Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 HYUNDAI KONA'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 KONA in 2020 was $26,075.
The average price for used 2020 HYUNDAI KONA nowadays in 2024 is $18,998 which is 73% from the original price.
Estimated mileage driven per year is 10,017 miles.
The graph below is a depreciation curve for 2020 HYUNDAI KONA. 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 KONA 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 | $26,075 | — | — | 100% | 0% |
| 2020 | 10,017 mi | $25,999 | +$76 | +0.29% | 99.71% | 0.29% |
| 2021 | 20,034 mi | $22,577 | +$3,422 | +13.16% | 86.58% | 13.42% |
| 2022 | 30,051 mi | $20,995 | +$1,582 | +7.01% | 80.52% | 19.48% |
| 2023 | 40,068 mi | $19,990 | +$1,005 | +4.79% | 76.66% | 23.34% |
| 2024 | 50,085 mi | $18,998 | +$992 | +4.96% | 72.86% | 27.14% |
| 2025 | 60,102 mi | $17,989 | +$1,009 | +5.31% | 68.99% | 31.01% |
| 2026 | 70,119 mi | $16,970 | +$1,019 | +5.66% | 65.08% | 34.92% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI KONA’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 KONA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 HYUNDAI KONA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $22,987 | 108 sales |
| 10,000 mi | $21,998 | 273 sales |
| 15,000 mi | $21,995 | 491 sales |
| 20,000 mi | $21,222 | 629 sales |
| 25,000 mi | $20,995 | 764 sales |
| 30,000 mi | $20,297 | 768 sales |
| 35,000 mi | $19,990 | 608 sales |
| 40,000 mi | $19,995 | 542 sales |
| 45,000 mi | $18,999 | 390 sales |
| 50,000 mi | $18,896 | 356 sales |
| 55,000 mi | $17,999 | 296 sales |
| 60,000 mi | $17,494 | 305 sales |
| 65,000 mi | $16,499 | 221 sales |
| 70,000 mi | $16,308 | 168 sales |
| 75,000 mi | $15,911 | 119 sales |
| 80,000 mi | $14,999 | 109 sales |
| 85,000 mi | $15,500 | 99 sales |
| 90,000 mi | $14,995 | 81 sales |
| 95,000 mi | $14,995 | 77 sales |
| 100,000 mi | $14,944 | 41 sales |
| 105,000 mi | $15,991 | 19 sales |
| 110,000 mi | $14,500 | 19 sales |
| 115,000 mi | $13,250 | 22 sales |
| 125,000 mi | $12,998 | 15 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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
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.
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.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
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.
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.
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.
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.
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.
Other years of HYUNDAI KONA
2018 HYUNDAI KONA
$16,970 average used price
30,800+ sales records
2019 HYUNDAI KONA
$17,989 average used price
58,800+ sales records
2021 HYUNDAI KONA
$19,990 average used price
60,500+ sales records
2022 HYUNDAI KONA
$20,995 average used price
38,300+ sales records
2023 HYUNDAI KONA
$22,577 average used price
2,000+ sales records
2024 HYUNDAI KONA
$25,999 average used price
3,200+ sales records
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2020 HYUNDAI KONA on BADVIN
