Depreciation
The depreciation graph and accompanying table on our page detail how the 2003 VOLVO S60'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) 2003 VOLVO S60 in 2003 was $40,505.
The average price for used 2003 VOLVO S60 nowadays in 2024 is $4,200 which is 10% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2003 VOLVO S60. 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 2003 VOLVO S60 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 | ||
|---|---|---|---|---|---|---|
| 2003 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2003 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2004 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2005 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2006 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2007 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2008 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2009 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2010 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2011 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2012 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2013 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2014 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2015 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2016 | 142,044 mi | $8,769 | −$231 | −2.71% | 21.65% | 78.35% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO S60’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 2003 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2003 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 85,000 mi | $5,995 | 15 sales |
| 90,000 mi | $5,588 | 19 sales |
| 95,000 mi | $3,800 | 11 sales |
| 100,000 mi | $4,723 | 15 sales |
| 105,000 mi | $5,748 | 14 sales |
| 110,000 mi | $5,493 | 12 sales |
| 115,000 mi | $2,999 | 12 sales |
| 120,000 mi | $3,994 | 17 sales |
| 125,000 mi | $4,495 | 13 sales |
| 130,000 mi | $4,100 | 25 sales |
| 135,000 mi | $3,896 | 16 sales |
| 140,000 mi | $3,513 | 12 sales |
| 145,000 mi | $4,058 | 14 sales |
| 150,000 mi | $2,900 | 25 sales |
| 155,000 mi | $3,878 | 14 sales |
| 160,000 mi | $3,267 | 18 sales |
| 165,000 mi | $3,000 | 15 sales |
| 170,000 mi | $2,995 | 13 sales |
| 195,000 mi | $2,770 | 12 sales |
Frequently asked questions
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
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.
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.
Proper maintenance and good condition can slow the depreciation of a 2003 VOLVO S60 by making it more attractive to potential buyers, thereby preserving more of its value.
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 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.
Other years of VOLVO S60
2002 VOLVO S60
$4,999 average used price
980+ sales records
2005 VOLVO S60
$5,195 average used price
1,400+ sales records
2009 VOLVO S60
$6,443 average used price
1,300+ sales records
2012 VOLVO S60
$8,538 average used price
16,800+ sales records
2015 VOLVO S60
$12,988 average used price
18,400+ sales records
2022 VOLVO S60
$31,250 average used price
4,200+ sales records
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