Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 HYUNDAI IONIQ'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) 2020 HYUNDAI IONIQ in 2020 was $27,050.
The average price for used 2020 HYUNDAI IONIQ nowadays in 2024 is $18,123 which is 67% from the original price.
Estimated mileage driven per year is 11,409 miles.
The graph below is a depreciation curve for 2020 HYUNDAI IONIQ. 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 2020 HYUNDAI IONIQ 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $27,050 | — | — | 100% | 0% |
| 2022 | 34,227 mi | $21,498 | +$0 | +0% | 79.48% | 20.52% |
| 2023 | 45,636 mi | $19,950 | +$1,548 | +7.2% | 73.75% | 26.25% |
| 2024 | 57,045 mi | $18,123 | +$1,827 | +9.16% | 67% | 33% |
| 2025 | 68,454 mi | $16,990 | +$1,133 | +6.25% | 62.81% | 37.19% |
| 2026 | 79,863 mi | $14,991 | +$1,999 | +11.77% | 55.42% | 44.58% |
| 2027 | 91,272 mi | $13,998 | +$993 | +6.62% | 51.75% | 48.25% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI IONIQ’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 2020 HYUNDAI IONIQ. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 HYUNDAI IONIQ by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $28,693 | 27 sales |
| 5,000 mi | $24,998 | 150 sales |
| 10,000 mi | $25,991 | 406 sales |
| 15,000 mi | $24,139 | 677 sales |
| 20,000 mi | $22,945 | 636 sales |
| 25,000 mi | $22,000 | 834 sales |
| 30,000 mi | $21,866 | 704 sales |
| 35,000 mi | $20,510 | 480 sales |
| 40,000 mi | $19,978 | 293 sales |
| 45,000 mi | $20,998 | 248 sales |
| 50,000 mi | $19,886 | 273 sales |
| 55,000 mi | $18,900 | 313 sales |
| 60,000 mi | $18,595 | 497 sales |
| 65,000 mi | $18,289 | 240 sales |
| 70,000 mi | $18,200 | 101 sales |
| 75,000 mi | $18,397 | 74 sales |
| 80,000 mi | $17,990 | 49 sales |
| 85,000 mi | $18,093 | 38 sales |
| 90,000 mi | $15,595 | 53 sales |
| 95,000 mi | $14,690 | 38 sales |
| 100,000 mi | $14,995 | 29 sales |
| 105,000 mi | $15,096 | 24 sales |
| 110,000 mi | $14,686 | 26 sales |
| 120,000 mi | $13,450 | 10 sales |
| 130,000 mi | $13,495 | 12 sales |
Frequently asked questions
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Aftermarket modifications can affect the depreciation of 2020 HYUNDAI IONIQ either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
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 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.
Other years of HYUNDAI IONIQ
2017 HYUNDAI IONIQ
$13,998 average used price
11,600+ sales records
2018 HYUNDAI IONIQ
$14,991 average used price
11,500+ sales records
2019 HYUNDAI IONIQ
$16,990 average used price
29,300+ sales records
2021 HYUNDAI IONIQ
$19,950 average used price
5,200+ sales records
2022 HYUNDAI IONIQ
$21,498 average used price
4,900+ sales records
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