,695 | 149 sales |
| 60,000 mi | $27,750 | 217 sales |
| 65,000 mi | $27,995 | 213 sales |
| 70,000 mi | $27,426 | 206 sales |
| 75,000 mi | $26,989 | 282 sales |
| 80,000 mi | $26,060 | 312 sales |
| 85,000 mi | $26,177 | 319 sales |
| 90,000 mi | $25,490 | 347 sales |
| 95,000 mi | $24,980 | 327 sales |
| 100,000 mi | $24,592 | 367 sales |
| 105,000 mi | $23,868 | 288 sales |
| 110,000 mi | $23,990 | 277 sales |
| 115,000 mi | $22,996 | 251 sales |
| 120,000 mi | $23,121 | 252 sales |
| 125,000 mi | $21,999 | 170 sales |
| 130,000 mi | $21,599 | 177 sales |
| 135,000 mi | $21,440 | 162 sales |
| 140,000 mi | $20,800 | 122 sales |
| 145,000 mi | $19,917 | 112 sales |
| 150,000 mi | $19,971 | 82 sales |
| 155,000 mi | $18,993 | 80 sales |
| 160,000 mi | $18,743 | 74 sales |
| 165,000 mi | $17,993 | 44 sales |
| 170,000 mi | $17,000 | 39 sales |
| 175,000 mi | $15,995 | 31 sales |
| 180,000 mi | $15,495 | 22 sales |
| 185,000 mi | $16,500 | 31 sales |
| 190,000 mi | $16,998 | 22 sales |
| 195,000 mi | $16,356 | 16 sales |
| 200,000 mi | $14,990 | 28 sales |
| 205,000 mi | $12,764 | 11 sales |
| 210,000 mi | $16,996 | 12 sales |
| 215,000 mi | $12,948 | 10 sales |
Frequently asked questions
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Depreciation directly affects the resale value of a 2016 CHEVROLET SILVERADO 1500, with faster depreciating vehicles typically having lower resale values over time.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Other years of CHEVROLET SILVERADO 1500
2007 CHEVROLET SILVERADO 1500
$10,797 average used price
44,800+ sales records
2008 CHEVROLET SILVERADO 1500
$10,991 average used price
49,500+ sales records
2014 CHEVROLET SILVERADO 1500
$19,951 average used price
247,300+ sales records
2021 CHEVROLET SILVERADO 1500
$38,605 average used price
345,100+ sales records
2022 CHEVROLET SILVERADO 1500
$43,990 average used price
116,300+ sales records
2024 CHEVROLET SILVERADO 1500
$54,495 average used price
15,800+ sales records
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