Depreciation
The depreciation graph and accompanying table on our page detail how the 2008 TOYOTA MATRIX'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) 2008 TOYOTA MATRIX in 2008 was $9,490.
The average price for used 2008 TOYOTA MATRIX nowadays in 2024 is $7,523 which is 79% from the original price.
Estimated mileage driven per year is 10,721 miles.
The graph below is a depreciation curve for 2008 TOYOTA MATRIX. 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 2008 TOYOTA MATRIX 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 | ||
|---|---|---|---|---|---|---|
| 2008 MSRP | 0 mi | $9,490 | — | — | 100% | 0% |
| 2019 | 128,652 mi | $11,995 | +$0 | +0% | 126.4% | -26.4% |
| 2020 | 139,373 mi | $11,400 | +$595 | +4.96% | 120.13% | -20.13% |
| 2021 | 150,094 mi | $7,694 | +$3,706 | +32.51% | 81.07% | 18.93% |
| 2022 | 160,815 mi | $8,570 | −$876 | −11.39% | 90.31% | 9.69% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA MATRIX’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 2008 TOYOTA MATRIX. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2008 TOYOTA MATRIX by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 50,000 mi | $10,445 | 14 sales |
| 55,000 mi | $8,988 | 16 sales |
| 60,000 mi | $9,384 | 16 sales |
| 65,000 mi | $8,943 | 38 sales |
| 70,000 mi | $9,981 | 35 sales |
| 75,000 mi | $9,900 | 37 sales |
| 80,000 mi | $7,777 | 41 sales |
| 85,000 mi | $8,863 | 47 sales |
| 90,000 mi | $7,995 | 66 sales |
| 95,000 mi | $8,500 | 68 sales |
| 100,000 mi | $7,800 | 47 sales |
| 105,000 mi | $6,993 | 68 sales |
| 110,000 mi | $6,999 | 63 sales |
| 115,000 mi | $6,991 | 74 sales |
| 120,000 mi | $6,997 | 64 sales |
| 125,000 mi | $6,995 | 91 sales |
| 130,000 mi | $6,904 | 58 sales |
| 135,000 mi | $5,995 | 70 sales |
| 140,000 mi | $5,925 | 58 sales |
| 145,000 mi | $5,500 | 57 sales |
| 150,000 mi | $6,977 | 45 sales |
| 155,000 mi | $6,498 | 49 sales |
| 160,000 mi | $5,980 | 59 sales |
| 165,000 mi | $5,000 | 43 sales |
| 170,000 mi | $5,650 | 22 sales |
| 175,000 mi | $5,000 | 33 sales |
| 180,000 mi | $4,995 | 29 sales |
| 185,000 mi | $5,994 | 18 sales |
| 190,000 mi | $5,773 | 34 sales |
| 195,000 mi | $5,945 | 16 sales |
| 200,000 mi | $3,972 | 14 sales |
| 205,000 mi | $4,300 | 24 sales |
| 210,000 mi | $4,892 | 12 sales |
| 215,000 mi | $5,499 | 14 sales |
| 220,000 mi | $3,995 | 22 sales |
Frequently asked questions
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 2008 TOYOTA MATRIX either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
Other years of TOYOTA MATRIX
2003 TOYOTA MATRIX
$5,298 average used price
3,000+ sales records
2004 TOYOTA MATRIX
$5,950 average used price
2,700+ sales records
2005 TOYOTA MATRIX
$6,388 average used price
3,900+ sales records
2007 TOYOTA MATRIX
$6,995 average used price
3,100+ sales records
2010 TOYOTA MATRIX
$8,570 average used price
4,600+ sales records
2013 TOYOTA MATRIX
$11,995 average used price
590+ sales records
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2008 TOYOTA MATRIX on BADVIN
