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corolla

2016 TOYOTA COROLLA
Depreciation & Resale Value

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.
YearAverage MileageAverage Price% Left% Lost
2016 MSRP0 mi$21,900100%0%
20169,706 mi$23,998−$2,098−9.58%109.58%-9.58%
201719,412 mi$21,997+$2,001+8.34%100.44%-0.44%
201829,118 mi$20,988+$1,009+4.59%95.84%4.16%
201938,824 mi$19,995+$993+4.73%91.3%8.7%
202048,530 mi$18,800+$1,195+5.98%85.84%14.16%
202158,236 mi$17,598+$1,202+6.39%80.36%19.64%
202267,942 mi$16,042+$1,556+8.84%73.25%26.75%
202377,648 mi$15,477+$565+3.52%70.67%29.33%
202487,354 mi$14,499+$978+6.32%66.21%33.79%
202597,060 mi$13,900+$599+4.13%63.47%36.53%
2026106,766 mi$12,995+$905+6.51%59.34%40.66%
2027116,472 mi$11,516+$1,479+11.38%52.58%47.42%
2028126,178 mi$10,992+$524+4.55%50.19%49.81%
2029135,884 mi$9,600+$1,392+12.66%43.84%56.16%
2030145,590 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.
MileageAverage PriceSample Size
5,000 mi$19,49820 sales
10,000 mi$19,79924 sales
15,000 mi$18,99837 sales
20,000 mi$17,85150 sales
25,000 mi$17,90085 sales
30,000 mi$17,500100 sales
35,000 mi$17,000146 sales
40,000 mi$16,995163 sales
45,000 mi$16,495185 sales
50,000 mi$16,613210 sales
55,000 mi$15,997231 sales
60,000 mi$15,986315 sales
65,000 mi$15,745335 sales
70,000 mi$15,318354 sales
75,000 mi$15,000370 sales
80,000 mi$14,981383 sales
85,000 mi$14,850329 sales
90,000 mi$14,500319 sales
95,000 mi$13,900338 sales
100,000 mi$13,593287 sales
105,000 mi$13,500273 sales
110,000 mi$13,015235 sales
115,000 mi$12,769201 sales
120,000 mi$12,569177 sales
125,000 mi$12,187131 sales
130,000 mi$11,800121 sales
135,000 mi$11,200123 sales
140,000 mi$11,50478 sales
145,000 mi$10,49571 sales
150,000 mi$10,90153 sales
155,000 mi$9,98843 sales
160,000 mi$9,98055 sales
165,000 mi$9,99026 sales
170,000 mi$9,76828 sales
175,000 mi$9,59921 sales
180,000 mi$9,09922 sales
185,000 mi$9,88713 sales
190,000 mi$9,40120 sales
195,000 mi$8,98818 sales
200,000 mi$9,29912 sales
Frequently asked questions
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
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.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
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.
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.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Other years of TOYOTA COROLLA
corolla
1999 TOYOTA COROLLA
$4,995 average used price
2,500+ sales records
corolla
2006 TOYOTA COROLLA
$6,435 average used price
15,500+ sales records
corolla
2010 TOYOTA COROLLA
$8,990 average used price
60,300+ sales records
corolla
2011 TOYOTA COROLLA
$9,600 average used price
37,400+ sales records
corolla
2012 TOYOTA COROLLA
$10,992 average used price
36,000+ sales records
corolla
2021 TOYOTA COROLLA
$19,995 average used price
222,300+ sales records
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2016 TOYOTA COROLLA on BADVIN
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