Depreciation
The depreciation graph and accompanying table on our page detail how the 2022 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) 2022 VOLVO XC40 in 2022 was $45,155.
The average price for used 2022 VOLVO XC40 nowadays in 2024 is $33,000 which is 73% from the original price.
Estimated mileage driven per year is 9,807 miles.
The graph below is a depreciation curve for 2022 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 2022 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 | ||
|---|---|---|---|---|---|---|
| 2022 MSRP | 0 mi | $45,155 | — | — | 100% | 0% |
| 2022 | 9,807 mi | $44,500 | +$655 | +1.45% | 98.55% | 1.45% |
| 2023 | 19,614 mi | $39,000 | +$5,500 | +12.36% | 86.37% | 13.63% |
| 2024 | 29,421 mi | $33,000 | +$6,000 | +15.38% | 73.08% | 26.92% |
| 2025 | 39,228 mi | $31,790 | +$1,210 | +3.67% | 70.4% | 29.6% |
| 2026 | 49,035 mi | $26,982 | +$4,808 | +15.12% | 59.75% | 40.25% |
| 2027 | 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 2022 VOLVO XC40. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2022 VOLVO XC40 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $44,888 | 110 sales |
| 5,000 mi | $42,109 | 394 sales |
| 10,000 mi | $39,995 | 300 sales |
| 15,000 mi | $37,000 | 235 sales |
| 20,000 mi | $35,899 | 256 sales |
| 25,000 mi | $34,500 | 139 sales |
| 30,000 mi | $33,500 | 125 sales |
| 35,000 mi | $32,894 | 58 sales |
| 40,000 mi | $31,722 | 43 sales |
| 45,000 mi | $29,588 | 28 sales |
| 50,000 mi | $29,748 | 18 sales |
| 55,000 mi | $26,494 | 14 sales |
| 60,000 mi | $26,849 | 14 sales |
| 65,000 mi | $27,006 | 10 sales |
| 70,000 mi | $24,944 | 10 sales |
| 75,000 mi | $23,995 | 11 sales |
Frequently asked questions
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.
Proper maintenance and good condition can slow the depreciation of a 2022 VOLVO XC40 by making it more attractive to potential buyers, thereby preserving more of its value.
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.
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.
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.
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.
Economic downturns can lead to decreased demand and lower resale values for vehicles, as buyers may defer purchasing vehicles or opt for less expensive alternatives.
Some models may depreciate faster due to factors like lower demand, higher maintenance costs, or outdated technology compared to newer versions.
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.
Other years of VOLVO XC40
2019 VOLVO XC40
$25,000 average used price
26,800+ sales records
2020 VOLVO XC40
$26,982 average used price
23,600+ sales records
2021 VOLVO XC40
$31,790 average used price
22,900+ 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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