Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 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) 2022 VOLVO S60 in 2022 was $40,505.
The average price for used 2022 VOLVO S60 nowadays in 2024 is $31,250 which is 77% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2022 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 2022 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 | ||
|---|---|---|---|---|---|---|
| 2022 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2022 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2023 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2024 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2025 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2026 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2027 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2028 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2029 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2030 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2031 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2032 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
| 2033 | 121,752 mi | $9,998 | +$997 | +9.07% | 24.68% | 75.32% |
| 2034 | 131,898 mi | $8,538 | +$1,460 | +14.6% | 21.08% | 78.92% |
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 2022 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 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 | $44,497 | 79 sales |
| 5,000 mi | $41,980 | 350 sales |
| 10,000 mi | $37,238 | 256 sales |
| 15,000 mi | $34,998 | 277 sales |
| 20,000 mi | $33,996 | 368 sales |
| 25,000 mi | $32,906 | 364 sales |
| 30,000 mi | $31,998 | 194 sales |
| 35,000 mi | $31,080 | 99 sales |
| 40,000 mi | $29,894 | 65 sales |
| 45,000 mi | $27,569 | 44 sales |
| 50,000 mi | $28,750 | 21 sales |
| 55,000 mi | $25,990 | 13 sales |
Frequently asked questions
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
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.
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.
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.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
Other years of VOLVO S60
2001 VOLVO S60
$3,799 average used price
590+ sales records
2005 VOLVO S60
$5,195 average used price
1,400+ sales records
2009 VOLVO S60
$6,443 average used price
1,300+ sales records
2011 VOLVO S60
$8,769 average used price
1,900+ sales records
2014 VOLVO S60
$10,995 average used price
9,500+ sales records
2020 VOLVO S60
$25,900 average used price
21,200+ sales records
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2022 VOLVO S60 on BADVIN
