Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 CHEVROLET IMPALA'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) 2020 CHEVROLET IMPALA in 2020 was $32,190.
The average price for used 2020 CHEVROLET IMPALA nowadays in 2024 is $19,999 which is 62% from the original price.
Estimated mileage driven per year is 10,000 miles.
The graph below is a depreciation curve for 2020 CHEVROLET IMPALA. 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 2020 CHEVROLET IMPALA 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $32,190 | — | — | 100% | 0% |
| 2024 | 50,000 mi | $19,999 | +$0 | +0% | 62.13% | 37.87% |
| 2025 | 60,000 mi | $18,998 | +$1,001 | +5.01% | 59.02% | 40.98% |
| 2026 | 70,000 mi | $15,997 | +$3,001 | +15.8% | 49.7% | 50.3% |
| 2027 | 80,000 mi | $14,994 | +$1,003 | +6.27% | 46.58% | 53.42% |
| 2028 | 90,000 mi | $13,580 | +$1,414 | +9.43% | 42.19% | 57.81% |
| 2029 | 100,000 mi | $13,490 | +$90 | +0.66% | 41.91% | 58.09% |
| 2030 | 110,000 mi | $11,954 | +$1,536 | +11.39% | 37.14% | 62.86% |
| 2031 | 120,000 mi | $8,250 | +$3,704 | +30.99% | 25.63% | 74.37% |
| 2032 | 130,000 mi | $7,499 | +$751 | +9.1% | 23.3% | 76.7% |
| 2033 | 140,000 mi | $6,800 | +$699 | +9.32% | 21.12% | 78.88% |
| 2034 | 150,000 mi | $6,500 | +$300 | +4.41% | 20.19% | 79.81% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET IMPALA’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 2020 CHEVROLET IMPALA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 CHEVROLET IMPALA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $31,159 | 26 sales |
| 10,000 mi | $27,759 | 59 sales |
| 15,000 mi | $27,878 | 70 sales |
| 20,000 mi | $27,902 | 112 sales |
| 25,000 mi | $26,704 | 105 sales |
| 30,000 mi | $26,498 | 99 sales |
| 35,000 mi | $24,595 | 143 sales |
| 40,000 mi | $24,965 | 222 sales |
| 45,000 mi | $24,978 | 420 sales |
| 50,000 mi | $24,598 | 760 sales |
| 55,000 mi | $24,138 | 737 sales |
| 60,000 mi | $23,148 | 875 sales |
| 65,000 mi | $22,990 | 524 sales |
| 70,000 mi | $22,491 | 266 sales |
| 75,000 mi | $20,921 | 119 sales |
| 80,000 mi | $19,989 | 68 sales |
| 85,000 mi | $19,707 | 60 sales |
| 90,000 mi | $18,999 | 37 sales |
| 95,000 mi | $18,199 | 25 sales |
| 100,000 mi | $16,978 | 28 sales |
| 105,000 mi | $18,043 | 22 sales |
| 110,000 mi | $16,990 | 13 sales |
Frequently asked questions
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
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.
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.
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.
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.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Aftermarket modifications can affect the depreciation of 2020 CHEVROLET IMPALA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Other years of CHEVROLET IMPALA
1978 CHEVROLET IMPALA
0+ sales records
1981 CHEVROLET IMPALA
0+ sales records
1984 CHEVROLET IMPALA
0+ sales records
1985 CHEVROLET IMPALA
0+ sales records
1996 CHEVROLET IMPALA
$29,250 average used price
2,400+ sales records
2007 CHEVROLET IMPALA
$5,435 average used price
16,400+ sales records
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