How much does the 2016 Chevrolet Corvette cost?

Prices have softened 1.13% compared to this time last year, making it a favorable time to shop this model year.

There are 941 listings available, which gives you a decent amount of inventory to compare before you buy.

If you find a listing below $54,085.72, that's toward the low end of the year-round range and worth acting on quickly.

Is the 2016 Chevrolet Corvette a good car?

Yes — owners rate it 4.94/5, and the expert rating is 8.5/10. The standout strength is Performance at 10/10.

Owners consistently praise its exceptional performance, strong value for money, and sleek design. You also see repeated appreciation for the modern interior and updated tech, which fits a car that’s meant to deliver serious driving excitement without feeling stripped down.

That makes sense for a sports car that blends a high-output V8 with everyday usability and a more refined cabin than older generations. In market terms, 31.1% of listings are good or great deals, so you have room to shop carefully without feeling rushed.

Is the 2016 Chevrolet Corvette reliable?

Owners rate it 4.94/5, a strong signal of long-term satisfaction.

The owner feedback points to a car that feels dependable and worth counting on, with repeated praise for its strong performance and overall value. The expert review also emphasizes that the Corvette is built around a robust powertrain and a chassis that can handle serious use, which supports the sense that it’s engineered for the long haul.

The ownership tradeoff is that a used example can still bring sports-car wear, so you should pay close attention to how it was maintained and driven before you commit.

What should I look for when buying a used 2016 Chevrolet Corvette?

Accident-free inventory is solid at 75% — always verify the vehicle history report.

You should still run a history report on any car you’re considering, even if the listing looks clean. A pre-purchase inspection matters here because low-slung sports cars can hide wear that isn’t obvious in photos. Focus especially on signs of hard use, interior condition, and whether the car shows evidence of careful ownership.

Key things to evaluate:

• Trim level: The base 1LT is the simplest version, while 2LT adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display. The 3LT adds leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder.
• Powertrain: You get a 6.2-liter V8 with 455 horsepower and 460 lb-ft of torque, plus a choice of 7-speed manual or 8-speed automatic. The engine’s cylinder deactivation helps with efficiency, but this is still a thirsty performance car.
• Safety package: Standard equipment includes 4 airbags, side-impact airbags, a protective cell, four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control. Higher trims add front- and rear-facing cameras.
• Infotainment: Dual 8-inch screens anchor the cabin, and Chevrolet MyLink includes phone, audio, and navigation when equipped. Apple CarPlay is included, and Android Auto was to follow later.
• Fuel efficiency: The V8 uses cylinder deactivation to help with efficiency, but the car still requires premium fuel and has an 18-gallon tank.

Which 2016 Chevrolet Corvette trim should I buy?

The 2016 Chevrolet Corvette is offered in 3 trim levels: 1LT, 2LT, 3LT.

Here's the short version:

• Base trim: The 1LT gives you the core Corvette experience, but it skips the comfort and convenience upgrades found higher up the range.
• Sweet-spot trim: The 2LT is the best value if you want the biggest everyday upgrade, since it adds heated and ventilated seats, curb-view cameras, Bose audio, and a heads-up display.
• Premium/top trim: The 3LT is the most luxurious choice, with leather surfaces everywhere, Napa leather seating, navigation, and the Performance Data Recorder.

The safety package includes 4 airbags, side-impact airbags, a protective cell, four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control, with front- and rear-facing cameras on higher trims.

Is now a good time to buy a used 2016 Chevrolet Corvette?

This is a moderate market for selective buyers, so you can shop with some leverage if you’re patient.

• Deal availability: 31.1% of listings are priced as good or great deals.
• Inventory: There are 941 listings available.
• Price trend: Prices have softened 1.13% compared with last year.
• Clean inventory: 75.0% of listings are accident-free.

If you find a listing below $54,085.72, that's toward the low end of the year-round range and worth acting on quickly.

What is the 2016 Chevrolet Corvette's resale value?

The current average of $56,049 sits slightly below last year's $56,690.

That modest decline suggests the market has softened a bit, which can help you buy more confidently now. For a future seller, it also means you should pay close attention to purchase price and condition, since both will matter when it’s time to resell.

Vehicles with strong owner satisfaction ratings, like this model year's 4.94/5, tend to retain buyer demand, which supports resale value over time.

Is the 2016 Chevrolet Corvette safe?

It earns a 7/10 safety score from our experts.

The Corvette has not been rated by either NHTSA or IIHS. Standard safety equipment includes 4 airbags, side-impact airbags, a protective cell, four-wheel antilock brakes, automatic seat-belt pretensioners, and electronic stability control.

Visibility is limited because of the car’s low stance and small windows, so you should pay close attention to parking visibility and backing maneuvers. Higher trims add front- and rear-facing cameras, which help offset that drawback.

Should I buy a 2016 Chevrolet Corvette or consider a different year?

If you're weighing the 2016 against nearby model years, here's how to think about it:

Choose the 2016 if:

• 31.1% of listings are priced as good or great deals.
• Accident-free inventory is solid at 75% — always verify the vehicle history report.
• Price trend: Prices have softened 1.13% compared with last year.
• Owners rate it 4.94/5 — a strong satisfaction signal.
• The 2016 stands out for its updated interior, dual 8-inch screens, and Magnetic Ride Control across all trims.

The bottom line: If you want the strongest mix of performance, updated tech, and current-market pricing, the 2016 is the one to target. If you’re mainly shopping on price, you can also compare nearby years, but this model year already gives you a compelling blend of value and capability.

These recommendations are based on CarGurus' proprietary market data from August 14, 2026, CarGurus experts' opinions, and generative AI.