Depreciation
The depreciation graph and accompanying table on our page detail how the 2011 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) 2011 VOLVO S60 in 2011 was $40,505.
The average price for used 2011 VOLVO S60 nowadays in 2024 is $8,769 which is 22% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2011 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 2011 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 | ||
|---|---|---|---|---|---|---|
| 2011 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2011 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2012 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2013 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2014 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2015 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2016 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2017 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2018 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2019 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2020 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2021 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2022 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2023 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2024 | 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 2011 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2011 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 | $13,196 | 10 sales |
| 45,000 mi | $17,990 | 34 sales |
| 50,000 mi | $17,990 | 57 sales |
| 55,000 mi | $17,590 | 189 sales |
| 60,000 mi | $12,990 | 27 sales |
| 65,000 mi | $12,599 | 29 sales |
| 70,000 mi | $12,800 | 41 sales |
| 75,000 mi | $16,990 | 89 sales |
| 80,000 mi | $11,990 | 68 sales |
| 85,000 mi | $12,400 | 228 sales |
| 90,000 mi | $14,590 | 207 sales |
| 95,000 mi | $11,300 | 100 sales |
| 100,000 mi | $11,590 | 143 sales |
| 105,000 mi | $9,749 | 65 sales |
| 110,000 mi | $10,497 | 54 sales |
| 115,000 mi | $8,995 | 37 sales |
| 120,000 mi | $9,995 | 42 sales |
| 125,000 mi | $8,995 | 43 sales |
| 130,000 mi | $8,982 | 44 sales |
| 135,000 mi | $8,450 | 37 sales |
| 140,000 mi | $9,788 | 26 sales |
| 145,000 mi | $9,220 | 27 sales |
| 155,000 mi | $7,974 | 20 sales |
| 170,000 mi | $7,495 | 12 sales |
Frequently asked questions
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Proper maintenance and good condition can slow the depreciation of a 2011 VOLVO S60 by making it more attractive to potential buyers, thereby preserving more of its value.
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.
A CPO vehicle offers the reliability of a new car at a lower price, backed by a comprehensive warranty, making it a great option for those seeking value and peace of mind.
Other years of VOLVO S60
2001 VOLVO S60
$3,799 average used price
590+ sales records
2006 VOLVO S60
$5,225 average used price
2,200+ sales records
2016 VOLVO S60
$14,795 average used price
11,600+ sales records
2020 VOLVO S60
$25,900 average used price
21,200+ sales records
2021 VOLVO S60
$28,900 average used price
12,700+ sales records
2023 VOLVO S60
$36,000 average used price
200+ sales records
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2011 VOLVO S60 on BADVIN
