Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 TOYOTA PRIUS'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 PRIUS in 2024 was $26,860.
The average price for used 2024 TOYOTA PRIUS nowadays in 2024 is $36,998 which is 138% from the original price.
Estimated mileage driven per year is 11,146 miles.
The graph below is a depreciation curve for 2024 TOYOTA PRIUS. 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 PRIUS 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 | $26,860 | — | — | 100% | 0% |
| 2024 | 11,146 mi | $36,998 | −$10,138 | −37.74% | 137.74% | -37.74% |
| 2025 | 22,292 mi | $32,719 | +$4,279 | +11.57% | 121.81% | -21.81% |
| 2026 | 33,438 mi | $24,998 | +$7,721 | +23.6% | 93.07% | 6.93% |
| 2027 | 44,584 mi | $25,500 | −$502 | −2.01% | 94.94% | 5.06% |
| 2028 | 55,730 mi | $24,977 | +$523 | +2.05% | 92.99% | 7.01% |
| 2029 | 66,876 mi | $22,998 | +$1,979 | +7.92% | 85.62% | 14.38% |
| 2030 | 78,022 mi | $21,762 | +$1,236 | +5.37% | 81.02% | 18.98% |
| 2031 | 89,168 mi | $19,772 | +$1,990 | +9.14% | 73.61% | 26.39% |
| 2032 | 100,314 mi | $17,961 | +$1,811 | +9.16% | 66.87% | 33.13% |
| 2033 | 111,460 mi | $14,995 | +$2,966 | +16.51% | 55.83% | 44.17% |
| 2034 | 122,606 mi | $13,399 | +$1,596 | +10.64% | 49.88% | 50.12% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA PRIUS’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 PRIUS. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 TOYOTA PRIUS by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $39,435 | 58 sales |
| 5,000 mi | $37,147 | 80 sales |
| 10,000 mi | $36,495 | 28 sales |
Frequently asked questions
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
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.
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.
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.
Mileage is considered a major factor in the depreciation of vehicles because it directly correlates with the amount of use and potential wear and tear the vehicle has undergone.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
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.
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 market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Other years of TOYOTA PRIUS
2004 TOYOTA PRIUS
$4,999 average used price
2,900+ sales records
2008 TOYOTA PRIUS
$7,000 average used price
19,600+ sales records
2013 TOYOTA PRIUS
$12,000 average used price
51,400+ sales records
2017 TOYOTA PRIUS
$19,772 average used price
63,900+ sales records
2019 TOYOTA PRIUS
$22,998 average used price
40,400+ sales records
2022 TOYOTA PRIUS
$24,998 average used price
19,200+ sales records
Similar Models
2023 TOYOTA COROLLA
$21,900 MSRP
$21,997 average used price
5,100+ sales records
2023 TOYOTA COROLLA CROSS
$27,165 MSRP
$26,992 average used price
960+ sales records
2023 TOYOTA MIRAI
$52,529 MSRP
$18,949 average used price
50+ sales records
2023 TOYOTA OTHER
$45,975 MSRP
$39,500 average used price
620+ sales records
2024 TOYOTA TACOMA
$37,100 MSRP
$46,893 average used price
4,100+ sales records
2024 TOYOTA OTHER
$45,975 MSRP
$44,405 average used price
450+ sales records
