Depreciation
The depreciation graph and accompanying table on our page detail how the 2018 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) 2018 VOLVO S60 in 2018 was $40,505.
The average price for used 2018 VOLVO S60 nowadays in 2024 is $18,995 which is 47% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2018 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 2018 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 | ||
|---|---|---|---|---|---|---|
| 2018 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2018 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2019 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2020 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2021 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2022 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2023 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2024 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2025 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2026 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2027 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2028 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2029 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2030 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
| 2031 | 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 2018 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2018 VOLVO S60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $28,990 | 24 sales |
| 5,000 mi | $28,688 | 101 sales |
| 10,000 mi | $26,990 | 334 sales |
| 15,000 mi | $26,420 | 571 sales |
| 20,000 mi | $25,989 | 795 sales |
| 25,000 mi | $25,800 | 919 sales |
| 30,000 mi | $24,975 | 939 sales |
| 35,000 mi | $25,500 | 680 sales |
| 40,000 mi | $24,745 | 523 sales |
| 45,000 mi | $22,998 | 266 sales |
| 50,000 mi | $22,900 | 285 sales |
| 55,000 mi | $22,997 | 161 sales |
| 60,000 mi | $22,990 | 97 sales |
| 65,000 mi | $19,995 | 101 sales |
| 70,000 mi | $20,999 | 95 sales |
| 75,000 mi | $18,995 | 67 sales |
| 80,000 mi | $18,998 | 59 sales |
| 85,000 mi | $19,479 | 16 sales |
| 90,000 mi | $18,402 | 33 sales |
| 95,000 mi | $17,775 | 31 sales |
| 100,000 mi | $14,999 | 11 sales |
| 105,000 mi | $15,998 | 17 sales |
| 110,000 mi | $14,995 | 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.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Technology plays a significant role in the depreciation of vehicles, as models with outdated tech depreciate faster due to lower consumer demand for older features.
Buying a used car can be a great value, especially if the vehicle is part of a Certified Pre-Owned program and has been well-maintained and lightly used.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
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.
Aftermarket modifications can affect the depreciation of 2018 VOLVO S60 either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
Other years of VOLVO S60
2013 VOLVO S60
$9,998 average used price
15,100+ sales records
2015 VOLVO S60
$12,988 average used price
18,400+ sales records
2017 VOLVO S60
$16,995 average used price
13,500+ sales records
2019 VOLVO S60
$23,998 average used price
25,400+ sales records
2020 VOLVO S60
$25,900 average used price
21,200+ sales records
2024 VOLVO S60
$43,500 average used price
650+ sales records
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