Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 PORSCHE CAYENNE'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 PORSCHE CAYENNE in 2024 was $83,440.
The average price for used 2024 PORSCHE CAYENNE nowadays in 2024 is $90,098 which is 108% from the original price.
Estimated mileage driven per year is 9,346 miles.
The graph below is a depreciation curve for 2024 PORSCHE CAYENNE. 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 PORSCHE CAYENNE 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 | $83,440 | — | — | 100% | 0% |
| 2024 | 9,346 mi | $90,098 | −$6,658 | −7.98% | 107.98% | -7.98% |
| 2025 | 18,692 mi | $82,906 | +$7,192 | +7.98% | 99.36% | 0.64% |
| 2026 | 28,038 mi | $79,900 | +$3,006 | +3.63% | 95.76% | 4.24% |
| 2027 | 37,384 mi | $64,677 | +$15,223 | +19.05% | 77.51% | 22.49% |
| 2028 | 46,730 mi | $54,988 | +$9,689 | +14.98% | 65.9% | 34.1% |
| 2029 | 56,076 mi | $46,990 | +$7,998 | +14.54% | 56.32% | 43.68% |
| 2030 | 65,422 mi | $35,788 | +$11,202 | +23.84% | 42.89% | 57.11% |
| 2031 | 74,768 mi | $31,989 | +$3,799 | +10.62% | 38.34% | 61.66% |
| 2032 | 84,114 mi | $25,998 | +$5,991 | +18.73% | 31.16% | 68.84% |
| 2033 | 93,460 mi | $26,998 | −$1,000 | −3.85% | 32.36% | 67.64% |
| 2034 | 102,806 mi | $21,900 | +$5,098 | +18.88% | 26.25% | 73.75% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the PORSCHE CAYENNE’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 PORSCHE CAYENNE. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 PORSCHE CAYENNE by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $96,994 | 144 sales |
| 5,000 mi | $89,999 | 607 sales |
| 10,000 mi | $89,446 | 198 sales |
| 15,000 mi | $89,900 | 28 sales |
Frequently asked questions
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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.
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.
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.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Other years of PORSCHE CAYENNE
2008 PORSCHE CAYENNE
$11,500 average used price
4,300+ sales records
2015 PORSCHE CAYENNE
$26,998 average used price
6,700+ sales records
2018 PORSCHE CAYENNE
$35,788 average used price
16,800+ sales records
2020 PORSCHE CAYENNE
$54,988 average used price
33,100+ sales records
2021 PORSCHE CAYENNE
$64,677 average used price
21,900+ sales records
2023 PORSCHE CAYENNE
$82,906 average used price
1,800+ sales records
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2024 PORSCHE CAYENNE on BADVIN
