Depreciation
The depreciation graph and accompanying table on our page detail how the 2016 TOYOTA COROLLA'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 TOYOTA COROLLA in 2016 was $21,900.
The average price for used 2016 TOYOTA COROLLA nowadays in 2024 is $14,499 which is 66% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2016 TOYOTA COROLLA. 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 TOYOTA COROLLA 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 | $21,900 | — | — | 100% | 0% |
| 2016 | 9,706 mi | $23,998 | −$2,098 | −9.58% | 109.58% | -9.58% |
| 2017 | 19,412 mi | $21,997 | +$2,001 | +8.34% | 100.44% | -0.44% |
| 2018 | 29,118 mi | $20,988 | +$1,009 | +4.59% | 95.84% | 4.16% |
| 2019 | 38,824 mi | $19,995 | +$993 | +4.73% | 91.3% | 8.7% |
| 2020 | 48,530 mi | $18,800 | +$1,195 | +5.98% | 85.84% | 14.16% |
| 2021 | 58,236 mi | $17,598 | +$1,202 | +6.39% | 80.36% | 19.64% |
| 2022 | 67,942 mi | $16,042 | +$1,556 | +8.84% | 73.25% | 26.75% |
| 2023 | 77,648 mi | $15,477 | +$565 | +3.52% | 70.67% | 29.33% |
| 2024 | 87,354 mi | $14,499 | +$978 | +6.32% | 66.21% | 33.79% |
| 2025 | 97,060 mi | $13,900 | +$599 | +4.13% | 63.47% | 36.53% |
| 2026 | 106,766 mi | $12,995 | +$905 | +6.51% | 59.34% | 40.66% |
| 2027 | 116,472 mi | $11,516 | +$1,479 | +11.38% | 52.58% | 47.42% |
| 2028 | 126,178 mi | $10,992 | +$524 | +4.55% | 50.19% | 49.81% |
| 2029 | 135,884 mi | $9,600 | +$1,392 | +12.66% | 43.84% | 56.16% |
| 2030 | 145,590 mi | $8,990 | +$610 | +6.35% | 41.05% | 58.95% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA COROLLA’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 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $19,498 | 20 sales |
| 10,000 mi | $19,799 | 24 sales |
| 15,000 mi | $18,998 | 37 sales |
| 20,000 mi | $17,851 | 50 sales |
| 25,000 mi | $17,900 | 85 sales |
| 30,000 mi | $17,500 | 100 sales |
| 35,000 mi | $17,000 | 146 sales |
| 40,000 mi | $16,995 | 163 sales |
| 45,000 mi | $16,495 | 185 sales |
| 50,000 mi | $16,613 | 210 sales |
| 55,000 mi | $15,997 | 231 sales |
| 60,000 mi | $15,986 | 315 sales |
| 65,000 mi | $15,745 | 335 sales |
| 70,000 mi | $15,318 | 354 sales |
| 75,000 mi | $15,000 | 370 sales |
| 80,000 mi | $14,981 | 383 sales |
| 85,000 mi | $14,850 | 329 sales |
| 90,000 mi | $14,500 | 319 sales |
| 95,000 mi | $13,900 | 338 sales |
| 100,000 mi | $13,593 | 287 sales |
| 105,000 mi | $13,500 | 273 sales |
| 110,000 mi | $13,015 | 235 sales |
| 115,000 mi | $12,769 | 201 sales |
| 120,000 mi | $12,569 | 177 sales |
| 125,000 mi | $12,187 | 131 sales |
| 130,000 mi | $11,800 | 121 sales |
| 135,000 mi | $11,200 | 123 sales |
| 140,000 mi | $11,504 | 78 sales |
| 145,000 mi | $10,495 | 71 sales |
| 150,000 mi | $10,901 | 53 sales |
| 155,000 mi | $9,988 | 43 sales |
| 160,000 mi | $9,980 | 55 sales |
| 165,000 mi | $9,990 | 26 sales |
| 170,000 mi | $9,768 | 28 sales |
| 175,000 mi | $9,599 | 21 sales |
| 180,000 mi | $9,099 | 22 sales |
| 185,000 mi | $9,887 | 13 sales |
| 190,000 mi | $9,401 | 20 sales |
| 195,000 mi | $8,988 | 18 sales |
| 200,000 mi | $9,299 | 12 sales |
Frequently asked questions
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
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.
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 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.
Depreciation directly affects the resale value of a 2016 TOYOTA COROLLA, with faster depreciating vehicles typically having lower resale values over time.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Proper maintenance and good condition can slow the depreciation of a 2016 TOYOTA COROLLA by making it more attractive to potential buyers, thereby preserving more of its value.
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.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
Aftermarket modifications can affect the depreciation of 2016 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Other years of TOYOTA COROLLA
1999 TOYOTA COROLLA
$4,995 average used price
2,500+ sales records
2008 TOYOTA COROLLA
$6,999 average used price
10,500+ sales records
2009 TOYOTA COROLLA
$7,995 average used price
38,800+ sales records
2013 TOYOTA COROLLA
$11,516 average used price
62,800+ sales records
2015 TOYOTA COROLLA
$13,900 average used price
92,000+ sales records
2017 TOYOTA COROLLA
$15,477 average used price
176,000+ sales records
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2016 TOYOTA COROLLA on BADVIN
