Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 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) 2022 TOYOTA COROLLA in 2022 was $21,900.
The average price for used 2022 TOYOTA COROLLA nowadays in 2024 is $20,988 which is 96% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2022 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 2022 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 | ||
|---|---|---|---|---|---|---|
| 2022 MSRP | 0 mi | $21,900 | — | — | 100% | 0% |
| 2022 | 9,706 mi | $23,998 | −$2,098 | −9.58% | 109.58% | -9.58% |
| 2023 | 19,412 mi | $21,997 | +$2,001 | +8.34% | 100.44% | -0.44% |
| 2024 | 29,118 mi | $20,988 | +$1,009 | +4.59% | 95.84% | 4.16% |
| 2025 | 38,824 mi | $19,995 | +$993 | +4.73% | 91.3% | 8.7% |
| 2026 | 48,530 mi | $18,800 | +$1,195 | +5.98% | 85.84% | 14.16% |
| 2027 | 58,236 mi | $17,598 | +$1,202 | +6.39% | 80.36% | 19.64% |
| 2028 | 67,942 mi | $16,042 | +$1,556 | +8.84% | 73.25% | 26.75% |
| 2029 | 77,648 mi | $15,477 | +$565 | +3.52% | 70.67% | 29.33% |
| 2030 | 87,354 mi | $14,499 | +$978 | +6.32% | 66.21% | 33.79% |
| 2031 | 97,060 mi | $13,900 | +$599 | +4.13% | 63.47% | 36.53% |
| 2032 | 106,766 mi | $12,995 | +$905 | +6.51% | 59.34% | 40.66% |
| 2033 | 116,472 mi | $11,516 | +$1,479 | +11.38% | 52.58% | 47.42% |
| 2034 | 126,178 mi | $10,992 | +$524 | +4.55% | 50.19% | 49.81% |
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 2022 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $21,821 | 23 sales |
| 5,000 mi | $22,808 | 237 sales |
| 10,000 mi | $22,308 | 375 sales |
| 15,000 mi | $22,325 | 579 sales |
| 20,000 mi | $21,995 | 722 sales |
| 25,000 mi | $21,785 | 696 sales |
| 30,000 mi | $20,893 | 810 sales |
| 35,000 mi | $20,911 | 631 sales |
| 40,000 mi | $20,991 | 485 sales |
| 45,000 mi | $20,251 | 297 sales |
| 50,000 mi | $19,990 | 199 sales |
| 55,000 mi | $19,490 | 221 sales |
| 60,000 mi | $19,380 | 359 sales |
| 65,000 mi | $18,992 | 259 sales |
| 70,000 mi | $18,945 | 91 sales |
| 75,000 mi | $18,950 | 35 sales |
| 80,000 mi | $19,250 | 32 sales |
| 85,000 mi | $18,437 | 46 sales |
| 90,000 mi | $18,392 | 28 sales |
| 95,000 mi | $17,872 | 16 sales |
| 100,000 mi | $16,985 | 18 sales |
| 110,000 mi | $17,490 | 12 sales |
| 115,000 mi | $15,991 | 11 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.
Depreciation directly affects the resale value of a 2022 TOYOTA COROLLA, with faster depreciating vehicles typically having lower resale values over time.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
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.
Proper maintenance and good condition can slow the depreciation of a 2022 TOYOTA COROLLA by making it more attractive to potential buyers, thereby preserving more of its value.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Aftermarket modifications can affect the depreciation of 2022 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
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.
Other years of TOYOTA COROLLA
1994 TOYOTA COROLLA
$3,999 average used price
340+ sales records
2000 TOYOTA COROLLA
$4,777 average used price
2,500+ sales records
2002 TOYOTA COROLLA
$4,990 average used price
2,900+ sales records
2010 TOYOTA COROLLA
$8,990 average used price
60,300+ sales records
2020 TOYOTA COROLLA
$18,800 average used price
366,500+ sales records
2021 TOYOTA COROLLA
$19,995 average used price
222,300+ sales records
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