Depreciation
The depreciation graph and accompanying table on our page detail how the 2023 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) 2023 VOLVO XC40 in 2023 was $45,155.
The average price for used 2023 VOLVO XC40 nowadays in 2024 is $39,000 which is 86% from the original price.
Estimated mileage driven per year is 9,807 miles.
The graph below is a depreciation curve for 2023 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 2023 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 | ||
|---|---|---|---|---|---|---|
| 2023 MSRP | 0 mi | $45,155 | — | — | 100% | 0% |
| 2023 | 9,807 mi | $44,500 | +$655 | +1.45% | 98.55% | 1.45% |
| 2024 | 19,614 mi | $39,000 | +$5,500 | +12.36% | 86.37% | 13.63% |
| 2025 | 29,421 mi | $33,000 | +$6,000 | +15.38% | 73.08% | 26.92% |
| 2026 | 39,228 mi | $31,790 | +$1,210 | +3.67% | 70.4% | 29.6% |
| 2027 | 49,035 mi | $26,982 | +$4,808 | +15.12% | 59.75% | 40.25% |
| 2028 | 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 2023 VOLVO XC40. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2023 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 | $41,585 | 22 sales |
| 5,000 mi | $39,858 | 140 sales |
| 10,000 mi | $38,995 | 85 sales |
| 15,000 mi | $38,973 | 27 sales |
| 20,000 mi | $37,500 | 16 sales |
| 25,000 mi | $37,310 | 12 sales |
Frequently asked questions
Depreciation directly affects the resale value of a 2023 VOLVO XC40, with faster depreciating vehicles typically having lower resale values over time.
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 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.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
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.
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.
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
2022 VOLVO XC40
$33,000 average used price
6,400+ sales records
2024 VOLVO XC40
$44,500 average used price
900+ sales records
Similar Models
2020 VOLVO XC90
$59,325 MSRP
$34,998 average used price
46,700+ sales records
2021 VOLVO XC60
$47,630 MSRP
$34,000 average used price
42,100+ sales records
2021 VOLVO XC90
$59,325 MSRP
$39,995 average used price
36,500+ sales records
2022 VOLVO XC90
$59,325 MSRP
$44,999 average used price
14,800+ sales records
2022 VOLVO XC60
$47,630 MSRP
$37,650 average used price
14,800+ sales records
2023 VOLVO S90
$58,940 MSRP
$50,717 average used price
80+ sales records
