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2016 Chevrolet Corvette

2016 Chevrolet Corvette

Coupe
RWD
Premium Gasoline
Horsepower
MPG Combined
20 mpg
MSRP
Torque
Reliability Score
97/ 100Excellent
Based on 114 NHTSA complaints

Should You Buy a 2016 Chevrolet Corvette?

The 2016 Chevrolet Corvette Convertible is a high-performance sports car that combines striking aesthetics with impressive engineering. With a powerful 6.2L V8 engine producing 455 hp and 460 lb-ft of torque, this rear-wheel-drive vehicle delivers exhilarating acceleration and a thrilling driving experience. The 7-speed manual transmission adds to the engagement, making it a favorite among driving enthusiasts. Despite its sporty nature, it maintains a respectable fuel economy of 21 MPG combined, making it somewhat practical for everyday use. With an MSRP of $63,855, it positions itself as an accessible luxury sports car for those seeking performance without breaking the bank.

However, potential buyers should be aware of some concerns reflected in NHTSA complaint data. While the reliability score of 96.5/100 indicates a solid vehicle, there are 114 total complaints, primarily related to wheels and the fuel/propulsion system, particularly at lower mileage ranges. Though there have been no fatalities reported, there is a crash incident and a fire incident noted, which may warrant further investigation for safety-conscious buyers.

Ideal For

This vehicle is best suited for driving enthusiasts who prioritize performance and style, and who are looking for a thrilling weekend car or a spirited daily driver.

Strengths

  • +Powerful 6.2L V8 engine with impressive horsepower and torque.
  • +Engaging 7-speed manual transmission for a thrilling driving experience.
  • +High reliability score of 96.5/100.
  • +Striking design and convertible body type for open-air driving.
  • +Good fuel economy for a sports car at 21 MPG combined.

Weaknesses

  • -Limited seating capacity for only two passengers.
  • -Complaints related to wheels and fuel/propulsion system.
  • -Higher maintenance costs typical of performance vehicles.
  • -Potential safety concerns due to crash and fire incidents.
  • -Premium fuel requirement may increase operating costs.

Known Issues (NHTSA Data)

The 2016 Chevrolet Corvette Convertible has a few known issues primarily related to wheels and the fuel/propulsion system, with complaints peaking at lower mileage ranges. While the reliability score is high, the presence of complaints, including one crash and one fire incident, suggests that potential buyers should conduct thorough inspections and consider warranty options. No significant NHTSA complaints on record.

Complaint Patterns by Mileage
WHEELS
0-20000 mi
22 reports
WHEELS
20000-40000 mi
17 reports
FUEL/PROPULSION SYSTEM
0-20000 mi
7 reports
Top Complaint Areas
WHEELS48% of complaints
FUEL/PROPULSION SYSTEM12% of complaints
POWER TRAIN9% of complaints
ENGINE5% of complaints
ELECTRICAL SYSTEM5% of complaints

Performance

Horsepower
Torque
Engine
6.2 L
Cylinders
V8
Transmission
Automatic (S8)
Drive Type
RWD

Efficiency

MPG Combined
20
Fuel Type
Premium Gasoline

Dimensions

Length
176.8 in
Width
74 in
Height
48.8 in
Wheelbase
106.7 in
Curb Weight
3,300 lbs
Ground Clearance

Capacity

Doors
Seating
Cargo
Max Cargo
Max Towing
Max Payload

ddpc Estimated Value

$21,167
$17,992 – $24,342
Depreciation Over Time
New
5yr
10yr
15yr
ddpc Estimate based on original MSRP, standard depreciation curves, vehicle class, and NHTSA reliability data. Not a substitute for professional appraisal. Actual value depends on condition, mileage, location, and market conditions.

Estimated Cost of Ownership

Estimated Annual Cost
$6,655
Per Mile
$0.55
5-Year Total
$75,963
Fuel
$2,000/yr
Maintenance
$600/yr
Insurance
$4,055/yr
Depreciation
$8,538/yr
Based on industry-standard estimates for this vehicle class. Fuel cost assumes 12,000 mi/yr at national average gas prices. Maintenance uses class-based intervals, not manufacturer-specific schedules. Actual costs vary by location, driving habits, and vehicle condition.

Available Trims (7)

Corvette
SIDI
RWD
Corvette
SIDI
RWD
Corvette
Stingray 2dr Convertible w/2LT (6.2L 8cyl 7M) (8-speed automated manual)
455 hp
rear wheel drive
$63,855
Corvette
Z06 2dr Coupe w/2LZ (6.2L 8cyl S/C 7M) (8-speed automated manual)
650 hp
rear wheel drive
$82,965
Corvette
Stingray Z51 2dr Convertible w/2LT (6.2L 8cyl 7M) (8-speed automated manual)
460 hp
rear wheel drive
$68,855
Corvette
SIDI; Z06
RWD
Corvette
SIDI; Z06
RWD

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