Depreciation
The depreciation graph and accompanying table on our page detail how the 2020 VOLVO XC60'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 XC60 in 2020 was $47,630.
The average price for used 2020 VOLVO XC60 nowadays in 2024 is $29,995 which is 63% from the original price.
Estimated mileage driven per year is 11,026 miles.
The graph below is a depreciation curve for 2020 VOLVO XC60. 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 XC60 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 | $47,630 | — | — | 100% | 0% |
| 2020 | 11,026 mi | $49,900 | −$2,270 | −4.77% | 104.77% | -4.77% |
| 2021 | 22,052 mi | $44,557 | +$5,343 | +10.71% | 93.55% | 6.45% |
| 2022 | 33,078 mi | $37,650 | +$6,907 | +15.5% | 79.05% | 20.95% |
| 2023 | 44,104 mi | $34,000 | +$3,650 | +9.69% | 71.38% | 28.62% |
| 2024 | 55,130 mi | $29,995 | +$4,005 | +11.78% | 62.98% | 37.02% |
| 2025 | 66,156 mi | $26,998 | +$2,997 | +9.99% | 56.68% | 43.32% |
| 2026 | 77,182 mi | $24,630 | +$2,368 | +8.77% | 51.71% | 48.29% |
| 2027 | 88,208 mi | $17,988 | +$6,642 | +26.97% | 37.77% | 62.23% |
| 2028 | 99,234 mi | $15,995 | +$1,993 | +11.08% | 33.58% | 66.42% |
| 2029 | 110,260 mi | $14,799 | +$1,196 | +7.48% | 31.07% | 68.93% |
| 2030 | 121,286 mi | $12,588 | +$2,211 | +14.94% | 26.43% | 73.57% |
| 2031 | 132,312 mi | $11,000 | +$1,588 | +12.62% | 23.09% | 76.91% |
| 2032 | 143,338 mi | $9,988 | +$1,012 | +9.2% | 20.97% | 79.03% |
| 2033 | 154,364 mi | $8,995 | +$993 | +9.94% | 18.89% | 81.11% |
| 2034 | 165,390 mi | $7,999 | +$996 | +11.07% | 16.79% | 83.21% |
Price vs Mileage
Our comprehensive analysis does not stop at depreciation; it also covers how mileage affects the VOLVO XC60’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 XC60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2020 VOLVO XC60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 5,000 mi | $39,981 | 43 sales |
| 10,000 mi | $38,998 | 222 sales |
| 15,000 mi | $37,495 | 550 sales |
| 20,000 mi | $36,995 | 916 sales |
| 25,000 mi | $35,794 | 1,196 sales |
| 30,000 mi | $34,995 | 1,203 sales |
| 35,000 mi | $34,492 | 903 sales |
| 40,000 mi | $33,797 | 645 sales |
| 45,000 mi | $32,908 | 474 sales |
| 50,000 mi | $30,989 | 239 sales |
| 55,000 mi | $29,998 | 193 sales |
| 60,000 mi | $28,774 | 140 sales |
| 65,000 mi | $28,544 | 80 sales |
| 70,000 mi | $27,100 | 67 sales |
| 75,000 mi | $25,801 | 62 sales |
| 80,000 mi | $26,651 | 32 sales |
| 85,000 mi | $24,711 | 37 sales |
| 90,000 mi | $24,195 | 15 sales |
| 105,000 mi | $24,995 | 11 sales |
| 110,000 mi | $22,876 | 12 sales |
Frequently asked questions
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.
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.
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.
Factors to consider when estimating the future resale value include the car's historical depreciation rate, current market trends, overall vehicle condition, and mileage.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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.
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.
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.
Other years of VOLVO XC60
2010 VOLVO XC60
$7,999 average used price
6,900+ sales records
2013 VOLVO XC60
$11,000 average used price
12,900+ sales records
2014 VOLVO XC60
$12,588 average used price
7,900+ sales records
2015 VOLVO XC60
$14,799 average used price
20,200+ sales records
2019 VOLVO XC60
$26,998 average used price
35,400+ sales records
2021 VOLVO XC60
$34,000 average used price
42,100+ sales records
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