Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 CHEVROLET SPARK'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) 2022 CHEVROLET SPARK in 2022 was $16,720.
The average price for used 2022 CHEVROLET SPARK nowadays in 2024 is $15,999 which is 96% from the original price.
Estimated mileage driven per year is 10,538 miles.
The graph below is a depreciation curve for 2022 CHEVROLET SPARK. 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 2022 CHEVROLET SPARK 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 | ||
|---|---|---|---|---|---|---|
| 2022 MSRP | 0 mi | $16,720 | — | — | 100% | 0% |
| 2024 | 31,614 mi | $15,999 | +$0 | +0% | 95.69% | 4.31% |
| 2025 | 42,152 mi | $13,955 | +$2,044 | +12.78% | 83.46% | 16.54% |
| 2026 | 52,690 mi | $13,488 | +$467 | +3.35% | 80.67% | 19.33% |
| 2027 | 63,228 mi | $12,900 | +$588 | +4.36% | 77.15% | 22.85% |
| 2028 | 73,766 mi | $11,869 | +$1,031 | +7.99% | 70.99% | 29.01% |
| 2029 | 84,304 mi | $10,611 | +$1,258 | +10.6% | 63.46% | 36.54% |
| 2030 | 94,842 mi | $9,460 | +$1,151 | +10.85% | 56.58% | 43.42% |
| 2031 | 105,380 mi | $8,298 | +$1,162 | +12.28% | 49.63% | 50.37% |
| 2032 | 115,918 mi | $7,982 | +$316 | +3.81% | 47.74% | 52.26% |
| 2033 | 126,456 mi | $6,995 | +$987 | +12.37% | 41.84% | 58.16% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET SPARK’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 2022 CHEVROLET SPARK. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 CHEVROLET SPARK by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $18,998 | 175 sales |
| 5,000 mi | $18,900 | 357 sales |
| 10,000 mi | $17,871 | 320 sales |
| 15,000 mi | $16,998 | 205 sales |
| 20,000 mi | $16,997 | 203 sales |
| 25,000 mi | $16,249 | 182 sales |
| 30,000 mi | $15,993 | 244 sales |
| 35,000 mi | $15,998 | 251 sales |
| 40,000 mi | $15,988 | 133 sales |
| 45,000 mi | $14,995 | 52 sales |
| 50,000 mi | $14,900 | 13 sales |
| 55,000 mi | $14,591 | 11 sales |
Frequently asked questions
Proper maintenance and good condition can slow the depreciation of a 2022 CHEVROLET SPARK by making it more attractive to potential buyers, thereby preserving more of its value.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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 exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more 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.
Aftermarket modifications can affect the depreciation of 2022 CHEVROLET SPARK either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Other years of CHEVROLET SPARK
2014 CHEVROLET SPARK
$7,982 average used price
27,000+ sales records
2015 CHEVROLET SPARK
$8,298 average used price
26,200+ sales records
2017 CHEVROLET SPARK
$10,611 average used price
30,400+ sales records
2018 CHEVROLET SPARK
$11,869 average used price
15,200+ sales records
2019 CHEVROLET SPARK
$12,900 average used price
36,600+ sales records
2021 CHEVROLET SPARK
$13,955 average used price
29,100+ sales records
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