Depreciation
The depreciation graph and accompanying table on our page detail how the 2024 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) 2024 VOLVO XC60 in 2024 was $47,630.
The average price for used 2024 VOLVO XC60 nowadays in 2024 is $49,900 which is 105% from the original price.
Estimated mileage driven per year is 11,026 miles.
The graph below is a depreciation curve for 2024 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 2024 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 | ||
|---|---|---|---|---|---|---|
| 2024 MSRP | 0 mi | $47,630 | — | — | 100% | 0% |
| 2024 | 11,026 mi | $49,900 | −$2,270 | −4.77% | 104.77% | -4.77% |
| 2025 | 22,052 mi | $44,557 | +$5,343 | +10.71% | 93.55% | 6.45% |
| 2026 | 33,078 mi | $37,650 | +$6,907 | +15.5% | 79.05% | 20.95% |
| 2027 | 44,104 mi | $34,000 | +$3,650 | +9.69% | 71.38% | 28.62% |
| 2028 | 55,130 mi | $29,995 | +$4,005 | +11.78% | 62.98% | 37.02% |
| 2029 | 66,156 mi | $26,998 | +$2,997 | +9.99% | 56.68% | 43.32% |
| 2030 | 77,182 mi | $24,630 | +$2,368 | +8.77% | 51.71% | 48.29% |
| 2031 | 88,208 mi | $17,988 | +$6,642 | +26.97% | 37.77% | 62.23% |
| 2032 | 99,234 mi | $15,995 | +$1,993 | +11.08% | 33.58% | 66.42% |
| 2033 | 110,260 mi | $14,799 | +$1,196 | +7.48% | 31.07% | 68.93% |
| 2034 | 121,286 mi | $12,588 | +$2,211 | +14.94% | 26.43% | 73.57% |
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 2024 VOLVO XC60. This data was calculated using sales records from BADVIN database.
The table below shows average price for used 2024 VOLVO XC60 by mileage and number of sales.
You can scroll the table horizontally to see all columns.
| Mileage | Average Price | Sample Size |
|---|---|---|
| 0 mi | $54,473 | 58 sales |
| 5,000 mi | $49,537 | 346 sales |
| 10,000 mi | $49,683 | 65 sales |
| 15,000 mi | $46,498 | 11 sales |
Frequently asked questions
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.
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 XC60 by making it more attractive to potential buyers, thereby preserving more of its value.
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.
You can track the depreciation of your car by monitoring market trends, checking online valuation tools, and staying informed about new model releases.
The economic climate can significantly affect the depreciation of vehicles, with higher demand and better economic conditions typically slowing depreciation rates.
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.
High mileage typically accelerates the depreciation of a vehicle, as it may indicate increased wear and tear and potential future repairs.
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.
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
2012 VOLVO XC60
$9,988 average used price
9,400+ 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
2016 VOLVO XC60
$15,995 average used price
19,300+ sales records
2019 VOLVO XC60
$26,998 average used price
35,400+ sales records
2023 VOLVO XC60
$44,557 average used price
390+ sales records
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2024 VOLVO XC60 on BADVIN
