Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 BMW X1's price has changed annually.
For instance, while the car initially depreciated slightly in its first year, subsequent years show a significant decrease, reflecting market trends and vehicle condition over time.
Such precise data is crucial for understanding how age and market dynamics impact car values.
The average price for new (MSRP) 2023 BMW X1 in 2023 was $41,295.
The average price for used 2023 BMW X1 nowadays in 2024 is $37,390 which is 91% from the original price.
Estimated mileage driven per year is 10,344 miles.
The graph below is a depreciation curve for 2023 BMW X1. It shows how much this model looses per year in price. This analytics is calculated using sales records from BADVIN database.
The table below shows average price for used 2023 BMW X1 in each year since the year of manufacturing, current year price and projected price in the future years.
You can scroll the table horizontally to see all columns.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $41,295 | — | — | 100% | 0% |
| 2023 | 10,344 mi | $46,300 | −$5,005 | −12.12% | 112.12% | -12.12% |
| 2024 | 20,688 mi | $37,390 | +$8,910 | +19.24% | 90.54% | 9.46% |
| 2025 | 31,032 mi | $28,581 | +$8,809 | +23.56% | 69.21% | 30.79% |
| 2026 | 41,376 mi | $28,056 | +$525 | +1.84% | 67.94% | 32.06% |
| 2027 | 51,720 mi | $25,499 | +$2,557 | +9.11% | 61.75% | 38.25% |
| 2028 | 62,064 mi | $23,500 | +$1,999 | +7.84% | 56.91% | 43.09% |
| 2029 | 72,408 mi | $20,929 | +$2,571 | +10.94% | 50.68% | 49.32% |
| 2030 | 82,752 mi | $17,790 | +$3,139 | +15% | 43.08% | 56.92% |
| 2031 | 93,096 mi | $15,998 | +$1,792 | +10.07% | 38.74% | 61.26% |
| 2032 | 103,440 mi | $11,999 | +$3,999 | +25% | 29.06% | 70.94% |
| 2033 | 113,784 mi | $10,995 | +$1,004 | +8.37% | 26.63% | 73.37% |
| 2034 | 124,128 mi | $10,000 | +$995 | +9.05% | 24.22% | 75.78% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the BMW X1’s price.
With data showing detailed price points at various mileage milestones, this section helps in identifying trends and making informed decisions.
For instance, price drops at higher mileages compared to lower mileages provides insights into potential maintenance or value thresholds.
This block is particularly useful for buyers and sellers aiming to gauge the best value proposition based on vehicle mileage.
The graph below shows how mileage affects the price for 2023 BMW X1. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 BMW X1 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $42,692 | 36 sales |
| 5,000 mi | $39,999 | 129 sales |
| 10,000 mi | $37,000 | 169 sales |
| 15,000 mi | $36,744 | 138 sales |
| 20,000 mi | $34,000 | 38 sales |
| 25,000 mi | $33,505 | 38 sales |
| 30,000 mi | $32,798 | 21 sales |
| 35,000 mi | $30,490 | 10 sales |
Frequently asked questions
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Proper maintenance and good condition can slow the depreciation of a 2023 BMW X1 by making it more attractive to potential buyers, thereby preserving more of its value.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Other years of BMW X1
2012 BMW X1
70+ sales records
2013 BMW X1
$10,000 average used price
14,200+ sales records
2014 BMW X1
$10,995 average used price
22,500+ sales records
2020 BMW X1
$25,499 average used price
18,600+ sales records
2021 BMW X1
$28,056 average used price
21,000+ sales records
2022 BMW X1
$28,581 average used price
2,700+ sales records
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2023 BMW X1 on BADVIN
