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corolla

2024 TOYOTA COROLLA
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2024 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) 2024 TOYOTA COROLLA in 2024 was $21,900.
The average price for used 2024 TOYOTA COROLLA nowadays in 2024 is $23,998 which is 110% from the original price.
Estimated mileage driven per year is 9,706 miles.
The graph below is a depreciation curve for 2024 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 2024 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
2024 MSRP0 mi$21,900100%0%
20249,706 mi$23,998−$2,098−9.58%109.58%-9.58%
202519,412 mi$21,997+$2,001+8.34%100.44%-0.44%
202629,118 mi$20,988+$1,009+4.59%95.84%4.16%
202738,824 mi$19,995+$993+4.73%91.3%8.7%
202848,530 mi$18,800+$1,195+5.98%85.84%14.16%
202958,236 mi$17,598+$1,202+6.39%80.36%19.64%
203067,942 mi$16,042+$1,556+8.84%73.25%26.75%
203177,648 mi$15,477+$565+3.52%70.67%29.33%
203287,354 mi$14,499+$978+6.32%66.21%33.79%
203397,060 mi$13,900+$599+4.13%63.47%36.53%
2034106,766 mi$12,995+$905+6.51%59.34%40.66%

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 2024 TOYOTA COROLLA. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 TOYOTA COROLLA by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$24,968393 sales
5,000 mi$24,496658 sales
10,000 mi$23,471268 sales
15,000 mi$22,900163 sales
20,000 mi$21,99987 sales
25,000 mi$22,72525 sales
Frequently asked questions
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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.
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.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Aftermarket modifications can affect the depreciation of 2024 TOYOTA COROLLA either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Depreciation directly affects the resale value of a 2024 TOYOTA COROLLA, with faster depreciating vehicles typically having lower resale values over time.
Other years of TOYOTA COROLLA
corolla
2005 TOYOTA COROLLA
$6,273 average used price
14,800+ sales records
corolla
2007 TOYOTA COROLLA
$6,869 average used price
16,100+ sales records
corolla
2009 TOYOTA COROLLA
$7,995 average used price
38,800+ sales records
corolla
2013 TOYOTA COROLLA
$11,516 average used price
62,800+ sales records
corolla
2016 TOYOTA COROLLA
$14,499 average used price
141,300+ sales records
corolla
2017 TOYOTA COROLLA
$15,477 average used price
176,000+ sales records
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2024 TOYOTA COROLLA on BADVIN
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