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xc40

2024 VOLVO XC40
Depreciation & Resale Value

Depreciation

The depreciation graph and accompanying table on our page detail how the 2024 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) 2024 VOLVO XC40 in 2024 was $45,155.
The average price for used 2024 VOLVO XC40 nowadays in 2024 is $44,500 which is 99% from the original price.
Estimated mileage driven per year is 9,807 miles.
The graph below is a depreciation curve for 2024 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 2024 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.
YearAverage MileageAverage Price% Left% Lost
2024 MSRP0 mi$45,155100%0%
20249,807 mi$44,500+$655+1.45%98.55%1.45%
202519,614 mi$39,000+$5,500+12.36%86.37%13.63%
202629,421 mi$33,000+$6,000+15.38%73.08%26.92%
202739,228 mi$31,790+$1,210+3.67%70.4%29.6%
202849,035 mi$26,982+$4,808+15.12%59.75%40.25%
202958,842 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 2024 VOLVO XC40. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 VOLVO XC40 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
MileageAverage PriceSample Size
0 mi$44,42550 sales
5,000 mi$44,876228 sales
10,000 mi$43,00129 sales
Frequently asked questions
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.
The best time of year to sell your car to minimize depreciation might be just before the release of a new model, when demand for used models could be higher.
To maximize value, consider buying a vehicle that is a few years old, as it has already undergone significant depreciation but likely remains reliable.
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.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
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.
Proper maintenance and good condition can slow the depreciation of a 2024 VOLVO XC40 by making it more attractive to potential buyers, thereby preserving more of its value.
Other years of VOLVO XC40
xc40
2019 VOLVO XC40
$25,000 average used price
26,800+ sales records
xc40
2020 VOLVO XC40
$26,982 average used price
23,600+ sales records
xc40
2021 VOLVO XC40
$31,790 average used price
22,900+ sales records
xc40
2022 VOLVO XC40
$33,000 average used price
6,400+ sales records
xc40
2023 VOLVO XC40
$39,000 average used price
370+ sales records
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s60
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xc60
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xc90
2024 VOLVO XC90
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s60
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2024 VOLVO XC40 on BADVIN
YV4L12UL2R2245858-2024-volvo-xc40
2024 VOLVO XC40
19 days ago, 5,447 mi
VIN YV4L12UL2R2245858
YV4L12UF3R2283206-2024-volvo-xc40
2024 VOLVO XC40
2 hours ago, 6,023 mi
VIN YV4L12UF3R2283206
YV4L12UE2R2278179-2024-volvo-xc40
2024 VOLVO XC40
2 hours ago, 30,000 mi
VIN YV4L12UE2R2278179
YV4L12UF1R2348845-2024-volvo-xc40
2024 VOLVO XC40
19 days ago, 416 mi
VIN YV4L12UF1R2348845
YV4L12UE2R2224249-2024-volvo-xc40
2024 VOLVO XC40
2 hours ago, 5,728 mi
VIN YV4L12UE2R2224249
YV4L12UL4R2249068-2024-volvo-xc40
2024 VOLVO XC40
19 days ago, 5,340 mi
VIN YV4L12UL4R2249068
YV4L12UL9R2240396-2024-volvo-xc40
2024 VOLVO XC40
5 hours ago, 8,327 mi
VIN YV4L12UL9R2240396
YV4L12UM4R2208643-2024-volvo-xc40
2024 VOLVO XC40
2 hours ago, 5,575 mi
VIN YV4L12UM4R2208643
YV4L12UE4R2212099-2024-volvo-xc40
2024 VOLVO XC40
12 days ago, 3 mi
VIN YV4L12UE4R2212099
YV4L12UK3R2215243-2024-volvo-xc40
2024 VOLVO XC40
19 days ago, 4,522 mi
VIN YV4L12UK3R2215243
YV4L12UE2R2209590-2024-volvo-xc40
2024 VOLVO XC40
12 days ago, 2,895 mi
VIN YV4L12UE2R2209590
YV4L12UL1R2216061-2024-volvo-xc40
2024 VOLVO XC40
5 hours ago, 2,789 mi
VIN YV4L12UL1R2216061
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