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.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $21,900 | — | — | 100% | 0% |
| 2024 | 9,706 mi | $23,998 | −$2,098 | −9.58% | 109.58% | -9.58% |
| 2025 | 19,412 mi | $21,997 | +$2,001 | +8.34% | 100.44% | -0.44% |
| 2026 | 29,118 mi | $20,988 | +$1,009 | +4.59% | 95.84% | 4.16% |
| 2027 | 38,824 mi | $19,995 | +$993 | +4.73% | 91.3% | 8.7% |
| 2028 | 48,530 mi | $18,800 | +$1,195 | +5.98% | 85.84% | 14.16% |
| 2029 | 58,236 mi | $17,598 | +$1,202 | +6.39% | 80.36% | 19.64% |
| 2030 | 67,942 mi | $16,042 | +$1,556 | +8.84% | 73.25% | 26.75% |
| 2031 | 77,648 mi | $15,477 | +$565 | +3.52% | 70.67% | 29.33% |
| 2032 | 87,354 mi | $14,499 | +$978 | +6.32% | 66.21% | 33.79% |
| 2033 | 97,060 mi | $13,900 | +$599 | +4.13% | 63.47% | 36.53% |
| 2034 | 106,766 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.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $24,968 | 393 sales |
| 5,000 mi | $24,496 | 658 sales |
| 10,000 mi | $23,471 | 268 sales |
| 15,000 mi | $22,900 | 163 sales |
| 20,000 mi | $21,999 | 87 sales |
| 25,000 mi | $22,725 | 25 sales |
Frequently asked questions
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
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.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
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.
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.
Other years of TOYOTA COROLLA
2012 TOYOTA COROLLA
$10,992 average used price
36,000+ sales records
2013 TOYOTA COROLLA
$11,516 average used price
62,800+ sales records
2014 TOYOTA COROLLA
$12,995 average used price
78,500+ 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
2018 TOYOTA COROLLA
$16,042 average used price
182,100+ sales records
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