Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 TESLA MODEL X'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) 2023 TESLA MODEL X in 2023 was $73,994.
The average price for used 2023 TESLA MODEL X nowadays in 2024 is $80,846 which is 109% from the original price.
Estimated mileage driven per year is 9,075 miles.
The graph below is a depreciation curve for 2023 TESLA MODEL X. 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 2023 TESLA MODEL X 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 | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $73,994 | — | — | 100% | 0% |
| 2024 | 18,150 mi | $80,846 | +$0 | +0% | 109.26% | -9.26% |
| 2025 | 27,225 mi | $76,000 | +$4,846 | +5.99% | 102.71% | -2.71% |
| 2026 | 36,300 mi | $54,990 | +$21,010 | +27.64% | 74.32% | 25.68% |
| 2027 | 45,375 mi | $49,999 | +$4,991 | +9.08% | 67.57% | 32.43% |
| 2028 | 54,450 mi | $45,995 | +$4,004 | +8.01% | 62.16% | 37.84% |
| 2029 | 63,525 mi | $37,999 | +$7,996 | +17.38% | 51.35% | 48.65% |
| 2030 | 72,600 mi | $34,000 | +$3,999 | +10.52% | 45.95% | 54.05% |
| 2031 | 81,675 mi | $31,995 | +$2,005 | +5.9% | 43.24% | 56.76% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TESLA MODEL X’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 2023 TESLA MODEL X. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TESLA MODEL X by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $88,889 | 40 sales |
| 5,000 mi | $84,396 | 98 sales |
| 10,000 mi | $80,500 | 84 sales |
| 15,000 mi | $80,846 | 42 sales |
| 20,000 mi | $72,984 | 17 sales |
| 25,000 mi | $73,998 | 15 sales |
Frequently asked questions
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.
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 exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
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.
Depreciation directly affects the resale value of a 2023 TESLA MODEL X, with faster depreciating vehicles typically having lower resale values over time.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of TESLA MODEL X
2016 TESLA MODEL X
$31,995 average used price
28,700+ sales records
2017 TESLA MODEL X
$34,000 average used price
18,600+ sales records
2018 TESLA MODEL X
$37,999 average used price
20,500+ sales records
2019 TESLA MODEL X
$45,995 average used price
8,200+ sales records
2020 TESLA MODEL X
$49,999 average used price
10,200+ sales records
2021 TESLA MODEL X
$54,990 average used price
2,000+ sales records
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