Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 TOYOTA RAV4'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 RAV4 in 2023 was $30,710.
The average price for used 2023 TOYOTA RAV4 nowadays in 2024 is $30,999 which is 101% from the original price.
Estimated mileage driven per year is 10,177 miles.
The graph below is a depreciation curve for 2023 TOYOTA RAV4. 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 RAV4 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 | $30,710 | — | — | 100% | 0% |
| 2023 | 10,177 mi | $35,784 | −$5,074 | −16.52% | 116.52% | -16.52% |
| 2024 | 20,354 mi | $30,999 | +$4,785 | +13.37% | 100.94% | -0.94% |
| 2025 | 30,531 mi | $29,739 | +$1,260 | +4.06% | 96.84% | 3.16% |
| 2026 | 40,708 mi | $27,682 | +$2,057 | +6.92% | 90.14% | 9.86% |
| 2027 | 50,885 mi | $26,863 | +$819 | +2.96% | 87.47% | 12.53% |
| 2028 | 61,062 mi | $25,550 | +$1,313 | +4.89% | 83.2% | 16.8% |
| 2029 | 71,239 mi | $21,231 | +$4,319 | +16.9% | 69.13% | 30.87% |
| 2030 | 81,416 mi | $19,995 | +$1,236 | +5.82% | 65.11% | 34.89% |
| 2031 | 91,593 mi | $18,795 | +$1,200 | +6% | 61.2% | 38.8% |
| 2032 | 101,770 mi | $16,980 | +$1,815 | +9.66% | 55.29% | 44.71% |
| 2033 | 111,947 mi | $15,955 | +$1,025 | +6.04% | 51.95% | 48.05% |
| 2034 | 122,124 mi | $14,599 | +$1,356 | +8.5% | 47.54% | 52.46% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the TOYOTA RAV4’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 RAV4. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 TOYOTA RAV4 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $36,745 | 78 sales |
| 5,000 mi | $34,642 | 445 sales |
| 10,000 mi | $32,995 | 603 sales |
| 15,000 mi | $28,991 | 593 sales |
| 20,000 mi | $29,626 | 470 sales |
| 25,000 mi | $30,000 | 535 sales |
| 30,000 mi | $30,305 | 344 sales |
| 35,000 mi | $29,985 | 142 sales |
| 40,000 mi | $28,314 | 56 sales |
| 45,000 mi | $29,280 | 19 sales |
Frequently asked questions
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Aftermarket modifications can affect the depreciation of 2023 TOYOTA RAV4 either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
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.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Depreciation directly affects the resale value of a 2023 TOYOTA RAV4, with faster depreciating vehicles typically having lower resale values over time.
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.
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.
Other years of TOYOTA RAV4
2002 TOYOTA RAV4
$6,000 average used price
3,800+ sales records
2004 TOYOTA RAV4
$6,470 average used price
5,000+ sales records
2011 TOYOTA RAV4
$10,991 average used price
40,000+ sales records
2015 TOYOTA RAV4
$16,980 average used price
96,000+ sales records
2016 TOYOTA RAV4
$18,795 average used price
114,800+ sales records
2024 TOYOTA RAV4
$35,784 average used price
7,800+ sales records
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