Real price data
What should you pay for a 2016 Chevrolet Corvette?
Original MSRP
$55,400
When new
Fair market price
$31,446
Mileage-adjusted
Below MSRP
$23,954
A fair used price
Where prices land
25th $44,959 · 75th $66,580 · MSRP $55,400
Spread of current 2016 Chevrolet Corvette listings · 25th–75th percentile marked.
Negotiating leverage
61
out of 100
strong leverage
~55 days of national supply — strong leverage to negotiate.
Ridekick's negotiating-leverage score blends national Market Day Supply with how far listings sit above the mileage-adjusted fair price. Higher means more room to negotiate.
Market demand & negotiating leverage
55days of supply
Balanced marketSupply and demand are roughly balanced for the 2016 Chevrolet Corvette.
National Market Day Supply — how long it would take to sell the current used 2016 Chevrolet Corvette inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$50,968–$53,184
Estimated dealer invoice — about $55,400 MSRP minus a typical 4–8% manufacturer margin.
An estimate, not a sourced figure. Actual dealer invoice varies with manufacturer incentives, holdback, and regional pricing.
Fair price by trim
| Trim | Fair price | MSRP | Est. dealer cost |
|---|---|---|---|
| 3LT | $30,578 | $65,145 | $59,933–$62,539 |
| 1LT | $33,805 | $55,400 | $50,968–$53,184 |
| 2LT | $34,967 | $64,855 | $59,667–$62,261 |
| 2LZ | $40,373 | $82,965 | $76,328–$79,646 |
| 3LZ | $41,832 | $92,345 | $84,957–$88,651 |
| 1LZ | $58,950 | $79,400 | $73,048–$76,224 |
- 3LT
- $30,578
- 1LT
- $33,805
- 2LT
- $34,967
- 2LZ
- $40,373
- 3LZ
- $41,832
- 1LZ
- $58,950
Fuel economy
13
MPG city
23
MPG highway
16
MPG combined
EPA-estimated fuel economy for a representative 2016 Chevrolet Corvette configuration (Premium).
Safety & recalls
2 open NHTSA recalls on record for the 2016 Chevrolet Corvette.
AIR BAGS:FRONTAL
General Motors LLC (GM) is recalling certain model year 2015-2017 Chevrolet Silverado 2500 HD, 3500 HD, Tahoe, Suburban, GMC Sierra 2500 HD and 3500 HD, GMC Yukon, GMC Yukon XL, Cadillac Escalade and Cadillac Escalade ESV vehicles and 2014-2017 Chevrolet Corvette, Silverado 1500, Trax, Caprice Police Pursuit Vehicle, GMC Sierra 1500, Buick Encore, and 2014-2016 Buick Lacrosse, Chevrolet Spark EV and SS vehicles. In the affected vehicles, certain driving conditions may cause the air bag sensing and diagnostic module (SDM) software to activate a diagnostic test. During this test, deployment of the frontal air bags and the seat belt pretensioners would not occur in the event of a crash.
Remedy: GM will notify owners, and dealers will reflash the SDM software. Vehicles that have had a previous air bag deployment will have the SDM replaced. These repairs will be performed free of charge. The recall began on October 13, 2016. Owners may contact Buick customer service at 1-800-521-7300, Cadillac customer service at 1-800-458-8006, Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 16007.
Campaign 16V651000 · 08/09/2016
AIR BAGS:FRONTAL
General Motors LLC (GM) is recalling certain model year 2014-2016 Buick Lacrosse and Chevrolet Spark EV, Caprice PPV and SS vehicles, 2014-2017 Buick Encore and Chevrolet Corvette, Silverado 1500 and GMC Sierra 1500 vehicles, 2015-2016 Cadillac Escalade and Escalade ESV, Chevrolet Tahoe, Trax, Suburban and Silverado 2500 and 3500 and GMC Yukon and Yukon XL vehicles, and 2015-2017 GMC Sierra HD 2500 and 3500 vehicles. While being previously remedied for recall 16V-651, the affected vehicles may not have received the complete software update necessary to remedy the recall condition. Without the update, certain driving conditions may cause the air bag sensing and diagnostic module (SDM) software to activate a diagnostic test. During this test, deployment of the frontal air bags and the seat belt pretensioners would not occur in the event of a crash.
Remedy: GM will notify owners, and dealers will reflash the SDM software. Vehicles that have had a previous air bag deployment will have the SDM replaced. These repairs will be performed free of charge. The recall began on August 4, 2017. Owners may contact Buick customer service at 1-800-521-7300, Cadillac customer service at 1-800-458-8006, Chevrolet customer service at 1-800-222-1020, or GMC customer service at 1-800-462-8782. GM's number for this recall is 17287.
Campaign 17V437000 · 10/07/2017
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2016 Chevrolet Corvette?
A fair, mileage-adjusted price is about $31,446, within a typical market range of $44,959 to $66,580.
Is the 2016 Chevrolet Corvette cheaper than MSRP?
Yes — its original MSRP was about $55,400, so a fair used price is roughly $23,954 below MSRP.
Is now a good time to buy a 2016 Chevrolet Corvette?
There are about 55 days of national market supply for the 2016 Chevrolet Corvette — Supply and demand are roughly balanced for the 2016 Chevrolet Corvette.
How much can you negotiate on a 2016 Chevrolet Corvette?
Negotiating leverage rates 61/100 (strong). ~55 days of national supply — strong leverage to negotiate.
What does the dealer pay for a 2016 Chevrolet Corvette?
The estimated dealer cost (invoice) is roughly $50,968–$53,184 — its $55,400 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
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Prices are computed from live market listings, adjusted for mileage, and aggregated by trim · updated 6/24/2026. Estimates only; your price depends on condition, options, and location.