Real price data
What should you pay for a 2016 Dodge Challenger?
Original MSRP
$26,995
When new
Fair market price
$16,813
Mileage-adjusted
Below MSRP
$10,182
A fair used price
Where prices land
25th $16,499 · 75th $31,687 · MSRP $26,995
Spread of current 2016 Dodge Challenger listings · 25th–75th percentile marked.
Negotiating leverage
58
out of 100
strong leverage
~52 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
52days of supply
Balanced marketSupply and demand are roughly balanced for the 2016 Dodge Challenger.
National Market Day Supply — how long it would take to sell the current used 2016 Dodge Challenger inventory at the recent sales rate (lower means it sells faster). Source: MarketCheck.
Estimated dealer cost (invoice)
$24,835–$25,915
Estimated dealer invoice — about $26,995 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 |
|---|---|---|---|
| SXT | $13,655 | $26,995 | $24,835–$25,915 |
| R/T | $17,550 | $34,995 | $32,195–$33,595 |
| Scat Pack | $21,236 | $42,795 | $39,371–$41,083 |
| SRT | $24,803 | $62,495 | $57,495–$59,995 |
- SXT
- $13,655
- R/T
- $17,550
- Scat Pack
- $21,236
- SRT
- $24,803
Fuel economy
19
MPG city
30
MPG highway
23
MPG combined
EPA-estimated fuel economy for a representative 2016 Dodge Challenger configuration (Regular).
Safety & recalls
2 open NHTSA recalls on record for the 2016 Dodge Challenger.
POWER TRAIN:AUTOMATIC TRANSMISSION:CONTROL MODULE (TCM/PCM/TECM)
Chrysler (FCA US LLC) is recalling certain Mopar Stage 1 Kit Performance Packages Powertrain Control Modules (PCM) Part Numbers P5160023, P5160025, and Demon Crate PCM Part Number 68412287AA. The PCMs are being recalled to address a defect that could prevent the cruise control system from disengaging. If, when using cruise control, there is a short circuit within the vehicle's wiring, the driver may not be able to shut off the cruise control either by depressing the brake pedal or manually turning the system off once it has been engaged, resulting in either the vehicle maintaining its current speed or possibly accelerating.
Remedy: Chrysler will notify owners, and dealers will either perform a software update or replace the PCM, free of charge. The recall began July 26 , 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Chrysler's number for this recall is U82, and U83.
Campaign 18E053000 · 12/07/2018
ELECTRICAL SYSTEM:WIRING
Chrysler (FCA US LLC) is recalling certain 2014-2018 Dodge Journey, Charger and Durango, RAM 2500, 3500, 3500 Cab Chassis (more than 10,000lb), 4500 Cab Chassis and 5500 Cab Chassis, Jeep Cherokee and Grand Cherokee and Chrysler 300, 2014-2019 RAM 1500, 2015-2018 Dodge Challenger, 2015-2017 Chrysler 200, 2016-2018 RAM 3500 Cab Chassis (less than 10,000 lb), 2017-2018 Chrysler Pacifica and 2018 Jeep Wrangler vehicles. These vehicles are being recalled to address a defect that could prevent the cruise control system from disengaging. If, when using cruise control, there is a short circuit within the vehicle's wiring, the driver may not be able to shut off the cruise control either by depressing the brake pedal or manually turning the system off once it has been engaged, resulting in either the vehicle maintaining its current speed or possibly accelerating.
Remedy: Chrysler will notify owners, and dealers will inspect the software, and perform a software flash on the engine or powertrain control module, free of charge. The recall began June 4, 2018. Owners may contact Chrysler customer service at 1-800-853-1403. Note: Owners are advised to stop using cruise control until the software update has been performed. In the event that cruise control cannot be disengaged while driving, owners should firmly and steadily apply the brakes and shift the transmission to neutral, placing the vehicle in park once it has stopped.
Campaign 18V332000 · 17/05/2018
Source: NHTSA. Contact your dealer to schedule a free recall repair.
Frequently asked questions
What is a fair price for a 2016 Dodge Challenger?
A fair, mileage-adjusted price is about $16,813, within a typical market range of $16,499 to $31,687.
Is the 2016 Dodge Challenger cheaper than MSRP?
Yes — its original MSRP was about $26,995, so a fair used price is roughly $10,182 below MSRP.
Is now a good time to buy a 2016 Dodge Challenger?
There are about 52 days of national market supply for the 2016 Dodge Challenger — Supply and demand are roughly balanced for the 2016 Dodge Challenger.
How much can you negotiate on a 2016 Dodge Challenger?
Negotiating leverage rates 58/100 (strong). ~52 days of national supply — strong leverage to negotiate.
What does the dealer pay for a 2016 Dodge Challenger?
The estimated dealer cost (invoice) is roughly $24,835–$25,915 — its $26,995 MSRP minus a typical 4–8% margin. An estimate; actual invoice varies.
Keep researching
Check your car's real price
See the real, all-in out-the-door price on any car you're considering — in writing, free. You stay in control the whole way.
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.