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2016 VOLVO S60
Depreciation & Resale Value


The depreciation graph and accompanying table on our page detail how the 2016 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) 2016 VOLVO S60 in 2016 was $40,505.
The average price for used 2016 VOLVO S60 nowadays in 2024 is $14,795 which is 37% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2016 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 2016 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.
YearAverage MileageAverage Price% Left% Lost
2016 MSRP0 mi$40,505100%0%
201610,146 mi$43,500−$2,995−7.39%107.39%-7.39%
201720,292 mi$36,000+$7,500+17.24%88.88%11.12%
201830,438 mi$31,250+$4,750+13.19%77.15%22.85%
201940,584 mi$28,900+$2,350+7.52%71.35%28.65%
202050,730 mi$25,900+$3,000+10.38%63.94%36.06%
202160,876 mi$23,998+$1,902+7.34%59.25%40.75%
202271,022 mi$18,995+$5,003+20.85%46.9%53.1%
202381,168 mi$16,995+$2,000+10.53%41.96%58.04%
202491,314 mi$14,795+$2,200+12.94%36.53%63.47%
2025101,460 mi$12,988+$1,807+12.21%32.07%67.93%
2026111,606 mi$10,995+$1,993+15.34%27.14%72.86%
2027121,752 mi$9,998+$997+9.07%24.68%75.32%
2028131,898 mi$8,538+$1,460+14.6%21.08%78.92%
2029142,044 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 2016 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2016 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
5,000 mi$36,99034 sales
10,000 mi$23,99035 sales
15,000 mi$22,24242 sales
20,000 mi$20,999109 sales
25,000 mi$22,590261 sales
30,000 mi$22,500316 sales
35,000 mi$20,999478 sales
40,000 mi$20,990484 sales
45,000 mi$20,590564 sales
50,000 mi$19,990564 sales
55,000 mi$19,990588 sales
60,000 mi$18,998421 sales
65,000 mi$18,990500 sales
70,000 mi$18,990440 sales
75,000 mi$17,990347 sales
80,000 mi$17,881308 sales
85,000 mi$16,988227 sales
90,000 mi$15,000176 sales
95,000 mi$16,499286 sales
100,000 mi$16,990217 sales
105,000 mi$13,998105 sales
110,000 mi$13,99563 sales
115,000 mi$13,99559 sales
120,000 mi$12,50067 sales
125,000 mi$12,94634 sales
130,000 mi$11,96038 sales
135,000 mi$12,97737 sales
140,000 mi$13,99511 sales
Frequently asked questions
Proper maintenance and good condition can slow the depreciation of a 2016 VOLVO S60 by making it more attractive to potential buyers, thereby preserving more of its value.
Depreciation directly affects the resale value of a 2016 VOLVO S60, with faster depreciating vehicles typically having lower resale values over time.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
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.
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.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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 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.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of VOLVO S60
2001 VOLVO S60
$3,799 average used price
590+ sales records
2004 VOLVO S60
$4,999 average used price
2,000+ sales records
2007 VOLVO S60
$6,000 average used price
2,100+ sales records
2011 VOLVO S60
$8,769 average used price
1,900+ sales records
2015 VOLVO S60
$12,988 average used price
18,400+ sales records
2023 VOLVO S60
$36,000 average used price
200+ sales records
Similar Models
2013 VOLVO C70
$44,100 MSRP
$15,000 average used price
6,300+ sales records
2014 VOLVO XC90
$59,325 MSRP
$11,243 average used price
4,900+ sales records
2017 VOLVO XC60
$47,630 MSRP
$17,988 average used price
25,100+ sales records
2017 VOLVO S90
$58,940 MSRP
$20,000 average used price
10,600+ sales records
2018 VOLVO S90
$58,940 MSRP
$22,959 average used price
25,400+ sales records
2019 VOLVO S90
$58,940 MSRP
$26,344 average used price
5,400+ sales records
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