Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 HYUNDAI ELANTRA'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 HYUNDAI ELANTRA in 2022 was $20,800.
The average price for used 2022 HYUNDAI ELANTRA nowadays in 2024 is $19,998 which is 96% from the original price.
Estimated mileage driven per year is 10,128 miles.
The graph below is a depreciation curve for 2022 HYUNDAI ELANTRA. 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 HYUNDAI ELANTRA 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 | $20,800 | — | — | 100% | 0% |
| 2022 | 10,128 mi | $22,990 | −$2,190 | −10.53% | 110.53% | -10.53% |
| 2023 | 20,256 mi | $21,675 | +$1,315 | +5.72% | 104.21% | -4.21% |
| 2024 | 30,384 mi | $19,998 | +$1,677 | +7.74% | 96.14% | 3.86% |
| 2025 | 40,512 mi | $18,987 | +$1,011 | +5.06% | 91.28% | 8.72% |
| 2026 | 50,640 mi | $15,988 | +$2,999 | +15.8% | 76.87% | 23.13% |
| 2027 | 60,768 mi | $14,989 | +$999 | +6.25% | 72.06% | 27.94% |
| 2028 | 70,896 mi | $13,991 | +$998 | +6.66% | 67.26% | 32.74% |
| 2029 | 81,024 mi | $12,305 | +$1,686 | +12.05% | 59.16% | 40.84% |
| 2030 | 91,152 mi | $10,890 | +$1,415 | +11.5% | 52.36% | 47.64% |
| 2031 | 101,280 mi | $9,995 | +$895 | +8.22% | 48.05% | 51.95% |
| 2032 | 111,408 mi | $9,900 | +$95 | +0.95% | 47.6% | 52.4% |
| 2033 | 121,536 mi | $8,991 | +$909 | +9.18% | 43.23% | 56.77% |
| 2034 | 131,664 mi | $8,497 | +$494 | +5.49% | 40.85% | 59.15% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI ELANTRA’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 HYUNDAI ELANTRA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 HYUNDAI ELANTRA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $22,991 | 49 sales |
| 5,000 mi | $22,991 | 538 sales |
| 10,000 mi | $22,900 | 918 sales |
| 15,000 mi | $21,998 | 1,045 sales |
| 20,000 mi | $21,680 | 938 sales |
| 25,000 mi | $21,488 | 932 sales |
| 30,000 mi | $20,998 | 763 sales |
| 35,000 mi | $20,692 | 523 sales |
| 40,000 mi | $19,995 | 358 sales |
| 45,000 mi | $19,819 | 227 sales |
| 50,000 mi | $19,769 | 154 sales |
| 55,000 mi | $18,999 | 96 sales |
| 60,000 mi | $18,955 | 67 sales |
| 65,000 mi | $18,645 | 50 sales |
| 70,000 mi | $17,994 | 30 sales |
| 75,000 mi | $16,906 | 16 sales |
| 80,000 mi | $17,206 | 18 sales |
| 90,000 mi | $16,534 | 10 sales |
Frequently asked questions
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Depreciation directly affects the resale value of a 2022 HYUNDAI ELANTRA, with faster depreciating vehicles typically having lower resale values over time.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Aftermarket modifications can affect the depreciation of 2022 HYUNDAI ELANTRA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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 economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Proper maintenance and good condition can slow the depreciation of a 2022 HYUNDAI ELANTRA by making it more attractive to potential buyers, thereby preserving more of its value.
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 maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Other years of HYUNDAI ELANTRA
2000 HYUNDAI ELANTRA
$3,999 average used price
330+ sales records
2005 HYUNDAI ELANTRA
$3,999 average used price
3,800+ sales records
2007 HYUNDAI ELANTRA
$5,289 average used price
4,900+ sales records
2019 HYUNDAI ELANTRA
$14,989 average used price
124,600+ sales records
2020 HYUNDAI ELANTRA
$15,988 average used price
175,800+ sales records
2024 HYUNDAI ELANTRA
$22,990 average used price
9,300+ sales records
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2022 HYUNDAI ELANTRA on BADVIN
