Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 HYUNDAI VENUE'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 VENUE in 2020 was $22,388.
The average price for used 2020 HYUNDAI VENUE nowadays in 2024 is $16,991 which is 76% from the original price.
Estimated mileage driven per year is 9,775 miles.
The graph below is a depreciation curve for 2020 HYUNDAI VENUE. 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 VENUE 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 | $22,388 | — | — | 100% | 0% |
| 2020 | 9,775 mi | $22,644 | −$256 | −1.14% | 101.14% | -1.14% |
| 2021 | 19,550 mi | $19,995 | +$2,649 | +11.7% | 89.31% | 10.69% |
| 2022 | 29,325 mi | $19,000 | +$995 | +4.98% | 84.87% | 15.13% |
| 2023 | 39,100 mi | $17,583 | +$1,417 | +7.46% | 78.54% | 21.46% |
| 2024 | 48,875 mi | $16,991 | +$592 | +3.37% | 75.89% | 24.11% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the HYUNDAI VENUE’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 VENUE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 HYUNDAI VENUE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $23,199 | 122 sales |
| 5,000 mi | $22,000 | 606 sales |
| 10,000 mi | $21,997 | 827 sales |
| 15,000 mi | $21,990 | 954 sales |
| 20,000 mi | $20,995 | 924 sales |
| 25,000 mi | $20,257 | 775 sales |
| 30,000 mi | $19,700 | 643 sales |
| 35,000 mi | $19,379 | 421 sales |
| 40,000 mi | $18,646 | 314 sales |
| 45,000 mi | $18,688 | 215 sales |
| 50,000 mi | $18,220 | 198 sales |
| 55,000 mi | $17,930 | 124 sales |
| 60,000 mi | $17,082 | 140 sales |
| 65,000 mi | $17,328 | 65 sales |
| 70,000 mi | $15,876 | 49 sales |
| 75,000 mi | $14,700 | 42 sales |
| 80,000 mi | $16,529 | 24 sales |
| 85,000 mi | $14,480 | 19 sales |
| 95,000 mi | $14,950 | 21 sales |
| 100,000 mi | $14,695 | 17 sales |
Frequently asked questions
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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 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.
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.
Aftermarket modifications can affect the depreciation of 2020 HYUNDAI VENUE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
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 market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Other years of HYUNDAI VENUE
2021 HYUNDAI VENUE
$17,583 average used price
18,400+ sales records
2022 HYUNDAI VENUE
$19,000 average used price
14,700+ sales records
2023 HYUNDAI VENUE
$19,995 average used price
760+ sales records
2024 HYUNDAI VENUE
$22,644 average used price
3,300+ sales records
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