Depreciation
The depreciation graph and accompanying table on our page detail how the 2003 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) 2003 CHEVROLET CORVETTE in 2003 was $82,165.
The average price for used 2003 CHEVROLET CORVETTE nowadays in 2024 is $23,995 which is 29% from the original price.
Estimated mileage driven per year is 2,009 miles.
The graph below is a depreciation curve for 2003 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 2003 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 | ||
|---|---|---|---|---|---|---|
| 2003 MSRP | 0 mi | $82,165 | — | — | 100% | 0% |
| 2003 | 2,009 mi | $86,950 | −$4,785 | −5.82% | 105.82% | -5.82% |
| 2004 | 4,018 mi | $85,532 | +$1,418 | +1.63% | 104.1% | -4.1% |
| 2005 | 6,027 mi | $79,900 | +$5,632 | +6.58% | 97.24% | 2.76% |
| 2006 | 8,036 mi | $75,000 | +$4,900 | +6.13% | 91.28% | 8.72% |
| 2007 | 10,045 mi | $72,997 | +$2,003 | +2.67% | 88.84% | 11.16% |
| 2008 | 12,054 mi | $59,000 | +$13,997 | +19.17% | 71.81% | 28.19% |
| 2009 | 14,063 mi | $57,995 | +$1,005 | +1.7% | 70.58% | 29.42% |
| 2010 | 16,072 mi | $54,995 | +$3,000 | +5.17% | 66.93% | 33.07% |
| 2011 | 18,081 mi | $50,998 | +$3,997 | +7.27% | 62.07% | 37.93% |
| 2012 | 20,090 mi | $46,169 | +$4,829 | +9.47% | 56.19% | 43.81% |
| 2013 | 22,099 mi | $42,995 | +$3,174 | +6.87% | 52.33% | 47.67% |
| 2014 | 24,108 mi | $40,990 | +$2,005 | +4.66% | 49.89% | 50.11% |
| 2015 | 26,117 mi | $38,206 | +$2,784 | +6.79% | 46.5% | 53.5% |
| 2016 | 28,126 mi | $35,999 | +$2,207 | +5.78% | 43.81% | 56.19% |
| 2017 | 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 2003 CHEVROLET CORVETTE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2003 CHEVROLET CORVETTE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $45,899 | 62 sales |
| 5,000 mi | $36,900 | 176 sales |
| 10,000 mi | $31,890 | 199 sales |
| 15,000 mi | $29,988 | 253 sales |
| 20,000 mi | $29,800 | 304 sales |
| 25,000 mi | $27,999 | 312 sales |
| 30,000 mi | $27,202 | 357 sales |
| 35,000 mi | $25,997 | 300 sales |
| 40,000 mi | $25,495 | 339 sales |
| 45,000 mi | $24,738 | 303 sales |
| 50,000 mi | $24,000 | 300 sales |
| 55,000 mi | $23,499 | 252 sales |
| 60,000 mi | $22,988 | 243 sales |
| 65,000 mi | $21,990 | 189 sales |
| 70,000 mi | $20,877 | 192 sales |
| 75,000 mi | $20,912 | 152 sales |
| 80,000 mi | $20,068 | 152 sales |
| 85,000 mi | $18,999 | 92 sales |
| 90,000 mi | $19,984 | 96 sales |
| 95,000 mi | $18,499 | 67 sales |
| 100,000 mi | $19,000 | 40 sales |
| 105,000 mi | $16,997 | 34 sales |
| 110,000 mi | $15,999 | 37 sales |
| 115,000 mi | $15,995 | 41 sales |
| 120,000 mi | $17,995 | 45 sales |
| 125,000 mi | $15,973 | 24 sales |
| 130,000 mi | $14,993 | 21 sales |
| 135,000 mi | $14,500 | 20 sales |
| 140,000 mi | $15,945 | 14 sales |
Frequently asked questions
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Proper maintenance and good condition can slow the depreciation of a 2003 CHEVROLET CORVETTE by making it more attractive to potential buyers, thereby preserving more of its value.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Aftermarket modifications can affect the depreciation of 2003 CHEVROLET CORVETTE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more 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.
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
Other years of CHEVROLET CORVETTE
1995 CHEVROLET CORVETTE
$14,500 average used price
5,000+ sales records
1999 CHEVROLET CORVETTE
$18,925 average used price
7,900+ sales records
2004 CHEVROLET CORVETTE
$22,995 average used price
17,200+ sales records
2010 CHEVROLET CORVETTE
$35,995 average used price
17,800+ sales records
2015 CHEVROLET CORVETTE
$46,169 average used price
64,900+ sales records
2017 CHEVROLET CORVETTE
$54,995 average used price
58,300+ sales records
Similar Models
2005 CHEVROLET CLASSIC
$4,600 MSRP
$3,999 average used price
820+ sales records
2006 CHEVROLET MALIBU
$27,395 MSRP
$4,000 average used price
7,200+ sales records
2006 CHEVROLET COBALT
$6,806 MSRP
$3,999 average used price
7,600+ sales records
2006 CHEVROLET SILVERADO 2500
$59,523 MSRP
$17,995 average used price
14,600+ sales records
2006 CHEVROLET TRAILBLAZER
$27,063 MSRP
$5,447 average used price
13,000+ sales records
2006 CHEVROLET EQUINOX
$29,988 MSRP
$4,995 average used price
7,700+ sales records
