Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 KIA FORTE'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) 2016 KIA FORTE in 2016 was $22,145.
The average price for used 2016 KIA FORTE nowadays in 2024 is $9,999 which is 45% from the original price.
Estimated mileage driven per year is 11,809 miles.
The graph below is a depreciation curve for 2016 KIA FORTE. 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 2016 KIA FORTE 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 | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $22,145 | — | — | 100% | 0% |
| 2016 | 11,809 mi | $21,710 | +$435 | +1.96% | 98.04% | 1.96% |
| 2017 | 23,618 mi | $19,888 | +$1,822 | +8.39% | 89.81% | 10.19% |
| 2018 | 35,427 mi | $19,000 | +$888 | +4.47% | 85.8% | 14.2% |
| 2019 | 47,236 mi | $17,552 | +$1,448 | +7.62% | 79.26% | 20.74% |
| 2020 | 59,045 mi | $16,199 | +$1,353 | +7.71% | 73.15% | 26.85% |
| 2021 | 70,854 mi | $14,995 | +$1,204 | +7.43% | 67.71% | 32.29% |
| 2022 | 82,663 mi | $12,879 | +$2,116 | +14.11% | 58.16% | 41.84% |
| 2023 | 94,472 mi | $11,986 | +$893 | +6.93% | 54.13% | 45.87% |
| 2024 | 106,281 mi | $9,999 | +$1,987 | +16.58% | 45.15% | 54.85% |
| 2025 | 118,090 mi | $9,634 | +$365 | +3.65% | 43.5% | 56.5% |
| 2026 | 129,899 mi | $8,600 | +$1,034 | +10.73% | 38.83% | 61.17% |
| 2027 | 141,708 mi | $7,784 | +$816 | +9.49% | 35.15% | 64.85% |
| 2028 | 153,517 mi | $6,995 | +$789 | +10.14% | 31.59% | 68.41% |
| 2029 | 165,326 mi | $6,400 | +$595 | +8.51% | 28.9% | 71.1% |
| 2030 | 177,135 mi | $5,317 | +$1,083 | +16.92% | 24.01% | 75.99% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the KIA FORTE’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 2016 KIA FORTE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 KIA FORTE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 10,000 mi | $16,998 | 11 sales |
| 15,000 mi | $14,952 | 21 sales |
| 20,000 mi | $14,999 | 37 sales |
| 25,000 mi | $14,488 | 47 sales |
| 30,000 mi | $14,428 | 53 sales |
| 35,000 mi | $13,998 | 55 sales |
| 40,000 mi | $13,748 | 105 sales |
| 45,000 mi | $13,876 | 112 sales |
| 50,000 mi | $13,988 | 173 sales |
| 55,000 mi | $13,386 | 207 sales |
| 60,000 mi | $12,957 | 256 sales |
| 65,000 mi | $12,492 | 262 sales |
| 70,000 mi | $12,495 | 297 sales |
| 75,000 mi | $11,977 | 325 sales |
| 80,000 mi | $11,640 | 357 sales |
| 85,000 mi | $11,500 | 338 sales |
| 90,000 mi | $10,981 | 313 sales |
| 95,000 mi | $10,500 | 319 sales |
| 100,000 mi | $10,129 | 333 sales |
| 105,000 mi | $9,990 | 237 sales |
| 110,000 mi | $9,402 | 213 sales |
| 115,000 mi | $9,481 | 185 sales |
| 120,000 mi | $9,284 | 170 sales |
| 125,000 mi | $8,990 | 109 sales |
| 130,000 mi | $7,991 | 67 sales |
| 135,000 mi | $8,548 | 60 sales |
| 140,000 mi | $8,394 | 56 sales |
| 145,000 mi | $7,388 | 36 sales |
| 150,000 mi | $7,491 | 43 sales |
| 155,000 mi | $7,200 | 25 sales |
| 160,000 mi | $6,988 | 22 sales |
| 175,000 mi | $6,436 | 15 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 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.
Aftermarket modifications can affect the depreciation of 2016 KIA FORTE either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
To minimize depreciation costs, consider purchasing a model known for retaining its value or opting for a slightly used vehicle that has already undergone initial depreciation.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
Other years of KIA FORTE
2011 KIA FORTE
$6,400 average used price
7,700+ sales records
2014 KIA FORTE
$8,600 average used price
26,700+ sales records
2018 KIA FORTE
$12,879 average used price
80,900+ sales records
2020 KIA FORTE
$16,199 average used price
95,400+ sales records
2023 KIA FORTE
$19,888 average used price
3,800+ sales records
2024 KIA FORTE
$21,710 average used price
12,700+ sales records
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2016 KIA FORTE on BADVIN
