Depreciation
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.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2016 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2016 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2017 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2018 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2019 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2020 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2021 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2022 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2023 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2024 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2025 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2026 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2027 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2028 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2029 | 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 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.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $36,990 | 34 sales |
| 10,000 mi | $23,990 | 35 sales |
| 15,000 mi | $22,242 | 42 sales |
| 20,000 mi | $20,999 | 109 sales |
| 25,000 mi | $22,590 | 261 sales |
| 30,000 mi | $22,500 | 316 sales |
| 35,000 mi | $20,999 | 478 sales |
| 40,000 mi | $20,990 | 484 sales |
| 45,000 mi | $20,590 | 564 sales |
| 50,000 mi | $19,990 | 564 sales |
| 55,000 mi | $19,990 | 588 sales |
| 60,000 mi | $18,998 | 421 sales |
| 65,000 mi | $18,990 | 500 sales |
| 70,000 mi | $18,990 | 440 sales |
| 75,000 mi | $17,990 | 347 sales |
| 80,000 mi | $17,881 | 308 sales |
| 85,000 mi | $16,988 | 227 sales |
| 90,000 mi | $15,000 | 176 sales |
| 95,000 mi | $16,499 | 286 sales |
| 100,000 mi | $16,990 | 217 sales |
| 105,000 mi | $13,998 | 105 sales |
| 110,000 mi | $13,995 | 63 sales |
| 115,000 mi | $13,995 | 59 sales |
| 120,000 mi | $12,500 | 67 sales |
| 125,000 mi | $12,946 | 34 sales |
| 130,000 mi | $11,960 | 38 sales |
| 135,000 mi | $12,977 | 37 sales |
| 140,000 mi | $13,995 | 11 sales |
Frequently asked questions
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.
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.
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 economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
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 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.
The expected depreciation of a vehicle after three years can vary, but generally, cars lose a significant portion of their value within the first few years.
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
2009 VOLVO S60
$6,443 average used price
1,300+ sales records
2013 VOLVO S60
$9,998 average used price
15,100+ sales records
2014 VOLVO S60
$10,995 average used price
9,500+ sales records
2017 VOLVO S60
$16,995 average used price
13,500+ sales records
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