Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 TOYOTA HIGHLANDER'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) 2023 TOYOTA HIGHLANDER in 2023 was $41,405.
The average price for used 2023 TOYOTA HIGHLANDER nowadays in 2024 is $39,900 which is 96% from the original price.
Estimated mileage driven per year is 11,461 miles.
The graph below is a depreciation curve for 2023 TOYOTA HIGHLANDER. 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 2023 TOYOTA HIGHLANDER 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 | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $41,405 | — | — | 100% | 0% |
| 2023 | 11,461 mi | $47,195 | −$5,790 | −13.98% | 113.98% | -13.98% |
| 2024 | 22,922 mi | $39,900 | +$7,295 | +15.46% | 96.37% | 3.63% |
| 2025 | 34,383 mi | $37,499 | +$2,401 | +6.02% | 90.57% | 9.43% |
| 2026 | 45,844 mi | $35,508 | +$1,991 | +5.31% | 85.76% | 14.24% |
| 2027 | 57,305 mi | $33,452 | +$2,056 | +5.79% | 80.79% | 19.21% |
| 2028 | 68,766 mi | $29,355 | +$4,097 | +12.25% | 70.9% | 29.1% |
| 2029 | 80,227 mi | $26,998 | +$2,357 | +8.03% | 65.2% | 34.8% |
| 2030 | 91,688 mi | $24,990 | +$2,008 | +7.44% | 60.36% | 39.64% |
| 2031 | 103,149 mi | $21,996 | +$2,994 | +11.98% | 53.12% | 46.88% |
| 2032 | 114,610 mi | $19,999 | +$1,997 | +9.08% | 48.3% | 51.7% |
| 2033 | 126,071 mi | $18,971 | +$1,028 | +5.14% | 45.82% | 54.18% |
| 2034 | 137,532 mi | $15,995 | +$2,976 | +15.69% | 38.63% | 61.37% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA HIGHLANDER’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 2023 TOYOTA HIGHLANDER. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA HIGHLANDER by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $41,993 | 52 sales |
| 5,000 mi | $42,499 | 279 sales |
| 10,000 mi | $41,893 | 386 sales |
| 15,000 mi | $39,678 | 290 sales |
| 20,000 mi | $38,995 | 279 sales |
| 25,000 mi | $37,521 | 192 sales |
| 30,000 mi | $37,399 | 135 sales |
| 35,000 mi | $38,000 | 78 sales |
| 40,000 mi | $37,750 | 25 sales |
| 45,000 mi | $37,898 | 14 sales |
Frequently asked questions
Aftermarket modifications can affect the depreciation of 2023 TOYOTA HIGHLANDER 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 2023 TOYOTA HIGHLANDER, with faster depreciating vehicles typically having lower resale values over time.
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.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
Other years of TOYOTA HIGHLANDER
2004 TOYOTA HIGHLANDER
$6,900 average used price
9,000+ sales records
2006 TOYOTA HIGHLANDER
$6,999 average used price
13,900+ sales records
2010 TOYOTA HIGHLANDER
$11,895 average used price
22,000+ sales records
2012 TOYOTA HIGHLANDER
$14,400 average used price
43,300+ sales records
2022 TOYOTA HIGHLANDER
$37,499 average used price
82,900+ sales records
2024 TOYOTA HIGHLANDER
$47,195 average used price
2,400+ sales records
Similar Models
2023 TOYOTA PRIUS
$26,860 MSRP
$32,719 average used price
620+ sales records
2023 TOYOTA COROLLA
$21,900 MSRP
$21,997 average used price
5,100+ sales records
2023 TOYOTA CAMRY
$27,765 MSRP
$25,949 average used price
8,200+ sales records
2023 TOYOTA 4RUNNER
$41,860 MSRP
$42,595 average used price
3,400+ sales records
2024 TOYOTA COROLLA CROSS
$27,165 MSRP
$30,999 average used price
1,800+ sales records
2024 TOYOTA OTHER
$45,975 MSRP
$44,405 average used price
450+ sales records
2023 TOYOTA HIGHLANDER on BADVIN
