Depreciation
The depreciation graph and accompanying table on our page detail how the 2002 CHEVROLET SILVERADO 1500'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) 2002 CHEVROLET SILVERADO 1500 in 2002 was $48,170.
The average price for used 2002 CHEVROLET SILVERADO 1500 nowadays in 2024 is $8,783 which is 18% from the original price.
Estimated mileage driven per year is 10,178 miles.
The graph below is a depreciation curve for 2002 CHEVROLET SILVERADO 1500. 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 2002 CHEVROLET SILVERADO 1500 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 | ||
|---|---|---|---|---|---|---|
| 2002 MSRP | 0 mi | $48,170 | — | — | 100% | 0% |
| 2002 | 10,178 mi | $54,495 | −$6,325 | −13.13% | 113.13% | -13.13% |
| 2003 | 20,356 mi | $47,998 | +$6,497 | +11.92% | 99.64% | 0.36% |
| 2004 | 30,534 mi | $43,990 | +$4,008 | +8.35% | 91.32% | 8.68% |
| 2005 | 40,712 mi | $38,605 | +$5,385 | +12.24% | 80.14% | 19.86% |
| 2006 | 50,890 mi | $35,884 | +$2,721 | +7.05% | 74.49% | 25.51% |
| 2007 | 61,068 mi | $32,990 | +$2,894 | +8.06% | 68.49% | 31.51% |
| 2008 | 71,246 mi | $28,902 | +$4,088 | +12.39% | 60% | 40% |
| 2009 | 81,424 mi | $26,988 | +$1,914 | +6.62% | 56.03% | 43.97% |
| 2010 | 91,602 mi | $24,796 | +$2,192 | +8.12% | 51.48% | 48.52% |
| 2011 | 101,780 mi | $21,997 | +$2,799 | +11.29% | 45.67% | 54.33% |
| 2012 | 111,958 mi | $19,951 | +$2,046 | +9.3% | 41.42% | 58.58% |
| 2013 | 122,136 mi | $16,263 | +$3,688 | +18.49% | 33.76% | 66.24% |
| 2014 | 132,314 mi | $14,999 | +$1,264 | +7.77% | 31.14% | 68.86% |
| 2015 | 142,492 mi | $13,990 | +$1,009 | +6.73% | 29.04% | 70.96% |
| 2016 | 152,670 mi | $12,985 | +$1,005 | +7.18% | 26.96% | 73.04% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET SILVERADO 1500’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 2002 CHEVROLET SILVERADO 1500. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2002 CHEVROLET SILVERADO 1500 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 15,000 mi | $29,500 | 16 sales |
| 20,000 mi | $18,455 | 15 sales |
| 35,000 mi | $15,995 | 23 sales |
| 40,000 mi | $15,995 | 30 sales |
| 45,000 mi | $11,994 | 15 sales |
| 55,000 mi | $12,700 | 24 sales |
| 60,000 mi | $12,995 | 41 sales |
| 65,000 mi | $12,495 | 59 sales |
| 70,000 mi | $14,995 | 58 sales |
| 75,000 mi | $13,988 | 47 sales |
| 80,000 mi | $12,123 | 62 sales |
| 85,000 mi | $11,995 | 92 sales |
| 90,000 mi | $9,998 | 79 sales |
| 95,000 mi | $11,250 | 101 sales |
| 100,000 mi | $10,997 | 103 sales |
| 105,000 mi | $11,998 | 90 sales |
| 110,000 mi | $9,911 | 122 sales |
| 115,000 mi | $10,000 | 116 sales |
| 120,000 mi | $9,079 | 127 sales |
| 125,000 mi | $9,895 | 118 sales |
| 130,000 mi | $9,750 | 162 sales |
| 135,000 mi | $8,995 | 138 sales |
| 140,000 mi | $8,900 | 147 sales |
| 145,000 mi | $8,993 | 124 sales |
| 150,000 mi | $7,995 | 142 sales |
| 155,000 mi | $8,122 | 156 sales |
| 160,000 mi | $7,995 | 152 sales |
| 165,000 mi | $8,648 | 124 sales |
| 170,000 mi | $7,991 | 155 sales |
| 175,000 mi | $7,900 | 148 sales |
| 180,000 mi | $7,995 | 129 sales |
| 185,000 mi | $7,862 | 126 sales |
| 190,000 mi | $6,995 | 153 sales |
| 195,000 mi | $6,990 | 109 sales |
| 200,000 mi | $7,389 | 119 sales |
| 205,000 mi | $6,995 | 97 sales |
| 210,000 mi | $6,995 | 115 sales |
| 215,000 mi | $6,500 | 91 sales |
| 220,000 mi | $5,999 | 93 sales |
| 225,000 mi | $6,000 | 77 sales |
| 230,000 mi | $6,900 | 67 sales |
| 235,000 mi | $5,995 | 95 sales |
| 240,000 mi | $5,825 | 46 sales |
| 245,000 mi | $5,993 | 82 sales |
| 250,000 mi | $5,995 | 65 sales |
| 255,000 mi | $5,900 | 45 sales |
| 260,000 mi | $5,993 | 56 sales |
| 265,000 mi | $5,996 | 48 sales |
| 270,000 mi | $5,985 | 37 sales |
| 275,000 mi | $5,995 | 43 sales |
| 280,000 mi | $5,547 | 40 sales |
| 285,000 mi | $5,000 | 21 sales |
| 290,000 mi | $4,898 | 18 sales |
| 295,000 mi | $5,985 | 20 sales |
| 300,000 mi | $5,000 | 28 sales |
| 315,000 mi | $4,707 | 10 sales |
| 325,000 mi | $5,000 | 15 sales |
Frequently asked questions
The depreciation rate can be influenced by factors such as the vehicle's condition, mileage, market demand, and the pace of technological advancements in newer models.
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.
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.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
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.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
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.
Other years of CHEVROLET SILVERADO 1500
2005 CHEVROLET SILVERADO 1500
$9,860 average used price
25,000+ sales records
2008 CHEVROLET SILVERADO 1500
$10,991 average used price
49,500+ sales records
2012 CHEVROLET SILVERADO 1500
$14,999 average used price
81,500+ sales records
2015 CHEVROLET SILVERADO 1500
$21,997 average used price
244,300+ sales records
2016 CHEVROLET SILVERADO 1500
$24,796 average used price
233,300+ sales records
2019 CHEVROLET SILVERADO 1500
$32,990 average used price
418,200+ sales records
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2002 CHEVROLET SILVERADO 1500 on BADVIN
