Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 DODGE CHALLENGER'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) 2008 DODGE CHALLENGER in 2008 was $32,900.
The average price for used 2008 DODGE CHALLENGER nowadays in 2024 is $26,750 which is 81% from the original price.
Estimated mileage driven per year is 7,184 miles.
The graph below is a depreciation curve for 2008 DODGE CHALLENGER. 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 2008 DODGE CHALLENGER 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 | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $32,900 | — | — | 100% | 0% |
| 2009 | 14,368 mi | $37,971 | +$0 | +0% | 115.41% | -15.41% |
| 2010 | 21,552 mi | $31,100 | +$6,871 | +18.1% | 94.53% | 5.47% |
| 2011 | 28,736 mi | $29,489 | +$1,611 | +5.18% | 89.63% | 10.37% |
| 2012 | 35,920 mi | $31,998 | −$2,509 | −8.51% | 97.26% | 2.74% |
| 2013 | 43,104 mi | $26,865 | +$5,133 | +16.04% | 81.66% | 18.34% |
| 2014 | 50,288 mi | $25,360 | +$1,505 | +5.6% | 77.08% | 22.92% |
| 2015 | 57,472 mi | $23,177 | +$2,183 | +8.61% | 70.45% | 29.55% |
| 2016 | 64,656 mi | $26,882 | −$3,705 | −15.99% | 81.71% | 18.29% |
| 2017 | 71,840 mi | $23,829 | +$3,053 | +11.36% | 72.43% | 27.57% |
| 2018 | 79,024 mi | $18,682 | +$5,147 | +21.6% | 56.78% | 43.22% |
| 2019 | 86,208 mi | $17,273 | +$1,409 | +7.54% | 52.5% | 47.5% |
| 2020 | 93,392 mi | $17,900 | −$627 | −3.63% | 54.41% | 45.59% |
| 2021 | 100,576 mi | $18,900 | −$1,000 | −5.59% | 57.45% | 42.55% |
| 2022 | 107,760 mi | $18,950 | −$50 | −0.26% | 57.6% | 42.4% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the DODGE CHALLENGER’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 2008 DODGE CHALLENGER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 DODGE CHALLENGER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $33,999 | 119 sales |
| 5,000 mi | $31,999 | 308 sales |
| 10,000 mi | $31,000 | 264 sales |
| 15,000 mi | $29,993 | 176 sales |
| 20,000 mi | $29,988 | 308 sales |
| 25,000 mi | $27,750 | 182 sales |
| 30,000 mi | $27,000 | 151 sales |
| 35,000 mi | $26,000 | 149 sales |
| 40,000 mi | $23,997 | 101 sales |
| 45,000 mi | $24,874 | 112 sales |
| 50,000 mi | $23,991 | 95 sales |
| 55,000 mi | $23,999 | 94 sales |
| 60,000 mi | $22,995 | 97 sales |
| 65,000 mi | $22,250 | 46 sales |
| 70,000 mi | $22,697 | 79 sales |
| 75,000 mi | $19,999 | 88 sales |
| 80,000 mi | $21,000 | 81 sales |
| 85,000 mi | $20,495 | 94 sales |
| 90,000 mi | $19,995 | 57 sales |
| 95,000 mi | $19,000 | 24 sales |
| 100,000 mi | $19,997 | 43 sales |
| 105,000 mi | $19,688 | 17 sales |
| 110,000 mi | $16,950 | 37 sales |
| 115,000 mi | $17,999 | 33 sales |
| 120,000 mi | $16,948 | 14 sales |
| 125,000 mi | $15,995 | 13 sales |
| 135,000 mi | $16,299 | 24 sales |
| 145,000 mi | $18,450 | 12 sales |
Frequently asked questions
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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.
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
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.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Depreciation directly affects the resale value of a 2008 DODGE CHALLENGER, with faster depreciating vehicles typically having lower resale values over time.
Other years of DODGE CHALLENGER
1971 DODGE CHALLENGER
$64,900 average used price
910+ sales records
1974 DODGE CHALLENGER
450+ sales records
2011 DODGE CHALLENGER
$18,900 average used price
12,900+ sales records
2013 DODGE CHALLENGER
$17,273 average used price
35,900+ sales records
2014 DODGE CHALLENGER
$18,682 average used price
41,600+ sales records
2020 DODGE CHALLENGER
$31,998 average used price
86,400+ sales records
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