Depreciation
The depreciation graph and accompanying table on our page detail how the 2006 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) 2006 VOLVO S60 in 2006 was $40,505.
The average price for used 2006 VOLVO S60 nowadays in 2024 is $5,225 which is 13% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2006 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 2006 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 | ||
|---|---|---|---|---|---|---|
| 2006 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2006 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2007 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2008 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2009 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2010 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2011 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2012 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2013 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2014 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2015 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2016 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2017 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2018 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2019 | 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 2006 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2006 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 35,000 mi | $9,494 | 16 sales |
| 45,000 mi | $9,992 | 16 sales |
| 60,000 mi | $7,995 | 28 sales |
| 65,000 mi | $6,994 | 27 sales |
| 70,000 mi | $8,373 | 10 sales |
| 75,000 mi | $6,995 | 47 sales |
| 80,000 mi | $7,783 | 32 sales |
| 85,000 mi | $6,795 | 32 sales |
| 90,000 mi | $6,500 | 55 sales |
| 95,000 mi | $5,290 | 39 sales |
| 100,000 mi | $6,888 | 64 sales |
| 105,000 mi | $5,000 | 37 sales |
| 110,000 mi | $5,500 | 82 sales |
| 115,000 mi | $5,490 | 116 sales |
| 120,000 mi | $5,585 | 77 sales |
| 125,000 mi | $4,999 | 53 sales |
| 130,000 mi | $4,875 | 50 sales |
| 135,000 mi | $4,964 | 64 sales |
| 140,000 mi | $5,244 | 52 sales |
| 145,000 mi | $4,950 | 59 sales |
| 150,000 mi | $4,601 | 70 sales |
| 155,000 mi | $4,695 | 67 sales |
| 160,000 mi | $4,999 | 61 sales |
| 165,000 mi | $3,995 | 49 sales |
| 170,000 mi | $3,999 | 19 sales |
| 175,000 mi | $4,000 | 33 sales |
| 180,000 mi | $3,995 | 25 sales |
| 185,000 mi | $4,409 | 34 sales |
| 190,000 mi | $3,932 | 20 sales |
| 195,000 mi | $4,491 | 24 sales |
| 200,000 mi | $3,500 | 36 sales |
| 205,000 mi | $2,995 | 13 sales |
| 210,000 mi | $3,995 | 13 sales |
| 215,000 mi | $3,148 | 10 sales |
Frequently asked questions
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.
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.
The average depreciation rate for vehicles over five years can vary, but many models experience a significant portion of their depreciation within the first few years of ownership.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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.
New vehicles often depreciate quickly due to rapid advancements in technology and consumer preference for the latest features, which make older models less desirable.
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.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Other years of VOLVO S60
2001 VOLVO S60
$3,799 average used price
590+ sales records
2008 VOLVO S60
$4,995 average used price
1,600+ sales records
2009 VOLVO S60
$6,443 average used price
1,300+ sales records
2018 VOLVO S60
$18,995 average used price
9,700+ sales records
2020 VOLVO S60
$25,900 average used price
21,200+ sales records
2022 VOLVO S60
$31,250 average used price
4,200+ sales records
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