Depreciation
The depreciation graph and accompanying table on our page detail how the 1987 CHEVROLET CORVETTE'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) 1987 CHEVROLET CORVETTE in 1987 was $82,165.
The average price for used 1987 CHEVROLET CORVETTE nowadays in 2024 is $12,000 which is 15% from the original price.
Estimated mileage driven per year is 2,009 miles.
The graph below is a depreciation curve for 1987 CHEVROLET CORVETTE. 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 1987 CHEVROLET CORVETTE 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 | ||
|---|---|---|---|---|---|---|
| 1987 MSRP | 0 mi | $82,165 | — | — | 100% | 0% |
| 1987 | 2,009 mi | $86,950 | −$4,785 | −5.82% | 105.82% | -5.82% |
| 1988 | 4,018 mi | $85,532 | +$1,418 | +1.63% | 104.1% | -4.1% |
| 1989 | 6,027 mi | $79,900 | +$5,632 | +6.58% | 97.24% | 2.76% |
| 1990 | 8,036 mi | $75,000 | +$4,900 | +6.13% | 91.28% | 8.72% |
| 1991 | 10,045 mi | $72,997 | +$2,003 | +2.67% | 88.84% | 11.16% |
| 1992 | 12,054 mi | $59,000 | +$13,997 | +19.17% | 71.81% | 28.19% |
| 1993 | 14,063 mi | $57,995 | +$1,005 | +1.7% | 70.58% | 29.42% |
| 1994 | 16,072 mi | $54,995 | +$3,000 | +5.17% | 66.93% | 33.07% |
| 1995 | 18,081 mi | $50,998 | +$3,997 | +7.27% | 62.07% | 37.93% |
| 1996 | 20,090 mi | $46,169 | +$4,829 | +9.47% | 56.19% | 43.81% |
| 1997 | 22,099 mi | $42,995 | +$3,174 | +6.87% | 52.33% | 47.67% |
| 1998 | 24,108 mi | $40,990 | +$2,005 | +4.66% | 49.89% | 50.11% |
| 1999 | 26,117 mi | $38,206 | +$2,784 | +6.79% | 46.5% | 53.5% |
| 2000 | 28,126 mi | $35,999 | +$2,207 | +5.78% | 43.81% | 56.19% |
| 2001 | 30,135 mi | $35,995 | +$4 | +0.01% | 43.81% | 56.19% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET CORVETTE’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 1987 CHEVROLET CORVETTE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1987 CHEVROLET CORVETTE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $23,000 | 31 sales |
| 10,000 mi | $21,507 | 81 sales |
| 15,000 mi | $19,900 | 65 sales |
| 20,000 mi | $18,900 | 64 sales |
| 25,000 mi | $14,950 | 31 sales |
| 30,000 mi | $14,995 | 64 sales |
| 35,000 mi | $12,400 | 56 sales |
| 40,000 mi | $12,748 | 74 sales |
| 45,000 mi | $11,000 | 63 sales |
| 50,000 mi | $12,500 | 129 sales |
| 55,000 mi | $15,995 | 174 sales |
| 60,000 mi | $11,000 | 87 sales |
| 65,000 mi | $15,900 | 109 sales |
| 70,000 mi | $14,500 | 98 sales |
| 75,000 mi | $8,900 | 45 sales |
| 80,000 mi | $9,995 | 63 sales |
| 85,000 mi | $11,500 | 97 sales |
| 90,000 mi | $8,995 | 41 sales |
| 95,000 mi | $8,999 | 56 sales |
| 100,000 mi | $8,880 | 50 sales |
| 105,000 mi | $8,000 | 19 sales |
| 110,000 mi | $7,650 | 43 sales |
| 115,000 mi | $7,498 | 30 sales |
| 120,000 mi | $8,999 | 17 sales |
| 125,000 mi | $11,000 | 22 sales |
| 130,000 mi | $19,495 | 13 sales |
| 135,000 mi | $8,496 | 14 sales |
| 145,000 mi | $5,000 | 26 sales |
| 155,000 mi | $7,245 | 16 sales |
| 160,000 mi | $13,900 | 39 sales |
Frequently asked questions
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
Depreciation directly affects the resale value of a 1987 CHEVROLET CORVETTE, with faster depreciating vehicles typically having lower resale values over time.
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.
Aftermarket modifications can affect the depreciation of 1987 CHEVROLET CORVETTE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Other years of CHEVROLET CORVETTE
1995 CHEVROLET CORVETTE
$14,500 average used price
5,000+ sales records
1998 CHEVROLET CORVETTE
$17,995 average used price
7,900+ sales records
2016 CHEVROLET CORVETTE
$50,998 average used price
71,200+ sales records
2019 CHEVROLET CORVETTE
$59,000 average used price
67,300+ sales records
2021 CHEVROLET CORVETTE
$75,000 average used price
27,500+ sales records
2023 CHEVROLET CORVETTE
$85,532 average used price
8,300+ sales records
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