Depreciation
The depreciation graph and accompanying table on our page detail how the 2021 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) 2021 VOLVO XC60 in 2021 was $47,630.
The average price for used 2021 VOLVO XC60 nowadays in 2024 is $34,000 which is 71% from the original price.
Estimated mileage driven per year is 11,026 miles.
The graph below is a depreciation curve for 2021 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 2021 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 | ||
|---|---|---|---|---|---|---|
| 2021 MSRP | 0 mi | $47,630 | — | — | 100% | 0% |
| 2021 | 11,026 mi | $49,900 | −$2,270 | −4.77% | 104.77% | -4.77% |
| 2022 | 22,052 mi | $44,557 | +$5,343 | +10.71% | 93.55% | 6.45% |
| 2023 | 33,078 mi | $37,650 | +$6,907 | +15.5% | 79.05% | 20.95% |
| 2024 | 44,104 mi | $34,000 | +$3,650 | +9.69% | 71.38% | 28.62% |
| 2025 | 55,130 mi | $29,995 | +$4,005 | +11.78% | 62.98% | 37.02% |
| 2026 | 66,156 mi | $26,998 | +$2,997 | +9.99% | 56.68% | 43.32% |
| 2027 | 77,182 mi | $24,630 | +$2,368 | +8.77% | 51.71% | 48.29% |
| 2028 | 88,208 mi | $17,988 | +$6,642 | +26.97% | 37.77% | 62.23% |
| 2029 | 99,234 mi | $15,995 | +$1,993 | +11.08% | 33.58% | 66.42% |
| 2030 | 110,260 mi | $14,799 | +$1,196 | +7.48% | 31.07% | 68.93% |
| 2031 | 121,286 mi | $12,588 | +$2,211 | +14.94% | 26.43% | 73.57% |
| 2032 | 132,312 mi | $11,000 | +$1,588 | +12.62% | 23.09% | 76.91% |
| 2033 | 143,338 mi | $9,988 | +$1,012 | +9.2% | 20.97% | 79.03% |
| 2034 | 154,364 mi | $8,995 | +$993 | +9.94% | 18.89% | 81.11% |
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 2021 VOLVO XC60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2021 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 | $36,991 | 63 sales |
| 10,000 mi | $36,998 | 284 sales |
| 15,000 mi | $36,300 | 603 sales |
| 20,000 mi | $35,962 | 1,025 sales |
| 25,000 mi | $34,998 | 1,224 sales |
| 30,000 mi | $34,500 | 1,420 sales |
| 35,000 mi | $33,899 | 1,025 sales |
| 40,000 mi | $32,994 | 652 sales |
| 45,000 mi | $31,998 | 408 sales |
| 50,000 mi | $30,915 | 247 sales |
| 55,000 mi | $30,998 | 118 sales |
| 60,000 mi | $28,492 | 114 sales |
| 65,000 mi | $28,045 | 40 sales |
| 70,000 mi | $28,500 | 32 sales |
| 75,000 mi | $26,968 | 13 sales |
| 80,000 mi | $26,600 | 12 sales |
| 85,000 mi | $28,480 | 14 sales |
| 90,000 mi | $25,173 | 10 sales |
Frequently asked questions
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.
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.
When buying a car, consider models with strong resale histories, opt for popular color and feature options, and evaluate current market trends for the best value retention.
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.
Keeping your vehicle for about three to five years can optimize its resale value, balancing depreciation with usage and maintenance costs.
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.
Strategies to reduce the rate of depreciation include regular maintenance, keeping mileage low, avoiding significant modifications, and keeping up with all necessary repairs.
Proper maintenance and good condition can slow the depreciation of a 2021 VOLVO XC60 by making it more attractive to potential buyers, thereby preserving more of its value.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The market value of a vehicle is calculated based on its historical depreciation trends, current condition, mileage, and market trends.
Other years of VOLVO XC60
2011 VOLVO XC60
$8,995 average used price
5,900+ sales records
2013 VOLVO XC60
$11,000 average used price
12,900+ sales records
2015 VOLVO XC60
$14,799 average used price
20,200+ sales records
2018 VOLVO XC60
$24,630 average used price
41,500+ sales records
2023 VOLVO XC60
$44,557 average used price
390+ sales records
2024 VOLVO XC60
$49,900 average used price
930+ sales records
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