Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 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) 2024 VOLVO S60 in 2024 was $40,505.
The average price for used 2024 VOLVO S60 nowadays in 2024 is $43,500 which is 107% from the original price.
Estimated mileage driven per year is 10,146 miles.
The graph below is a depreciation curve for 2024 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 2024 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 | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $40,505 | — | — | 100% | 0% |
| 2024 | 10,146 mi | $43,500 | −$2,995 | −7.39% | 107.39% | -7.39% |
| 2025 | 20,292 mi | $36,000 | +$7,500 | +17.24% | 88.88% | 11.12% |
| 2026 | 30,438 mi | $31,250 | +$4,750 | +13.19% | 77.15% | 22.85% |
| 2027 | 40,584 mi | $28,900 | +$2,350 | +7.52% | 71.35% | 28.65% |
| 2028 | 50,730 mi | $25,900 | +$3,000 | +10.38% | 63.94% | 36.06% |
| 2029 | 60,876 mi | $23,998 | +$1,902 | +7.34% | 59.25% | 40.75% |
| 2030 | 71,022 mi | $18,995 | +$5,003 | +20.85% | 46.9% | 53.1% |
| 2031 | 81,168 mi | $16,995 | +$2,000 | +10.53% | 41.96% | 58.04% |
| 2032 | 91,314 mi | $14,795 | +$2,200 | +12.94% | 36.53% | 63.47% |
| 2033 | 101,460 mi | $12,988 | +$1,807 | +12.21% | 32.07% | 67.93% |
| 2034 | 111,606 mi | $10,995 | +$1,993 | +15.34% | 27.14% | 72.86% |
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 2024 VOLVO S60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 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 | $46,050 | 58 sales |
| 5,000 mi | $44,366 | 239 sales |
| 10,000 mi | $43,500 | 43 sales |
| 15,000 mi | $39,968 | 15 sales |
| 20,000 mi | $40,928 | 44 sales |
| 25,000 mi | $37,702 | 22 sales |
Frequently asked questions
Understanding depreciation is important for car owners to manage financial expectations and make informed decisions about selling or trading in their vehicles at the right time.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
The exterior and interior condition of vehicles significantly affects their depreciation, as well-maintained vehicles generally retain more value.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Depreciation directly affects the resale value of a 2024 VOLVO S60, with faster depreciating vehicles typically having lower resale values over time.
Other years of VOLVO S60
2003 VOLVO S60
$4,200 average used price
600+ sales records
2007 VOLVO S60
$6,000 average used price
2,100+ sales records
2017 VOLVO S60
$16,995 average used price
13,500+ 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
2022 VOLVO S60
$31,250 average used price
4,200+ sales records
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