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.
| Year | Average Mileage | Average Price | % Left | % Lost | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $45,155 | — | — | 100% | 0% |
| 2024 | 9,807 mi | $44,500 | +$655 | +1.45% | 98.55% | 1.45% |
| 2025 | 19,614 mi | $39,000 | +$5,500 | +12.36% | 86.37% | 13.63% |
| 2026 | 29,421 mi | $33,000 | +$6,000 | +15.38% | 73.08% | 26.92% |
| 2027 | 39,228 mi | $31,790 | +$1,210 | +3.67% | 70.4% | 29.6% |
| 2028 | 49,035 mi | $26,982 | +$4,808 | +15.12% | 59.75% | 40.25% |
| 2029 | 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 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.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $44,425 | 50 sales |
| 5,000 mi | $44,876 | 228 sales |
| 10,000 mi | $43,001 | 29 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.
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.
Car depreciation is the decrease in value of a vehicle over time. It's a crucial factor to consider when calculating the total cost of vehicle ownership.
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.
Advanced safety features can influence the resale value and slow the depreciation of vehicles by making them more attractive to safety-conscious buyers.
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.
Aftermarket modifications can affect the depreciation of 2024 VOLVO XC40 either positively, by enhancing appeal to certain buyers, or negatively, by deterring those who prefer stock condition.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
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.
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
2023 VOLVO XC40
$39,000 average used price
370+ sales records
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