Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the GMC SIERRA’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 1998 GMC SIERRA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 1998 GMC SIERRA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|
Frequently asked questions
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
On average, a new car can depreciate by approximately 23% after the first year, reflecting the premium paid for new technology and immediate depreciation once it's considered used.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
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 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 market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Other years of GMC SIERRA
1994 GMC SIERRA
40+ sales records
2009 GMC SIERRA
50+ sales records
2013 GMC SIERRA
10+ sales records
2015 GMC SIERRA
20+ sales records
2017 GMC SIERRA
20+ sales records
2020 GMC SIERRA
10+ sales records
Similar Models
1995 GMC YUKON
$71,925 MSRP
$14,400 average used price
350+ sales records
1996 GMC YUKON
$71,925 MSRP
$19,977 average used price
310+ sales records
1997 GMC SONOMA
$7,998 MSRP
$6,697 average used price
260+ sales records
1997 GMC YUKON
$71,925 MSRP
$14,999 average used price
490+ sales records
1997 GMC SAVANA
$6,900 average used price
90+ sales records
2000 GMC SAVANA
$8,990 average used price
160+ sales records
