Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 CHEVROLET SUBURBAN'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) 2016 CHEVROLET SUBURBAN in 2016 was $65,925.
The average price for used 2016 CHEVROLET SUBURBAN nowadays in 2024 is $24,991 which is 38% from the original price.
Estimated mileage driven per year is 13,474 miles.
The graph below is a depreciation curve for 2016 CHEVROLET SUBURBAN. 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 2016 CHEVROLET SUBURBAN 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 | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $65,925 | — | — | 100% | 0% |
| 2016 | 13,474 mi | $74,995 | −$9,070 | −13.76% | 113.76% | -13.76% |
| 2017 | 26,948 mi | $67,788 | +$7,207 | +9.61% | 102.83% | -2.83% |
| 2018 | 40,422 mi | $53,498 | +$14,290 | +21.08% | 81.15% | 18.85% |
| 2019 | 53,896 mi | $53,900 | −$402 | −0.75% | 81.76% | 18.24% |
| 2020 | 67,370 mi | $40,999 | +$12,901 | +23.94% | 62.19% | 37.81% |
| 2021 | 80,844 mi | $35,109 | +$5,890 | +14.37% | 53.26% | 46.74% |
| 2022 | 94,318 mi | $30,000 | +$5,109 | +14.55% | 45.51% | 54.49% |
| 2023 | 107,792 mi | $27,584 | +$2,416 | +8.05% | 41.84% | 58.16% |
| 2024 | 121,266 mi | $24,991 | +$2,593 | +9.4% | 37.91% | 62.09% |
| 2025 | 134,740 mi | $21,697 | +$3,294 | +13.18% | 32.91% | 67.09% |
| 2026 | 148,214 mi | $15,899 | +$5,798 | +26.72% | 24.12% | 75.88% |
| 2027 | 161,688 mi | $14,995 | +$904 | +5.69% | 22.75% | 77.25% |
| 2028 | 175,162 mi | $13,786 | +$1,209 | +8.06% | 20.91% | 79.09% |
| 2029 | 188,636 mi | $11,990 | +$1,796 | +13.03% | 18.19% | 81.81% |
| 2030 | 202,110 mi | $11,991 | −$1 | −0.01% | 18.19% | 81.81% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the CHEVROLET SUBURBAN’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 2016 CHEVROLET SUBURBAN. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 CHEVROLET SUBURBAN by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 20,000 mi | $44,599 | 13 sales |
| 30,000 mi | $36,267 | 12 sales |
| 35,000 mi | $41,995 | 20 sales |
| 40,000 mi | $39,995 | 35 sales |
| 45,000 mi | $37,289 | 34 sales |
| 50,000 mi | $38,955 | 41 sales |
| 55,000 mi | $37,474 | 70 sales |
| 60,000 mi | $34,999 | 90 sales |
| 65,000 mi | $32,981 | 108 sales |
| 70,000 mi | $31,990 | 144 sales |
| 75,000 mi | $32,896 | 173 sales |
| 80,000 mi | $31,900 | 205 sales |
| 85,000 mi | $30,530 | 302 sales |
| 90,000 mi | $29,975 | 301 sales |
| 95,000 mi | $28,900 | 385 sales |
| 100,000 mi | $27,995 | 356 sales |
| 105,000 mi | $27,595 | 358 sales |
| 110,000 mi | $27,000 | 363 sales |
| 115,000 mi | $26,749 | 344 sales |
| 120,000 mi | $25,987 | 289 sales |
| 125,000 mi | $25,250 | 270 sales |
| 130,000 mi | $24,895 | 251 sales |
| 135,000 mi | $23,721 | 196 sales |
| 140,000 mi | $23,965 | 181 sales |
| 145,000 mi | $22,967 | 158 sales |
| 150,000 mi | $21,995 | 131 sales |
| 155,000 mi | $21,997 | 100 sales |
| 160,000 mi | $20,000 | 92 sales |
| 165,000 mi | $21,835 | 88 sales |
| 170,000 mi | $19,721 | 76 sales |
| 175,000 mi | $19,844 | 55 sales |
| 180,000 mi | $18,500 | 43 sales |
| 185,000 mi | $18,948 | 30 sales |
| 190,000 mi | $17,650 | 28 sales |
| 195,000 mi | $18,850 | 29 sales |
| 200,000 mi | $14,989 | 14 sales |
| 205,000 mi | $15,323 | 15 sales |
| 210,000 mi | $15,000 | 11 sales |
Frequently asked questions
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.
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.
Aftermarket modifications can affect the depreciation of 2016 CHEVROLET SUBURBAN either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
Depreciation directly affects the resale value of a 2016 CHEVROLET SUBURBAN, with faster depreciating vehicles typically having lower resale values over time.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Other years of CHEVROLET SUBURBAN
1994 CHEVROLET SUBURBAN
$7,500 average used price
830+ sales records
1996 CHEVROLET SUBURBAN
$7,995 average used price
610+ sales records
1999 CHEVROLET SUBURBAN
$7,575 average used price
3,300+ sales records
2000 CHEVROLET SUBURBAN
$7,498 average used price
1,600+ sales records
2009 CHEVROLET SUBURBAN
$10,500 average used price
9,800+ sales records
2010 CHEVROLET SUBURBAN
$11,991 average used price
8,800+ sales records
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