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Year | Vehicle Depreciation* | Resale Value | Trade-In Value | ||
---|---|---|---|---|---|
2022 | $1,930 | $14,751 | $13,301 | ||
2023 | $3,281 | $11,470 | $9,703 | ||
2024 | $2,702 | $8,768 | $6,675 | ||
Now | $2,225 | $6,543 | $4,137 |
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2-Year Forecasted Depreciation
*Depreciation for the last 12 months of the private party resale value.
Annual Depreciation is an estimation of what your vehicle's value might be over time based on an average of similar vehicles. Estimations are calculated by comparing Kelley Blue Book Private Party Values of vehicles similar to yours over time, as well as forecasts from Manheim Auction data comparing current and projected auction values against current Kelley Blue Book Private Party and Trade-In Values. This is not a guarantee of actual depreciation. Local weather conditions, market factors and driver performance will also impact your vehicle's actual depreciation.
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Curb Weight | 4713 lbs. | ||
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Fuel Capacity | 22.0 gallons | ||
Front Head Room | 40.4 inches | ||
Front Leg Room | 41.3 inches | ||
Max Seating Capacity | 8 | ||
Minimum Ground Clearance | 7.2 inches | ||
Overall Length | 203.7 inches | ||
Front Shoulder Room | 61.5 inches | ||
Towing Capacity, Maximum | 5200 lbs. | ||
Trunk or Cargo Capacity | 116.3 cu.ft. | ||
Turning Diameter | 40.4 feet | ||
Wheel Base | 118.9 inches | ||
Gross Vehicle Weight Rating (GVWR) | 6411 lbs. |
Number of Doors | 4 doors | ||
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Privacy Glass | Available | ||
Roof Rails | Available | ||
Rear Spoiler | Available |
City | 15 mpg | ||
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Highway | 22 mpg | ||
Combined | 18 mpg |
Drivetrain | FWD | ||
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Transmission Type | Automatic | ||
6 speed | Available | ||
Recommended Fuel | Regular | ||
Parking Assist System | Available |
Horsepower | 281 @ 6300 RPM | ||
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Torque | 266 @ 3400 rpm | ||
Engine | V6, 3.6 Liter |
Basic | 3 years / 36000 miles | ||
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Powertrain | 5 years / 60000 miles | ||
Corrosion | 6 years / 100000 miles |
If you need a large, 3-row SUV that can accommodate a growing family and starts around $32,000, the 2016 Traverse offers a lot of vehicle for the money. Available traction-enhancing all-wheel drive and the ability to tow up to 5,200 pounds are also appealing.
If you’re looking for a 3-row mainstream SUV with the latest safety and driving aids like automatic braking and/or adaptive cruise control, you’ll need a fresher competitor like the Honda Pilot, Toyota Highlander or Ford Explorer. Need to tow more than 5,200 pounds? Look to the Chevy Tahoe.
Used 2016 Chevrolet Traverse LS Sport Utility 4D | Used 2016 Mitsubishi Outlander | Used 2017 Mitsubishi Outlander Sport | Used 2016 Volvo XC60 | ||
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Price | $8,080 | $7,509 | $7,439 | $7,781 | |
KBB.com Rating | 3.9 | 3.6 | 3.2 | 4.2 | |
Consumer Rating | 4.1 | 4.0 | 3.9 | 4.4 | |
Fuel Economy | City 15/Hwy 22/Comb 18 MPG | City 25/Hwy 31/Comb 27 MPG | City 24/Hwy 30/Comb 27 MPG | City 23/Hwy 31/Comb 26 MPG | |
Fuel Type | Gas | Gas | Gas | Gas | |
Safety Rating | 5.0 | 4.0 | 4.0 | 5.0 | |
Seating Capacity | 8 | 7 | 5 | 5 | |
Basic Warranty | 3 years or 36000 miles | 5 years or 60000 miles | 5 years or 60000 miles | 4 years or 50000 miles | |
Horsepower | 281 @ 6300 RPM | 166 @ 6000 RPM | 148 @ 6000 RPM | 240 @ 5600 RPM | |
Engine | V6, 3.6 Liter | 4-Cyl, 2.4 Liter | 4-Cyl, 2.0 Liter | 4-Cyl, Drv-E, Turbo, 2.0L | |
Drivetrain | FWD | 2WD | 2WD | FWD |