Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 VOLVO XC40'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) 2020 VOLVO XC40 in 2020 was $45,155.
The average price for used 2020 VOLVO XC40 nowadays in 2024 is $26,982 which is 60% from the original price.
Estimated mileage driven per year is 9,807 miles.
The graph below is a depreciation curve for 2020 VOLVO XC40. 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 2020 VOLVO XC40 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 | ||
|---|---|---|---|---|---|---|
| 2020 MSRP | 0 mi | $45,155 | — | — | 100% | 0% |
| 2020 | 9,807 mi | $44,500 | +$655 | +1.45% | 98.55% | 1.45% |
| 2021 | 19,614 mi | $39,000 | +$5,500 | +12.36% | 86.37% | 13.63% |
| 2022 | 29,421 mi | $33,000 | +$6,000 | +15.38% | 73.08% | 26.92% |
| 2023 | 39,228 mi | $31,790 | +$1,210 | +3.67% | 70.4% | 29.6% |
| 2024 | 49,035 mi | $26,982 | +$4,808 | +15.12% | 59.75% | 40.25% |
| 2025 | 58,842 mi | $25,000 | +$1,982 | +7.35% | 55.36% | 44.64% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO XC40’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 2020 VOLVO XC40. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 VOLVO XC40 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $35,998 | 93 sales |
| 10,000 mi | $35,399 | 359 sales |
| 15,000 mi | $34,211 | 596 sales |
| 20,000 mi | $33,662 | 930 sales |
| 25,000 mi | $32,893 | 966 sales |
| 30,000 mi | $32,488 | 959 sales |
| 35,000 mi | $31,491 | 743 sales |
| 40,000 mi | $30,279 | 527 sales |
| 45,000 mi | $28,998 | 309 sales |
| 50,000 mi | $28,287 | 220 sales |
| 55,000 mi | $27,688 | 189 sales |
| 60,000 mi | $26,500 | 135 sales |
| 65,000 mi | $25,333 | 94 sales |
| 70,000 mi | $25,629 | 61 sales |
| 75,000 mi | $24,458 | 73 sales |
| 80,000 mi | $23,995 | 27 sales |
| 85,000 mi | $23,998 | 32 sales |
| 90,000 mi | $22,995 | 43 sales |
| 95,000 mi | $22,499 | 15 sales |
Frequently asked questions
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 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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
Depreciation directly affects the resale value of a 2020 VOLVO XC40, with faster depreciating vehicles typically having lower resale values over time.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
Proper maintenance and good condition can slow the depreciation of a 2020 VOLVO XC40 by making it more attractive to potential buyers, thereby preserving more of its 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.
Other years of VOLVO XC40
2019 VOLVO XC40
$25,000 average used price
26,800+ sales records
2021 VOLVO XC40
$31,790 average used price
22,900+ sales records
2022 VOLVO XC40
$33,000 average used price
6,400+ sales records
2023 VOLVO XC40
$39,000 average used price
370+ sales records
2024 VOLVO XC40
$44,500 average used price
900+ sales records
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