Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 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) 2024 HYUNDAI KONA in 2024 was $26,075.
The average price for used 2024 HYUNDAI KONA nowadays in 2024 is $25,999 which is 100% from the original price.
Estimated mileage driven per year is 10,017 miles.
The graph below is a depreciation curve for 2024 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 2024 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 | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $26,075 | — | — | 100% | 0% |
| 2024 | 10,017 mi | $25,999 | +$76 | +0.29% | 99.71% | 0.29% |
| 2025 | 20,034 mi | $22,577 | +$3,422 | +13.16% | 86.58% | 13.42% |
| 2026 | 30,051 mi | $20,995 | +$1,582 | +7.01% | 80.52% | 19.48% |
| 2027 | 40,068 mi | $19,990 | +$1,005 | +4.79% | 76.66% | 23.34% |
| 2028 | 50,085 mi | $18,998 | +$992 | +4.96% | 72.86% | 27.14% |
| 2029 | 60,102 mi | $17,989 | +$1,009 | +5.31% | 68.99% | 31.01% |
| 2030 | 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 2024 HYUNDAI KONA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 HYUNDAI KONA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $26,900 | 142 sales |
| 5,000 mi | $25,988 | 522 sales |
| 10,000 mi | $27,226 | 64 sales |
| 15,000 mi | $26,931 | 17 sales |
Frequently asked questions
Yes, the choice of vehicle color can impact the depreciation rate, with neutral colors typically being easier to sell and potentially holding their value better than more unconventional colors.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
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 2024 HYUNDAI KONA, with faster depreciating vehicles typically having lower resale values over time.
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
2020 HYUNDAI KONA
$18,998 average used price
67,100+ 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
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